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Their own payment-practices filing · gov.uk

Lucy Electric UK Limited pays suppliers in 46 days on average — inside its 60-day stated terms

CRN 01179461 · Manufacturing · 3 statutory reports on record · period to 30 Jun 2026

46daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 14 days inside their stated 60-day term.

Slower than mostvs a 31-day median across 6,104 recent filers
Their stated terms
60 days
Paid outside agreed terms
39% of invoices
Paid after 61+ days
26%
Reporting period
1 Jan 2026 – 30 Jun 2026
Source
their gov.uk filing, filed 29 Jul 2026

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2026 filing

Paid 14 days inside the 60-day term they state

The pattern · last 3 of 3 reports

Holding steady around 46 days

The read · computed from their figures

Lucy Electric UK Limited's H1 2026 filing puts their average at 46 days against stated terms of 60 days; 39% of invoices were paid outside agreed terms and 26% took 61 days or longer. Filed 29 Jul 2026.

The pattern is steady — their reported average moves within about ±1 days period to period.

On the latest reported averages: Slower than 52% of the 977 large companies reporting in manufacturing.

That is 3 statutory periods on record (earliest H1 2025) — a historical record, not a promise for a new invoice.

What they tell their suppliers

2% of invoices in dispute

In their own words · from the filing

Standard payment terms

Terms range between 0 and 60 days from the end of the current month, dependent on the nature of the business.

Dispute resolution

We operate a three-way matching process, where the invoice, goods receipt and PO should match. Any discrepancies are referred back to the supplier. Invoices cannot be processed for payment unless the final invoice matches the original purchase order, in terms of quantity, price and quality. Any discrepancies are referred back to the supplier to update as required, which can cause delays in payment from the original due date. Suppliers can raise issues by contacting a dedicated email address, which are then dealt with by accounts payable and escalated to senior management and Group legal team where issues cannot be resolved directly.

Other information

Of the 39% of payments not made within agreed payment terms, 43% of these were paid with 7 days of the payment due date.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20264639%26%29 Jul 2026
H2 20254753%24%30 Jan 2026
H1 20254619%24%31 Jul 2025

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
1 Aug 1974
Registered office
EAGLE WORKS, OXFORD, OX2 6EE
0 outstanding charges on the register Accounts due 30 Sept 2027

Open the full record at Companies House.

Quick answers · Lucy Electric UK Limited

Are they getting slower or faster?
Their reported average is steady — within about ±1 days period to period, around 46 days.
What's their typical pay point?
Their latest reports average around day 46, moving within about ±1 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-01179461 · latest period to 30 Jun 2026

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