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Their own payment-practices filing · gov.uk

Flynn Limited paid suppliers in 61 days on average — 54 days past its stated terms

CRN 01218790 · Construction · 4 statutory reports on record · period to 31 May 2022

Dated record. The latest report covers a period ending 31 May 2022 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
61daysavg time to pay · H1 2022

Their H1 2022 filing put the average 54 days past the 7-day term they state.

Their stated terms
7 days
Paid outside agreed terms
13% of invoices
Paid after 61+ days
35%
Reporting period
1 Dec 2021 – 31 May 2022
Source
their gov.uk filing, filed 11 Jul 2022

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

Terms vs reality · their H1 2022 filing

Paid 54 days past their stated terms

The pattern · last 4 of 4 reports

58 → 61 days — slower across the window

The read · computed from their figures

Flynn Limited's H1 2022 filing put their average at 61 days against stated terms of 7 days; 13% of invoices were paid outside agreed terms and 35% took 61 days or longer. Filed 11 Jul 2022.

The direction is slower: from 58 days in H1 2021 to 61 now — 3 days slower across their last 4 reports.

That is 4 statutory periods on record (earliest H1 2021) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

Standard payment terms for Purchase Ledger suppliers are 33, 48, 63 days from end of month of invoice. Invoices must be sent in a timely manner. Payment may delayed on invoices without proof of delivery. Statements are reconciled on a monthly basis to ensure all invoices have been received. Standard payment terms for Subcontractors are 7, 33, 48, 63 and 78 days depending on the type of supply and contractual arrangement.

Dispute resolution

Any dispute arising would involve discussion with the supplier or contractor and the Buying or Commercial Team, depending on the type of supply. Flynn Limited endeavour to settle all disputes fairly and in a timely manner.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20226113%35%11 Jul 2022
H2 20215912%37%29 Mar 2022
H1 20215910%34%29 Mar 2022
H1 20215814%35%29 Mar 2022

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
8 Jul 1975
Registered office
SECOND FLOOR, TAMWORTH, B77 5PN
0 outstanding charges on the register Accounts due 30 Sept 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 61-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 61-day vs a 7-day payment cycle.

≈ £24,000
of invoicing outstanding at any one time on a 61-day cycle — about £21,300 more than the same account would carry at 7-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · Flynn Limited

Are they getting slower or faster?
Their reported average has moved about 3 days slower over the window (58 → 61 days).
What's their typical pay point?
Their latest filed report put the average at day 61; across their last 4 reports it ranged 58–61 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-01218790 · latest period to 31 May 2022

Verify the original Companies House file

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