Their own payment-practices filing · gov.uk

SP Group Limited paid suppliers in 70 days on average — within its stated 7–127 day terms

CRN 01240968 · 1 statutory report on record · period to 2 Feb 2018

Dated record. The latest report covers a period ending 2 Feb 2018 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

70daysavg time to pay · H1 2018

Their H1 2018 filing put the average 63 days past the shortest term they state (7 days), still within their 127-day upper term.

Their stated terms: 7–127 days
Paid outside agreed terms: 53% of invoices
Paid after 61+ days: 61%
Reporting period: 29 Jul 2017 – 2 Feb 2018
Source: their gov.uk filing, filed 28 Feb 2018

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

Terms vs reality · their H1 2018 filing

Paid within their stated range — 70 against 7–127 days

PAIDLATE · terms vs the clockdays to pay · 0–140

avg 70d

0 days140 days

reported avg 70 days their filed terms 7–127 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 13% 31–60 days 27% 61+ days 61%

Source: their statutory Payment Practices Report #772, period 29 Jul 2017 – 2 Feb 2018, filed 28 Feb 2018 · gov.uk payment-practices service

SP Group Limited paid within its stated range, 63 days past the shortest term. 53% of invoices still went outside agreed terms; 61% reached 61 days or more. Self-reported in their statutory H1 2018 filing.

The read · computed from their figures

SP Group Limited's H1 2018 filing put their average at 70 days against stated terms of 7–127 days; 53% of invoices were paid outside agreed terms and 61% took 61 days or longer. Filed 28 Feb 2018.

That is one statutory period on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

SP Group's standard payment terms are 93 days from the end of the month of the invoice date. For certain suppliers, e.g. regulatory bodies, one-off suppliers, or suppliers below a certain level of expenditure, payment terms can be less than the standard terms. Payment terms are notified to suppliers as part of the on boarding process which involves the completion of a standard new supplier form, with parts completed by the supplier and the relevant procurement contact. The supplier form is submitted to the accounts payable team, in accordance with the delegated authorities, to upload details in the system. Any subsequent changes to terms are discussed between the procurement contact and the supplier and notified to the accounts payable team.

Dispute resolution

A discrepancy dashboard is created weekly by the accounts payable team and queried with the appropriate internal contact. The responses received are actioned weekly. If there is no resolution then it is escalated to the Financial Controller. The accounts payable team send out a monthly report to Suppliers to advise them of invoices that are in query. Communications from suppliers about invoices in dispute are investigated by the accounts payable team and, if required, are escalated to the relevant contact to address.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2018	70	53%	61%	28 Feb 2018

Illustrative · working-capital arithmetic

What a 70-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 70-day vs a 7-day payment cycle.

≈ £27,500

of invoicing outstanding at any one time on a 70-day cycle — about £24,800 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 · SP Group Limited

What's their typical pay point?

Their latest reports averaged around day 70. 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.

Stay ahead

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They haven’t filed a payment report since 28 Feb 2018. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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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-01240968 · latest period to 2 Feb 2018

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