Their own payment-practices filing · gov.uk
How long does SP Group Limited take to pay its suppliers?
Self-reported figure from their statutory filing. How this is compiled.
Terms vs reality
Stated terms: 7–127 days. Reported average: 70.
At a glance
The key figures
Vs peers · latest reported averages
Where their supplier invoices land · latest period
The read · computed from their figures
SP Group Limited has filed 1 statutory payment period (earliest H1 2018). Their latest report puts the average at 70 days against stated terms of 7–127 days.
In the latest period 53% of invoices were paid outside their agreed terms, and 61% landed 61+ days out.
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 |
Working-capital effect
What a 70-day cycle ties up
Illustrative. On a hypothetical £12k/month account, at a 70-day vs a 7-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts Act 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
What's their typical pay point?
Can I see what this means for my invoices?
Stay ahead
Watch SP Group Limited (free)
Their next payment report is due ≈ 31 Aug 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?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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 6,185 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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