Their own payment-practices filing · gov.uk
Marwood Electrical Company Limited paid suppliers in 44 days on average — within its stated 31–90 day terms
Their H2 2020 filing put the average 13 days past the shortest term they state (31 days), still within their 90-day upper term.
- Their stated terms
- 31–90 days
- Paid outside agreed terms
- 4% of invoices
- Paid after 61+ days
- 5%
- Reporting period
- 1 Jul 2020 – 31 Dec 2020
- Source
- their gov.uk filing, filed 20 Jan 2021
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2020 filing
Paid within their stated range — 44 against 31–90 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 6 reports
39 → 44 days — slower across the window
The read · computed from their figures
Marwood Electrical Company Limited's H2 2020 filing put their average at 44 days against stated terms of 31–90 days; 4% of invoices were paid outside agreed terms and 5% took 61 days or longer. Filed 20 Jan 2021.
The direction is slower: from 39 days in H1 2018 to 44 now — 5 days slower across their last 6 reports.
That is 6 statutory periods 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
We pay our suppliers in line with their payment terms. The majority of suppliers’ terms are monthly account (i.e. invoices are due for payment at the end of the month which follows the month in which they are dated). Therefore, depending on when the invoice is raised in any particular month, the standard payment period can vary from 31 to 60 days
Dispute resolution
We have an internal KPI that there should be no more than 5 price invoice queries unresolved at the end of every month. Once a price query has been identified, the supplier is notified immediately and then chased regularly during the month to ensure that the invoice can be cleared for payment in line with the agreed terms. Where a price query is resolved after the payment run has been made, then the resolved invoice (and any associated credit note) is paid on the next payment run. Invoice queries relating to the shortage or damage of goods are also notified to the supplier immediately. The invoice will then be processed for payment in line with the standard payment terms once the shortfall has been received or the faulty goods have been replaced. Where goods are received in a subsequ
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2020 | 44 | 4% | 5% | 20 Jan 2021 |
| H1 2020 | 43 | 4% | 5% | 27 Jul 2020 |
| H2 2019 | 43 | 3% | 5% | 27 Jan 2020 |
| H1 2019 | 40 | 3% | 3% | 23 Jul 2019 |
| H2 2018 | 43 | 5% | 5% | 29 Jan 2019 |
| H1 2018 | 39 | 5% | 5% | 25 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 12 Dec 1977
- Registered office
- VOTEC HOUSE, NEWBURY, RG14 5TN
Illustrative · working-capital arithmetic
What a 44-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 44-day vs a 31-day payment cycle.
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 · Marwood Electrical Company Limited
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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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-01343397 · latest period to 31 Dec 2020
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