Their own payment-practices filing · gov.uk
Close Asset Management Limited pays suppliers in 47 days on average — 17 days past its stated terms
Their H1 2026 filing puts the average 17 days past the 30-day term they state.
- Their stated terms
- 30 days
- Paid outside agreed terms
- 43% of invoices
- Paid after 61+ days
- 14%
- Reporting period
- 1 Oct 2025 – 31 Mar 2026
- Source
- their gov.uk filing, filed 30 Apr 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid 17 days past their stated terms
Where their invoices landed · share of all invoices
The pattern · last 6 of 18 reports
31 → 47 days — slowing down
The read · computed from their figures
Close Asset Management Limited's H1 2026 filing puts their average at 47 days against stated terms of 30 days; 43% of invoices were paid outside agreed terms and 14% took 61 days or longer. Filed 30 Apr 2026.
The direction is slower: from 31 days in H1 2024 to 47 now — 16 days slower across their last 6 reports.
On the latest reported averages: Slower than 93% of the 638 large companies reporting in financial services.
That is 18 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
TBL agrees appropriate terms of payment with suppliers for each transaction or series of transactions, and abides by those terms based on the timely submission of valid invoices. In the absence of agreed terms with a supplier, the company’s policy is to pay within 30 days of receipt of a valid invoice. The most frequently agreed term with suppliers is 30 days from receipt of a valid invoice.
Dispute resolution
TBL and the supplier will first attempt to resolve any dispute by referring it for formal discussion between TBL authorised representative and the supplier (both acting reasonably and in good faith). If TBL authorised representative and the supplier are for any reason unable to resolve the dispute within 14 days of the date of its referral to them, the dispute may be referred to court by either TBL or the supplier.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 47 | 43% | 14% | 30 Apr 2026 |
| H2 2025 | 37 | 37% | 0% | 30 Oct 2025 |
| H1 2025 | 30 | 0% | 0% | 28 Apr 2025 |
| H1 2025 | 22 | 11% | 0% | 28 Feb 2025 |
| H1 2024 | 25 | 37% | 0% | 29 Aug 2024 |
| H1 2024 | 31 | 17% | 25% | 27 Feb 2024 |
| H1 2023 | 13 | 0% | 0% | 29 Aug 2023 |
| H1 2023 | 25 | 20% | 5% | 28 Feb 2023 |
| H1 2022 | 31 | 14% | 14% | 26 Aug 2022 |
| H1 2022 | 19 | 0% | 0% | 2 Mar 2022 |
| H1 2021 | 19 | 0% | 0% | 26 Aug 2021 |
| H1 2021 | 72 | 75% | 44% | 26 Feb 2021 |
| H1 2020 | 182 | 0% | 67% | 28 Aug 2020 |
| H1 2020 | 180 | 0% | 67% | 27 Feb 2020 |
| H1 2019 | 40 | 56% | 22% | 29 Aug 2019 |
| H1 2019 | 34 | 25% | 11% | 28 Feb 2019 |
| H1 2018 | 43 | 42% | 15% | 29 Aug 2018 |
| H1 2018 | 34 | 19% | 5% | 28 Feb 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 17 Jun 1982
- Registered office
- WIGMORE YARD, LONDON, W1U 2RY
Illustrative · working-capital arithmetic
What a 47-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 47-day vs a 30-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 · Close Asset Management 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-01644127 · latest period to 31 Mar 2026
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