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Their own payment-practices filing · gov.uk

Xtrac Limited paid suppliers in 60 days on average — within its stated 7–60 day terms

CRN 01825037 · Manufacturing · 12 statutory reports on record · period to 30 Sept 2023

Dated record. The latest report covers a period ending 30 Sept 2023 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
60daysavg time to pay · H2 2023

Their H2 2023 filing put the average 53 days past the shortest term they state (7 days), still within their 60-day upper term.

Their stated terms
7–60 days
Paid outside agreed terms
52% of invoices
Paid after 61+ days
62%
Reporting period
1 Apr 2023 – 30 Sept 2023
Source
their gov.uk filing, filed 31 Oct 2023

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

Terms vs reality · their H2 2023 filing

Paid within their stated range — 60 against 7–60 days

The pattern · last 6 of 12 reports

63 → 60 days — faster across the window

The read · computed from their figures

Xtrac Limited's H2 2023 filing put their average at 60 days against stated terms of 7–60 days; 52% of invoices were paid outside agreed terms and 62% took 61 days or longer. Filed 31 Oct 2023.

The direction is faster: from 63 days in H1 2021 to 60 now — 3 days faster across their last 6 reports.

That is 12 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

For the majority of our suppliers our standard payment terms are 60 days E.O.M.

Dispute resolution

Any supplier invoice disputes are referred to our purchasing department for resolution with the supplier. A request for a credit note will be made to the supplier if appropriate.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20236052%62%31 Oct 2023
H1 20236368%63%28 Apr 2023
H2 20226252%62%31 Oct 2022
H1 20226459%64%4 Aug 2022
H2 20216138%60%3 Aug 2022
H1 20216339%62%30 Apr 2021
H2 20206457%67%31 Oct 2020
H1 20206562%68%30 Apr 2020
H2 20196250%65%3 Jan 2020
H1 20196142%58%3 Jan 2020
H2 20186243%63%3 Jan 2020
H1 20186144%57%3 Jan 2020

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
15 Jun 1984
Registered office
GABLES WAY, THATCHAM, RG19 4ZA
2 outstanding charges — secured borrowing registered Accounts due 30 Sept 2026 — overdue

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 60-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 60-day vs a 7-day payment cycle.

≈ £23,500
of invoicing outstanding at any one time on a 60-day cycle — about £20,900 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 · Xtrac Limited

Are they getting slower or faster?
Their reported average has moved about 3 days faster over the window (63 → 60 days).
What's their typical pay point?
Their latest filed report put the average at day 60; across their last 6 reports it ranged 60–64 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-01825037 · latest period to 30 Sept 2023

Verify the original Companies House file

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