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Their own payment-practices filing · gov.uk

How long does Surrey Satellite Technology Limited take to pay its suppliers?

CRN 01916260 · Manufacturing · 17 statutory reports on record · period to 30 Jun 2026

25days
their reported average time to pay suppliers, latest period
Faster than mostvs a 31-day median across 6,185 recent filers

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

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On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
23 May 1985
Registered office
TYCHO HOUSE, 20 STEPHENSON ROAD, GUILDFORD, GU2 7YE
0 outstanding charges on the register Accounts due 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 14 days. Reported average: 25.

Stated terms14d
+11 days
Reported avg25d

At a glance

The key figures

14d
their stated terms
5%
invoices paid outside terms
-15d
faster over the window
±2d
steady pattern

Vs peers · latest reported averages

fasterslower
Faster than 93% of the 992 large companies reporting in manufacturing.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 14d
40
26
28
29
28
25
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 79% 31–60 days 19% 61+ days 2%

The read · computed from their figures

Surrey Satellite Technology Limited has filed 17 statutory payment periods (earliest H1 2018). Their latest report puts the average at 25 days against stated terms of 14 days.

The direction is faster: from 40 to 25 days over the window — about 15 days faster.

In the latest period 5% of invoices were paid outside their agreed terms, and 2% landed 61+ days out.

What they tell their suppliers

2% of invoices in dispute

In their own words · from the filing

Standard payment terms

Standard payment terms are within 45 days from receipt and acceptance of invoice. Payments are made twice a month (10th and 25th or nearest previous working day). Invoices are paid in the next available payment run that avoids late payment. For example, an invoice received on the 15th would fall in the payment run of the 10th of the following month, a payment period of 26 days, which will be reflected in the payment statistics.

Dispute resolution

If any disagreement arises out of the invoices and their payment, the matter shall be dealt with as follows: the Supplier shall send an email to [email protected] with evidence that it met the invoicing requirements and with an explanation of its claim regarding any unpaid invoice. The Accounts Payable department should respond within 5 working days. If this dispute is not resolved, the Supplier should write to the Financial Controller at the Head Office address who shall respond to the Supplier within 10 working days of receipt of the Supplier’s letter and the parties will use their reasonable endeavours to resolve the matter promptly.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2026255%2%23 Jul 2026
H2 2025286%1%21 Jan 2026
H1 2025295%2%25 Jul 2025
H2 2024286%1%23 Jan 2025
H1 2024264%1%26 Jul 2024
H2 20234022%12%29 Jan 2024
H1 20233718%9%7 Aug 2023
H2 20223716%7%27 Jan 2023
H1 20223421%6%29 Jan 2023
H2 20213612%5%31 Jan 2022
H1 20215328%31%29 Jul 2021
H2 20203117%4%31 Jan 2021
H1 20204524%11%30 Jul 2020
H2 20194342%9%31 Jan 2020
H1 20194643%12%24 Jul 2019
H2 20184421%11%28 Jan 2019
H1 20184244%9%28 Jul 2018

Working-capital effect

What a 25-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 25-day vs a 14-day payment cycle.

≈ £10,000
of invoicing outstanding at any one time on a 25-day cycle — about £4,300 more than the same account would carry at 14-day terms.

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

Are they getting slower or faster?
Their reported average has moved about 15 days faster over the window (40 → 25 days).
What's their typical pay point?
Their latest reports average around day 25, moving within about ±2 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.

Stay ahead

Watch Surrey Satellite Technology Limited (free)

Their next payment report is due ≈ 26 Jan 2027. 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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-01916260 · latest period to 30 Jun 2026

Verify the original Companies House file

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