Their own payment-practices filing · gov.uk
Surrey Satellite Technology Limited pays suppliers in 25 days on average — 11 days past its stated terms
Their H1 2026 filing puts the average 11 days past the 14-day term they state.
- Their stated terms
- 14 days
- Paid outside agreed terms
- 5% of invoices
- Paid after 61+ days
- 2%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 23 Jul 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid 11 days past their stated terms
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
40 → 25 days — getting faster
The read · computed from their figures
Surrey Satellite Technology Limited's H1 2026 filing puts their average at 25 days against stated terms of 14 days; 5% of invoices were paid outside agreed terms and 2% took 61 days or longer. Filed 23 Jul 2026.
The direction is faster: from 40 days in H2 2023 to 25 now — 15 days faster across their last 6 reports.
On the latest reported averages: Faster than 93% of the 977 large companies reporting in manufacturing.
That is 17 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
What they tell their suppliers
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.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 25 | 5% | 2% | 23 Jul 2026 |
| H2 2025 | 28 | 6% | 1% | 21 Jan 2026 |
| H1 2025 | 29 | 5% | 2% | 25 Jul 2025 |
| H2 2024 | 28 | 6% | 1% | 23 Jan 2025 |
| H1 2024 | 26 | 4% | 1% | 26 Jul 2024 |
| H2 2023 | 40 | 22% | 12% | 29 Jan 2024 |
| H1 2023 | 37 | 18% | 9% | 7 Aug 2023 |
| H2 2022 | 37 | 16% | 7% | 27 Jan 2023 |
| H1 2022 | 34 | 21% | 6% | 29 Jan 2023 |
| H2 2021 | 36 | 12% | 5% | 31 Jan 2022 |
| H1 2021 | 53 | 28% | 31% | 29 Jul 2021 |
| H2 2020 | 31 | 17% | 4% | 31 Jan 2021 |
| H1 2020 | 45 | 24% | 11% | 30 Jul 2020 |
| H2 2019 | 43 | 42% | 9% | 31 Jan 2020 |
| H1 2019 | 46 | 43% | 12% | 24 Jul 2019 |
| H2 2018 | 44 | 21% | 11% | 28 Jan 2019 |
| H1 2018 | 42 | 44% | 9% | 28 Jul 2018 |
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
Illustrative · working-capital arithmetic
What a 25-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 25-day vs a 14-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 · Surrey Satellite Technology 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-01916260 · latest period to 30 Jun 2026
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