Their own payment-practices filing · gov.uk

How long does H L C (Wood Products) Limited take to pay its suppliers?

CRN 02040431 · Manufacturing · 5 statutory reports on record · period to 28 Feb 2020

53days

their reported average time to pay suppliers, latest period

Slower than mostvs a 31-day median across 6,185 recent filers

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

Dated record. The latest report covers a period ending 28 Feb 2020 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 24 Jul 1986
Registered office: THE GRAVEL PIT, NORFOLK, IP20 9LB

0 outstanding charges on the register Accounts due 30 Sept 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 30–60 days. Reported average: 53.

Stated terms30–60d

+23 days

Reported avg53d

At a glance

The key figures

30–60d

their stated terms

18%

invoices paid outside terms

+3d

slower over the window

±9d

variable pattern

Vs peers · latest reported averages

fasterslower

Slower than 66% of the 992 large companies reporting in manufacturing.

The pattern

Getting slower

Average days to pay across their last 5 statutory reports.

terms 30d

H1 2018H1 2018H1 2019H1 2019H1 2020

Where their supplier invoices land · latest period

within 30 days 27% 31–60 days 41% 61+ days 32%

The read · computed from their figures

H L C (Wood Products) Limited has filed 5 statutory payment periods (earliest H1 2018). Their latest report puts the average at 53 days against stated terms of 30–60 days.

The direction is slower: from 50 to 53 days over the window — about 3 days slower.

In the latest period 18% of invoices were paid outside their agreed terms, and 32% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Under the most frequently used payment terms, the number of days to pay will be between 30 and 60 days depending upon the time of the month in which the invoice is issued

Dispute resolution

Any disputes with suppliers over payment terms is dealt with by the Finance Department, who will collect evidence on the terms that were agreed between the individuals that agreed the relevant supply contract. The first step in this process is for the supplier to raise a question with the Finance Department via email to the department e-mail address [email protected]. This is also the email address that should be used for submission of supplier’s invoices to HLC (Wood Products) Limited.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2020	53	18%	32%	31 Jul 2020
H1 2019	36	21%	19%	2 Dec 2019
H1 2019	39	36%	21%	28 Mar 2019
H1 2018	46	27%	27%	28 Nov 2018
H1 2018	50	36%	31%	23 Apr 2018

Working-capital effect

What a 53-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 53-day vs a 30-day payment cycle.

≈ £21,000

of invoicing outstanding at any one time on a 53-day cycle — about £9,100 more than the same account would carry at 30-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 3 days slower over the window (50 → 53 days).

What's their typical pay point?

Their latest reports average around day 53, moving within about ±9 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 H L C (Wood Products) Limited (free)

Their next payment report is due ≈ 25 Sept 2020. 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-02040431 · latest period to 28 Feb 2020

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