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Their own payment-practices filing · gov.uk

How long does Workspace Group PLC take to pay its suppliers?

CRN 02041612 · Real estate · 15 statutory reports on record · period to 30 Sept 2025

15days
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
Public Limited Company
Incorporated
29 Jul 1986
Registered office
CENTRO ONE, LONDON, NW1 0DT
3 outstanding charges — secured borrowing registered Accounts due 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 7–60 days. Reported average: 15.

Stated terms7–60d
+8 days
Reported avg15d

At a glance

The key figures

7–60d
their stated terms
39%
invoices paid outside terms
-4d
faster over the window
±2d
steady pattern

Vs peers · latest reported averages

fasterslower
Faster than 86% of the 74 large companies reporting in real estate.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 7d
19
18
19
15
16
15
H1 2023H2 2023H1 2024H2 2024H1 2025H2 2025

Where their supplier invoices land · latest period

within 30 days 86% 31–60 days 8% 61+ days 6%

The read · computed from their figures

Workspace Group PLC has filed 15 statutory payment periods (earliest H2 2018). Their latest report puts the average at 15 days against stated terms of 7–60 days.

The direction is faster: from 19 to 15 days over the window — about 4 days faster.

In the latest period 39% of invoices were paid outside their agreed terms, and 6% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Purchase Order Payment terms: payment to be made- within 28/30 days from the receipt of an undisputed valid invoice.

Dispute resolution

If a dispute is received then it is reviewed by the Head of Project Management and Building Surveying along with the Building team. If any further departments are required to be included then they will at the appropriate stage. The Building team aims to come to an agreement with the contractor to resolve an issues as soon as possible. If an agreement is not received, the team will instruct external solicitors to help with achieving a satisfactory outcome, whether through negotiations, mediation and arbitration. All disputes are aimed to be settled outside of the court. https://www.workspace.co.uk/investors/sustainability/our-policies/supplier-code-of-conduct/supplier-code-of-conduct

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20251539%6%29 Oct 2025
H1 20251642%8%29 Apr 2025
H2 20241534%8%28 Oct 2024
H1 20241936%13%30 Apr 2024
H2 20231832%8%20 Nov 2023
H1 20231928%2%21 Apr 2023
H2 20222225%2%18 Oct 2022
H1 20222128%3%27 Apr 2022
H2 20212122%3%20 Oct 2021
H1 20212425%5%30 Apr 2021
H2 20202229%4%19 Oct 2020
H1 20202132%4%29 Apr 2020
H2 20192035%3%30 Oct 2019
H1 20192138%3%26 Apr 2019
H2 20182235%4%30 Oct 2018

Working-capital effect

What a 15-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 15-day vs a 7-day payment cycle.

≈ £6,000
of invoicing outstanding at any one time on a 15-day cycle — about £3,200 more than the same account would carry at 7-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 4 days faster over the window (19 → 15 days).
What's their typical pay point?
Their latest reports average around day 15, 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 Workspace Group PLC (free)

Their next payment report is due ≈ 28 Apr 2026. 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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Wirral Partnership Homes Limited · Your Homes Newcastle Limited · Wework International Limited · Your-move.co.uk Limited · Walsall Housing Group Limited · Yourlife Management Services Limited

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-02041612 · latest period to 30 Sept 2025

Verify the original Companies House file

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