Their own payment-practices filing · gov.uk

Workspace Group PLC pays suppliers in 15 days on average — within its stated 7–60 day terms

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

15daysavg time to pay · H2 2025

Their H2 2025 filing puts the average 8 days past the shortest term they state (7 days), still within their 60-day upper term.

Faster than mostvs a 31-day median across 6,104 recent filers

Their stated terms: 7–60 days
Paid outside agreed terms: 39% of invoices
Paid after 61+ days: 6%
Reporting period: 1 Apr 2025 – 30 Sept 2025
Source: their gov.uk filing, filed 29 Oct 2025

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

Terms vs reality · their H2 2025 filing

Paid within their stated range — 15 against 7–60 days

PAIDLATE · terms vs the clockdays to pay · 0–65

avg 15d

0 days65 days

reported avg 15 days their filed terms 7–60 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

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

Source: their statutory Payment Practices Report #104303, period 1 Apr 2025 – 30 Sept 2025, filed 29 Oct 2025 · gov.uk payment-practices service

Workspace Group PLC pays within its stated range, 8 days past the shortest term. 39% of invoices still went outside agreed terms; 6% reached 61 days or more. Self-reported in their statutory H2 2025 filing.

The pattern · last 6 of 15 reports

19 → 15 days — getting faster

PAIDLATE · the patternavg days per report

Last 6 of 15 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

4 days faster across the window. From 19 days in H1 2023 to 15 in the H2 2025 filing; the dashed line marks the 7-day term they state.

The read · computed from their figures

Workspace Group PLC's H2 2025 filing puts their average at 15 days against stated terms of 7–60 days; 39% of invoices were paid outside agreed terms and 6% took 61 days or longer. Filed 29 Oct 2025.

The direction is faster: from 19 days in H1 2023 to 15 now — 4 days faster across their last 6 reports.

On the latest reported averages: Faster than 86% of the 73 large companies reporting in real estate.

That is 15 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.

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.

Period	Avg days	Outside terms	61+ days	Filed
H2 2025	15	39%	6%	29 Oct 2025
H1 2025	16	42%	8%	29 Apr 2025
H2 2024	15	34%	8%	28 Oct 2024
H1 2024	19	36%	13%	30 Apr 2024
H2 2023	18	32%	8%	20 Nov 2023
H1 2023	19	28%	2%	21 Apr 2023
H2 2022	22	25%	2%	18 Oct 2022
H1 2022	21	28%	3%	27 Apr 2022
H2 2021	21	22%	3%	20 Oct 2021
H1 2021	24	25%	5%	30 Apr 2021
H2 2020	22	29%	4%	19 Oct 2020
H1 2020	21	32%	4%	29 Apr 2020
H2 2019	20	35%	3%	30 Oct 2019
H1 2019	21	38%	3%	26 Apr 2019
H2 2018	22	35%	4%	30 Oct 2018

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 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 15-day cycle ties up

A worked example, not a finding. 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 (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 · Workspace Group PLC

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 filed report puts the average at day 15; across their last 6 reports it ranged 15–19 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

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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-02041612 · latest period to 30 Sept 2025

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