Their own payment-practices filing · gov.uk
Draefern Limited paid suppliers in 24 days on average — within its stated 7–30 day terms
Their H2 2024 filing put the average 17 days past the shortest term they state (7 days), still within their 30-day upper term.
- Their stated terms
- 7–30 days
- Paid outside agreed terms
- 34% of invoices
- Paid after 61+ days
- 6%
- Reporting period
- 1 Jul 2024 – 31 Dec 2024
- Source
- their gov.uk filing, filed 12 Feb 2025
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2024 filing
Paid within their stated range — 24 against 7–30 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 12 reports
21 → 24 days — slower across the window
The read · computed from their figures
Draefern Limited's H2 2024 filing put their average at 24 days against stated terms of 7–30 days; 34% of invoices were paid outside agreed terms and 6% took 61 days or longer. Filed 12 Feb 2025.
The direction is slower: from 21 days in H1 2021 to 24 now — 3 days slower across their last 6 reports.
That is 12 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
It is company policy to agree appropriate terms of payment with each individual supplier. The majority of suppliers are paid on 30 day terms or fewer. No early settlement discounts are generally entered into. We have specific terms in place for direct limited company contractors - who are paid on the next payment run 1 week in arrears of receipts of an approved timesheet and invoice. Payment runs are carried out once a week. We work inline with the "GI Group" Code of Ethics which is published on our company website. As noted in the Fairness paragraph, we are "opposed to any practices that induce Suppliers to enter a contract that is unfavourable to them".
Dispute resolution
Supplier disputes are rare, but if a supplier does have an issue we instruct them to contact our accounts payable team on [email protected] who will seek to resolve any queries as quickly as possible. If a dispute cannot be resolved by our accounts payable team, the issue will be escalated to a senior member of our finance team, and ultimately our Finance Director.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2024 | 24 | 34% | 6% | 12 Feb 2025 |
| H1 2023 | 18 | 19% | 3% | 27 Jul 2023 |
| H2 2022 | 17 | 31% | 5% | 30 Jan 2023 |
| H1 2022 | 20 | 29% | 5% | 29 Jul 2022 |
| H2 2021 | 19 | 22% | 5% | 28 Jan 2022 |
| H1 2021 | 21 | 26% | 6% | 22 Jul 2021 |
| H2 2020 | 20 | 30% | 5% | 29 Jan 2021 |
| H1 2020 | 20 | 31% | 6% | 24 Jul 2020 |
| H2 2019 | 19 | 18% | 3% | 29 Jan 2020 |
| H1 2019 | 22 | 24% | 7% | 30 Jul 2019 |
| H2 2018 | 21 | 29% | 5% | 30 Jan 2019 |
| H1 2018 | 20 | 38% | 5% | 30 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 21 Oct 1986
- Registered office
- UNIT A THE GLASS YARD, CHESTERFIELD, S41 8JY
Illustrative · working-capital arithmetic
What a 24-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 24-day vs a 7-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 · Draefern 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-02066103 · latest period to 31 Dec 2024
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