Their own payment-practices filing · gov.uk
Ibc Vehicles Limited pays suppliers in 295 days on average — 235 days past its stated terms
Their H1 2026 filing puts the average 235 days past the 60-day term they state.
- Their stated terms
- 30–60 days
- Paid outside agreed terms
- 51% of invoices
- Paid after 61+ days
- 51%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 24 Jul 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid 235 days past their stated terms
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
67 → 295 days — slowing down
The read · computed from their figures
Ibc Vehicles Limited's H1 2026 filing puts their average at 295 days against stated terms of 30–60 days; 51% of invoices were paid outside agreed terms and 51% took 61 days or longer. Filed 24 Jul 2026.
The direction is slower: from 67 days in H2 2023 to 295 now — 228 days slower across their last 6 reports.
On the latest reported averages: Slower than 100% 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.
In their own words · from the filing
Standard payment terms
The Company pays its intra-group supplier of vehicles and spare parts no earlier than 47 days (standard payment term) following the date of invoice via a weekly payment run, therefore payment may occur up to four working days after the due date. The Company’s standard third party supplier payment terms are net monthly and invoices are settled at the end of the month immediately following the month issued. This gives a minimum payment period of 30 days, a maximum of 60 days and an average of 59 days. Alternative payment terms may be negotiated on a case by case basis during contract negotiations.
Dispute resolution
The Company endeavours to resolve all disputes related to payments in a fair and timely manner. Disputed items are handled by the accounts payable team. If the dispute cannot be resolved it will be escalated to the department that entered into the business relationship with the supplier. As a last resort the dispute may be referred to the Company’s Legal Counsel.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 295 | 51% | 51% | 24 Jul 2026 |
| H2 2025 | 263 | 53% | 41% | 29 Jan 2026 |
| H1 2025 | 68 | 11% | 11% | 28 Jul 2025 |
| H2 2024 | 65 | 7% | 8% | 24 Jan 2025 |
| H1 2024 | 69 | 13% | 14% | 25 Jul 2024 |
| H2 2023 | 67 | 11% | 13% | 24 Jan 2024 |
| H1 2023 | 67 | 8% | 9% | 26 Jul 2023 |
| H2 2022 | 65 | 9% | 10% | 25 Jan 2023 |
| H1 2022 | 69 | 19% | 24% | 28 Jul 2022 |
| H2 2021 | 69 | 29% | 36% | 26 Jan 2022 |
| H1 2021 | 57 | 5% | 23% | 28 Jul 2021 |
| H2 2020 | 59 | 16% | 22% | 28 Jan 2021 |
| H1 2020 | 59 | 32% | 30% | 24 Jul 2020 |
| H2 2019 | 58 | 44% | 40% | 28 Jan 2020 |
| H1 2019 | 46 | 18% | 11% | 29 Jul 2019 |
| H2 2018 | 16 | 2% | 2% | 31 Jan 2019 |
| H1 2018 | 50 | 16% | 9% | 30 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 20 Jan 1987
- Registered office
- PINLEY HOUSE, COVENTRY, CV3 1ND
Illustrative · working-capital arithmetic
What a 295-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 295-day vs a 30-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 · Ibc Vehicles Limited
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How UK payment reporting works
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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-02091272 · latest period to 30 Jun 2026
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