Their own payment-practices filing · gov.uk

How long does Ibc Vehicles Limited take to pay its suppliers?

CRN 02091272 · Manufacturing · 17 statutory reports on record · period to 30 Jun 2026

295days

their reported average time to pay suppliers, latest period

Well behindvs a 31-day median across 6,185 recent filers

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

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

0 outstanding charges on the register Accounts due 31 Mar 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 30–60 days. Reported average: 295.

Stated terms30–60d

+265 days

Reported avg295d

At a glance

The key figures

30–60d

their stated terms

51%

invoices paid outside terms

+228d

slower over the window

±115d

variable pattern

Vs peers · latest reported averages

fasterslower

Slower than 100% of the 992 large companies reporting in manufacturing.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

terms 30d

263

295

H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 3% 31–60 days 46% 61+ days 51%

The read · computed from their figures

Ibc Vehicles Limited has filed 17 statutory payment periods (earliest H1 2018). Their latest report puts the average at 295 days against stated terms of 30–60 days.

The direction is slower: from 67 to 295 days over the window — about 228 days slower.

In the latest period 51% of invoices were paid outside their agreed terms, and 51% landed 61+ days out.

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

Working-capital effect

What a 295-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 295-day vs a 30-day payment cycle.

≈ £116,500

of invoicing outstanding at any one time on a 295-day cycle — about £104,500 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 228 days slower over the window (67 → 295 days).

What's their typical pay point?

Their latest reports average around day 295, moving within about ±115 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 Ibc Vehicles Limited (free)

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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-02091272 · latest period to 30 Jun 2026

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