Their own payment-practices filing · gov.uk
Gradus Limited paid suppliers in 42 days on average — within its stated 30–90 day terms
Their H2 2019 filing put the average 12 days past the shortest term they state (30 days), still within their 90-day upper term.
- Their stated terms
- 30–90 days
- Paid outside agreed terms
- 60% of invoices
- Paid after 61+ days
- 10%
- Reporting period
- 1 Jul 2019 – 31 Dec 2019
- Source
- their gov.uk filing, filed 12 Feb 2020
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2019 filing
Paid within their stated range — 42 against 30–90 days
Where their invoices landed · share of all invoices
The pattern · last 4 of 4 reports
48 → 42 days — faster across the window
The read · computed from their figures
Gradus Limited's H2 2019 filing put their average at 42 days against stated terms of 30–90 days; 60% of invoices were paid outside agreed terms and 10% took 61 days or longer. Filed 12 Feb 2020.
The direction is faster: from 48 days in H1 2018 to 42 now — 6 days faster across their last 4 reports.
That is 4 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 majority of our suppliers are long term relationships with established payment terms either as dictated by the supplier or negotiated by both parties. For new suppliers, Gradus engage with the supplier to agree on the payment terms. In default of agreement otherwise, the standard terms used by Gradus are 30 days end of month. The maximum payment terms agreed with a supplier during the period were 90 days end of month. Changes in payment terms are usually requested only in the case of a new relationship where initial dealings have been on a pro forma basis and we are looking to agree standard payment terms. Changes are only made on an agreed basis.
Dispute resolution
• A dispute relating to a supplier invoice will be notified to the finance department by the member of staff managing the supplier relationship • A note is made on the system that the invoice is in query and is not to be paid until resolved • The supplier will be made aware of the nature of the dispute (by the appropriate purchasing contact) and the actions required to resolve • We aim to resolve disputes as quickly as possible through dialogue with the supplier • Once dispute is resolved the invoice is passed for payment and is either placed on the next available payment run or is paid via a one-off BACS transfer if required sooner such that the contractual payment terms are still met
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2019 | 42 | 60% | 10% | 12 Feb 2020 |
| H1 2019 | 45 | 66% | 17% | 26 Jul 2019 |
| H2 2018 | 41 | 60% | 9% | 29 Jan 2019 |
| H1 2018 | 48 | 80% | 22% | 19 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 3 Aug 1987
- Registered office
- 3RD FLOOR, ALTRINCHAM, WA14 2DT
Illustrative · working-capital arithmetic
What a 42-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 42-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 · Gradus 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-02152465 · latest period to 31 Dec 2019
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