Their own payment-practices filing · gov.uk
Garic Limited pays suppliers in 51 days on average — within its stated 7–60 day terms
Their H1 2026 filing puts the average 44 days past the shortest term they state (7 days), still within their 60-day upper term.
- Their stated terms
- 7–60 days
- Paid outside agreed terms
- 52% of invoices
- Paid after 61+ days
- 29%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 20 Jul 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid within their stated range — 51 against 7–60 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 11 reports
Holding steady around 51 days
The read · computed from their figures
Garic Limited's H1 2026 filing puts their average at 51 days against stated terms of 7–60 days; 52% of invoices were paid outside agreed terms and 29% took 61 days or longer. Filed 20 Jul 2026.
The pattern is steady — their reported average moves within about ±6 days period to period.
On the latest reported averages: Slower than 62% of the 977 large companies reporting in manufacturing.
That is 11 statutory periods on record (earliest H1 2021) — a historical record, not a promise for a new invoice.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
Shortest (or only) Standard payment period in days - Info from Standing data in Sage - predominantly Utilities Longest standard payment period in days (optional) - Info from Standing data in Sage Supplier set up form is completed using terms of 60 days from the end of the month, which are our standard AP payment terms. Set up of accounts with varying terms must be approved by the Head of Financial Services/Head of Supply Chain/Exec Board.
Dispute resolution
Invoices that do not contain a valid Purchase Order or a Purchase Order that has been fully utilised will be returned via email to the supplier with instructions of what steps to take next. Invoices in query will follow the following steps: 1. Missing GRN - Invoice won't be approved until the requisitioner on Sicon confirms the GRN - they have the notifications on Sicon and are emailed weekly by the AP team to request these be completed 2. Price/Quantity discrepancy - AP email Supplier requesting CRN, within 7 days from receipt of invoice 3. Missing Carriage - AP email Procurement to confirm if the Carriage is valid and then they will add to the PO
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 51 | 52% | 29% | 20 Jul 2026 |
| H2 2025 | 50 | 20% | 27% | 23 Jan 2026 |
| H1 2025 | 40 | 20% | 25% | 29 Jul 2025 |
| H2 2024 | 40 | 20% | 25% | 22 Jan 2025 |
| H1 2024 | 45 | 41% | 25% | 23 Jul 2024 |
| H2 2023 | 49 | 47% | 28% | 26 Jan 2024 |
| H1 2023 | 51 | 43% | 28% | 28 Jul 2023 |
| H2 2022 | 53 | 26% | 34% | 19 Jan 2023 |
| H1 2022 | 55 | 56% | 44% | 22 Jul 2022 |
| H2 2021 | 56 | 64% | 46% | 21 Jan 2022 |
| H1 2021 | 57 | 54% | 48% | 30 Jul 2021 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 12 Feb 1988
- Registered office
- 3RD FLOOR WALKER HOUSE, LIVERPOOL, L2 3YL
Illustrative · working-capital arithmetic
What a 51-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 51-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 · Garic 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-02220727 · latest period to 30 Jun 2026
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