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Their own payment-practices filing · gov.uk

Lincs. Electrical Wholesalers Limited pays suppliers in 68 days on average — 8 days past its stated terms

CRN 02262735 · Wholesale & retail trade · 10 statutory reports on record · period to 31 Aug 2026

68daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 8 days past the 60-day term they state.

Well behindvs a 31-day median across 6,104 recent filers
Their stated terms
60 days
Paid outside agreed terms
1% of invoices
Paid after 61+ days
71%
Reporting period
1 Mar 2026 – 31 Aug 2026
Source
their gov.uk filing, filed 2 Sept 2026

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

Terms vs reality · their H1 2026 filing

Paid 8 days past their stated terms

The pattern · last 6 of 10 reports

71 → 68 days — getting faster

The read · computed from their figures

Lincs. Electrical Wholesalers Limited's H1 2026 filing puts their average at 68 days against stated terms of 60 days; 1% of invoices were paid outside agreed terms and 71% took 61 days or longer. Filed 2 Sept 2026.

The direction is faster: from 71 days in H1 2024 to 68 now — 3 days faster across their last 6 reports.

On the latest reported averages: Slower than 94% of the 815 large companies reporting in wholesale & retail trade.

That is 10 statutory periods on record (earliest H1 2022) — a historical record, not a promise for a new invoice.

What they tell their suppliers

100% of invoices in dispute

In their own words · from the filing

Standard payment terms

No standard terms of payment. Terms are agreed with each individual supplier. The most common term agreed is 60 days end of month.

Dispute resolution

Debit notes are used to deal with disputes. These are raised and issued to the supplier. Any supplier that does not agree with a debit note must contact head office accounts to discuss/resolve.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2026681%71%2 Sept 2026
H1 2026683%72%17 Mar 2026
H1 2025703%70%12 Sept 2025
H1 2025692%70%7 Mar 2025
H1 2024692%70%13 Sept 2024
H1 2024712%66%20 Mar 2024
H1 2023693%69%25 Sept 2023
H1 2023682%69%27 Mar 2023
H1 2022673%72%23 Jan 2023
H1 2022673%72%23 Jan 2023

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
27 May 1988
Registered office
2 SOMERBY WAY, GAINSBOROUGH, DN21 1QT
3 outstanding charges — secured borrowing registered Accounts due 31 May 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 68-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 68-day vs a 60-day payment cycle.

≈ £27,000
of invoicing outstanding at any one time on a 68-day cycle — about £3,200 more than the same account would carry at 60-day terms.

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 · Lincs. Electrical Wholesalers Limited

Are they getting slower or faster?
Their reported average has moved about 3 days faster over the window (71 → 68 days).
What's their typical pay point?
Their latest filed report puts the average at day 68; across their last 6 reports it ranged 68–71 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.
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More large companies in wholesale & retail trade

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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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02262735 · latest period to 31 Aug 2026

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