Their own payment-practices filing · gov.uk

Zenith Vehicle Contracts Limited paid suppliers in 46 days on average — within its stated 1–60 day terms

CRN 02267701 · Administrative & support services · 6 statutory reports on record · period to 31 Mar 2023

Dated record. The latest report covers a period ending 31 Mar 2023 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

46daysavg time to pay · H1 2023

Their H1 2023 filing put the average 45 days past the shortest term they state (1 days), still within their 60-day upper term.

Their stated terms: 1–60 days
Paid outside agreed terms: 8% of invoices
Paid after 61+ days: 4%
Reporting period: 1 Sept 2022 – 31 Mar 2023
Source: their gov.uk filing, filed 28 Apr 2023

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

Terms vs reality · their H1 2023 filing

Paid within their stated range — 46 against 1–60 days

PAIDLATE · terms vs the clockdays to pay · 0–65

avg 46d

0 days65 days

reported avg 46 days their filed terms 1–60 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 18% 31–60 days 78% 61+ days 4%

Source: their statutory Payment Practices Report #70658, period 1 Sept 2022 – 31 Mar 2023, filed 28 Apr 2023 · gov.uk payment-practices service

Zenith Vehicle Contracts Limited paid within its stated range, 45 days past the shortest term. 8% of invoices still went outside agreed terms; 4% reached 61 days or more. Self-reported in their statutory H1 2023 filing.

The pattern · last 6 of 6 reports

37 → 46 days — slower across the window

PAIDLATE · the patternavg days per report

Last 6 of 6 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

9 days slower across the window. From 37 days in H2 2019 to 46 in the H1 2023 filing; the dashed line marks the 1-day term they state.

The read · computed from their figures

Zenith Vehicle Contracts Limited's H1 2023 filing put their average at 46 days against stated terms of 1–60 days; 8% of invoices were paid outside agreed terms and 4% took 61 days or longer. Filed 28 Apr 2023.

The direction is slower: from 37 days in H2 2019 to 46 now — 9 days slower across their last 6 reports.

That is 6 statutory periods on record (earliest H2 2019) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

Standard payment terms are 14 working days for the procurement of vehicles, the last working day of the following month for other vehicle related payments. Other procurements range 1 day to 60 days from invoice date in accordance with the relevant purchase order.

Dispute resolution

We have a dedicated accounts payable team that offers support and advice to our suppliers on payment practices and query resolution. Our team work in close collaboration with other key stakeholders in the business and are available between 8.45am and 5.30pm either by telephone or email. We aim to resolve all queries received from Suppliers within 48 hours and are able to make same day payments where invoices are received late or disputes are resolved.

Other information

Invoice Receipt Date We are currently unable to report on the date of receipt of invoices in this report. We have reported on the date of the invoice itself, as we consider this the most justifiable alternative. All invoices are paid to term unless they are in query but will be paid immediately on resolution of query.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2023	46	8%	4%	28 Apr 2023
H1 2022	42	5%	2%	17 Aug 2022
H1 2021	41	7%	3%	24 Aug 2021
H1 2021	37	9%	4%	14 May 2021
H1 2020	37	2%	2%	15 Jun 2020
H2 2019	37	2%	1%	3 Jan 2020

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 15 Jun 1988
Registered office: NUMBER ONE, KIRKSTALL FORGE, LS5 3BF

7 outstanding charges — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 46-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 46-day vs a 1-day payment cycle.

≈ £18,000

of invoicing outstanding at any one time on a 46-day cycle — about £17,700 more than the same account would carry at 1-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 · Zenith Vehicle Contracts Limited

Are they getting slower or faster?

Their reported average has moved about 9 days slower over the window (37 → 46 days).

What's their typical pay point?

Their latest filed report put the average at day 46; across their last 6 reports it ranged 37–46 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 Zenith Vehicle Contracts Limited (free)

They haven’t filed a payment report since 28 Apr 2023. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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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-02267701 · latest period to 31 Mar 2023

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