Their own payment-practices filing · gov.uk

De Montfort Fine Art Limited paid suppliers in 28 days on average — within its stated 5–30 day terms

CRN 02402634 · Wholesale & retail trade · 4 statutory reports on record · period to 31 Jul 2019

Dated record. The latest report covers a period ending 31 Jul 2019 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

28daysavg time to pay · H1 2019

Their H1 2019 filing put the average 23 days past the shortest term they state (5 days), still within their 30-day upper term.

Their stated terms: 5–30 days
Paid outside agreed terms: 1% of invoices
Paid after 61+ days: 5%
Reporting period: 1 Feb 2019 – 31 Jul 2019
Source: their gov.uk filing, filed 23 Oct 2019

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

Terms vs reality · their H1 2019 filing

Paid within their stated range — 28 against 5–30 days

PAIDLATE · terms vs the clockdays to pay · 0–40

avg 28d

0 days40 days

reported avg 28 days their filed terms 5–30 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 59% 31–60 days 36% 61+ days 5%

Source: their statutory Payment Practices Report #22750, period 1 Feb 2019 – 31 Jul 2019, filed 23 Oct 2019 · gov.uk payment-practices service

De Montfort Fine Art Limited paid within its stated range, 23 days past the shortest term. 1% of invoices still went outside agreed terms; 5% reached 61 days or more. Self-reported in their statutory H1 2019 filing.

The pattern · last 4 of 4 reports

Held steady around 28 days

PAIDLATE · the patternavg days per report

Last 4 of 4 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

Steady around 28 days. Their reported average has moved within about ±1 days period to period; the dashed line marks the 5-day term they state.

The read · computed from their figures

De Montfort Fine Art Limited's H1 2019 filing put their average at 28 days against stated terms of 5–30 days; 1% of invoices were paid outside agreed terms and 5% took 61 days or longer. Filed 23 Oct 2019.

The pattern is steady — their reported average moves within about ±1 days period to period.

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

DeMontfort Fine Art's business practice is to have two payment runs to vendors a month with one on or around the 15th of the month and the other on the last working day of the month.

Dispute resolution

At DeMontfort Fine Art, we appreciate how important our vendors are to our business and we are committed to dealing with them in an open, honest, and professional manner. The main point of contact for disputes is the Purchase Ledger Team. To resolve a dispute, the vendor is required to provide any missing information, corrected invoice or credit note. If the Purchase Ledger Team are unable to resolve the dispute, the issue is escalated to the person who raised the purchase order / purchaser who is then responsible for resolving the issue. Once the dispute is resolved, we will pay the outstanding invoice on the next payment run. All queries can be emailed to [email protected]

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2019	28	1%	5%	23 Oct 2019
H1 2019	29	2%	6%	23 Oct 2019
H1 2018	27	64%	6%	29 Aug 2018
H1 2018	28	64%	7%	26 Feb 2018

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 10 Jul 1989
Registered office: DE MONTFORT HOUSE, LICHFIELD, WS14 9NW

2 outstanding charges — secured borrowing registered Accounts due 30 Apr 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 28-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 28-day vs a 5-day payment cycle.

≈ £11,000

of invoicing outstanding at any one time on a 28-day cycle — about £9,100 more than the same account would carry at 5-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 · De Montfort Fine Art Limited

Are they getting slower or faster?

Their reported average was steady — within about ±1 days period to period, around 28 days.

What's their typical pay point?

Their latest reports averaged around day 28, moving within about ±1 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 De Montfort Fine Art 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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02402634 · latest period to 31 Jul 2019

Verify the original Companies House file

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