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Their own payment-practices filing · gov.uk

How long does De Montfort Fine Art Limited take to pay its suppliers?

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

28days
their reported average time to pay suppliers, latest period
Faster than mostvs a 31-day median across 6,185 recent filers

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

Share
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.

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
1 outstanding charge — secured borrowing registered Accounts due 30 Apr 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 5–30 days. Reported average: 28.

Stated terms5–30d
+23 days
Reported avg28d

At a glance

The key figures

5–30d
their stated terms
1%
invoices paid outside terms
±1d
steady pattern

Vs peers · latest reported averages

fasterslower
Faster than 75% of the 819 large companies reporting in wholesale & retail trade.

The pattern

Holding steady

Average days to pay across their last 4 statutory reports.

terms 5d
28
27
29
28
H1 2018H1 2018H1 2019H1 2019

Where their supplier invoices land · latest period

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

The read · computed from their figures

De Montfort Fine Art Limited has filed 4 statutory payment periods (earliest H1 2018). Their latest report puts the average at 28 days against stated terms of 5–30 days.

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

In the latest period 1% of invoices were paid outside their agreed terms, and 5% landed 61+ days out.

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.

PeriodAvg daysOutside terms61+ daysFiled
H1 2019281%5%23 Oct 2019
H1 2019292%6%23 Oct 2019
H1 20182764%6%29 Aug 2018
H1 20182864%7%26 Feb 2018

Working-capital effect

What a 28-day cycle ties up

Illustrative. 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 Act 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

Are they getting slower or faster?
Their reported average is steady — within about ±1 days period to period, around 28 days.
What's their typical pay point?
Their latest reports average 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)

Their next payment report is due ≈ 26 Feb 2020. 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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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 6,185 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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