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Their own payment-practices filing · gov.uk

Angel Springs Limited paid suppliers in 46 days on average — 1 day past its stated terms

CRN 02418453 · Accommodation & food · 3 statutory reports on record · period to 30 Jun 2019

Dated record. The latest report covers a period ending 30 Jun 2019 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 2019

Their H1 2019 filing put the average 1 day past the 45-day term they state.

Their stated terms
30–45 days
Paid outside agreed terms
67% of invoices
Paid after 61+ days
39%
Reporting period
1 Jan 2019 – 30 Jun 2019
Source
their gov.uk filing, filed 15 Aug 2019

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

Terms vs reality · their H1 2019 filing

Paid 1 day past their stated terms

The pattern · last 3 of 3 reports

55 → 46 days — faster across the window

The read · computed from their figures

Angel Springs Limited's H1 2019 filing put their average at 46 days against stated terms of 30–45 days; 67% of invoices were paid outside agreed terms and 39% took 61 days or longer. Filed 15 Aug 2019.

The direction is faster: from 55 days in H1 2018 to 46 now — 9 days faster across their last 3 reports.

That is 3 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

Standard contractual terms for goods and services are 45 days from end of month in which they are received.

Dispute resolution

The main point of contact for disputes is the accounts payable department, when an invoice is disputed, the supplier will receive an e mail, indicating the invoice number and reason for rejection. To resolve a dispute the supplier is required to provide any missing information or a corrected invoice. Orders should not be placed without a PO number and authorisation. The PO number is communicated to the supplier at the time of placing the order.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20194667%39%15 Aug 2019
H2 20186061%31%31 Jan 2019
H1 20185530%30%30 Jul 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
31 Aug 1989
Registered office
FOURTH FLOOR ABBOTS HOUSE, READING, RG1 3BD
1 outstanding charge — 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 30-day payment cycle.

≈ £18,000
of invoicing outstanding at any one time on a 46-day cycle — about £6,300 more than the same account would carry at 30-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 · Angel Springs Limited

Are they getting slower or faster?
Their reported average has moved about 9 days faster over the window (55 → 46 days).
What's their typical pay point?
Their latest filed report put the average at day 46; across their last 3 reports it ranged 46–60 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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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-02418453 · latest period to 30 Jun 2019

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