Their own payment-practices filing · gov.uk
Paragon Fleet Solutions Limited paid suppliers in 44 days on average — within its stated 7–60 day terms
Their H1 2019 filing put the average 37 days past the shortest term they state (7 days), still within their 60-day upper term.
- Their stated terms
- 7–60 days
- Paid outside agreed terms
- 12% of invoices
- Paid after 61+ days
- 21%
- Reporting period
- 1 Oct 2018 – 31 Mar 2019
- Source
- their gov.uk filing, filed 29 Apr 2019
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2019 filing
Paid within their stated range — 44 against 7–60 days
Where their invoices landed · share of all invoices
The read · computed from their figures
Paragon Fleet Solutions Limited's H1 2019 filing put their average at 44 days against stated terms of 7–60 days; 12% of invoices were paid outside agreed terms and 21% took 61 days or longer. Filed 29 Apr 2019.
That is 2 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Standard payment terms are either 30 days or 45 days end of month following the invoice date. Payment terms outside of standard terms may be agreed if this provides mutual commercial benefit. The Company makes payments on a weekly basis. As a result, payments may be received by the supplier shortly after the due date. If a payment falls due on a bank holiday or weekend, payments will be issued in the next payment cycle. For contracted labour, payments are made on 14 day terms due to nature of the service provided. There are a number of suppliers who are paid by regular direct debit. In order for payments to be made in line with payment terms, invoices must include the purchase order number, and all other required documents must also be provided. Standard payment terms as report
Dispute resolution
Disputes should be raised in the first instance with the Accounts Payable team by email to [email protected]. The team will investigate within 5 working days and a response will then be issued to the supplier. Should this team be unable to resolve a dispute, they would refer to the supplier’s applicable contract, which will inform the procedure to be followed to resolve a dispute. Although the Company aims to resolve queries with suppliers in a timely manner, the actual timescale for resolution will vary depending on the underlying query.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2019 | 44 | 12% | 21% | 29 Apr 2019 |
| H2 2018 | 40 | 88% | 24% | 26 Oct 2018 |
Illustrative · working-capital arithmetic
What a 44-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 44-day vs a 7-day payment cycle.
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 · Paragon Fleet Solutions Limited
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Is this official government data?
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-02638543 · latest period to 31 Mar 2019
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