Their own payment-practices filing · gov.uk
Iko PLC paid suppliers in 36 days on average — within its stated 1–90 day terms
Their H1 2021 filing put the average 35 days past the shortest term they state (1 days), still within their 90-day upper term.
- Their stated terms
- 1–90 days
- Paid outside agreed terms
- 24% of invoices
- Paid after 61+ days
- 8%
- Reporting period
- 1 Jan 2021 – 30 Jun 2021
- Source
- their gov.uk filing, filed 21 Jul 2021
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2021 filing
Paid within their stated range — 36 against 1–90 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 7 reports
Held steady around 36 days
The read · computed from their figures
Iko PLC's H1 2021 filing put their average at 36 days against stated terms of 1–90 days; 24% of invoices were paid outside agreed terms and 8% took 61 days or longer. Filed 21 Jul 2021.
The pattern is steady — their reported average moves within about ±1 days period to period.
That is 7 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
60 days month following 90 days date of invoice
Dispute resolution
If there is a dispute on the content of an invoice, the purchase department or the buyer will inform the supplier about the dispute and will if possible also suggest a solution. Once agreed, a credit note will need to be issued for the partial or full amount of the invoice. the original invoice will be paid after deduction of the Credit note. If there is a Dispute with regards to the legal or tax compliance of an invoice (form), then the Accounts Payable department will notify the supplier and request for correction. This can be credit note and a new invoice depending on the nature of the issue or concern.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2021 | 36 | 24% | 8% | 21 Jul 2021 |
| H2 2020 | 36 | 23% | 8% | 21 Jan 2021 |
| H1 2020 | 36 | 17% | 7% | 14 Jul 2020 |
| H2 2019 | 35 | 20% | 7% | 23 Jan 2020 |
| H1 2019 | 35 | 22% | 6% | 23 Jul 2019 |
| H2 2018 | 34 | 21% | 10% | 30 Jan 2019 |
| H1 2018 | 35 | 34% | 11% | 30 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Public Limited Company
- Incorporated
- 16 Jan 1992
- Registered office
- APPLEY LANE NORTH, WIGAN, WN6 9AB
Illustrative · working-capital arithmetic
What a 36-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 36-day vs a 1-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 · Iko PLC
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
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-02678296 · latest period to 30 Jun 2021
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