Their own payment-practices filing · gov.uk

How long does Iko PLC take to pay its suppliers?

CRN 02678296 · Manufacturing · 7 statutory reports on record · period to 30 Jun 2021

36days

their reported average time to pay suppliers, latest period

Slower than mostvs a 31-day median across 6,185 recent filers

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

Dated record. The latest report covers a period ending 30 Jun 2021 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: Public Limited Company
Incorporated: 16 Jan 1992
Registered office: APPLEY LANE NORTH, WIGAN, WN6 9AB

0 outstanding charges on the register Accounts due 30 Jun 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 1–90 days. Reported average: 36.

Stated terms1–90d

+35 days

Reported avg36d

At a glance

The key figures

1–90d

their stated terms

24%

invoices paid outside terms

±1d

steady pattern

Vs peers · latest reported averages

fasterslower

Faster than 73% of the 992 large companies reporting in manufacturing.

The pattern

Holding steady

Average days to pay across their last 6 statutory reports.

terms 1d

H2 2018H1 2019H2 2019H1 2020H2 2020H1 2021

Where their supplier invoices land · latest period

within 30 days 53% 31–60 days 39% 61+ days 8%

The read · computed from their figures

Iko PLC has filed 7 statutory payment periods (earliest H1 2018). Their latest report puts the average at 36 days against stated terms of 1–90 days.

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

In the latest period 24% of invoices were paid outside their agreed terms, and 8% landed 61+ days out.

What they tell their suppliers

Offers e-invoicing

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

Working-capital effect

What a 36-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 36-day vs a 1-day payment cycle.

≈ £14,000

of invoicing outstanding at any one time on a 36-day cycle — about £13,800 more than the same account would carry at 1-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 36 days.

What's their typical pay point?

Their latest reports average around day 36, 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 Iko PLC (free)

Their next payment report is due ≈ 26 Jan 2022. 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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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-02678296 · latest period to 30 Jun 2021

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