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Their own payment-practices filing · gov.uk

Pib Risk Services Limited pays suppliers in 23 days on average — inside its 30-day stated terms

CRN 02682789 · Financial services · 12 statutory reports on record · period to 30 Jun 2026

23daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 7 days inside their stated 30-day term.

Faster than mostvs a 31-day median across 6,104 recent filers
Their stated terms
30 days
Paid outside agreed terms
42% of invoices
Paid after 61+ days
1%
Reporting period
1 Jan 2026 – 30 Jun 2026
Source
their gov.uk filing, filed 27 Jul 2026

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

Terms vs reality · their H1 2026 filing

Paid 7 days inside the 30-day term they state

The pattern · last 6 of 12 reports

27 → 23 days — getting faster

The read · computed from their figures

Pib Risk Services Limited's H1 2026 filing puts their average at 23 days against stated terms of 30 days; 42% of invoices were paid outside agreed terms and 1% took 61 days or longer. Filed 27 Jul 2026.

The direction is faster: from 27 days in H2 2023 to 23 now — 4 days faster across their last 6 reports.

On the latest reported averages: Slower than 53% of the 638 large companies reporting in financial services.

That is 12 statutory periods on record (earliest H2 2020) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

Where possible, PIB Risk Services Ltd always look to adhere to any payment terms specified on supplier's invoices. When invoices do not specify, we apply our standard terms which are 30 days from the date the invoice was received.

Dispute resolution

Invoices are processed onto the general ledger system, these are then sent for approval using a workflow. If an invoice is queried, it is rejected by the approver with the reason for rejection. The supplier is then contacted by the AP team orby the approver and then once corrected it is re-submitted for approval.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20262342%1%27 Jul 2026
H2 20252551%0%28 Jan 2026
H1 20252340%1%29 Jul 2025
H2 20242543%1%23 Jan 2025
H1 20242543%1%22 Jul 2024
H2 20232753%1%29 Jan 2024
H1 20231348%0%14 Jul 2023
H2 20222153%5%25 Jan 2023
H1 20222967%6%26 Jul 2022
H2 20212544%2%31 Jan 2022
H1 20212024%1%26 Nov 2021
H2 20202432%2%26 Nov 2021

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
30 Jan 1992
Registered office
ROSSINGTON'S BUSINESS PARK, RETFORD, DN22 7SW
1 outstanding charge — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Quick answers · Pib Risk Services Limited

Are they getting slower or faster?
Their reported average has moved about 4 days faster over the window (27 → 23 days).
What's their typical pay point?
Their latest filed report puts the average at day 23; across their last 6 reports it ranged 23–27 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-02682789 · latest period to 30 Jun 2026

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