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Their own payment-practices filing · gov.uk

How long does Pib Risk Services Limited take to pay its suppliers?

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

23days
their reported average time to pay suppliers, latest period
Faster than mostvs a 31-day median across 6,185 recent filers

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

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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 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 0–30 days. Reported average: 23.

Stated terms0–30d
+23 days
Reported avg23d

At a glance

The key figures

0–30d
their stated terms
42%
invoices paid outside terms
-4d
faster over the window
±1d
steady pattern

Vs peers · latest reported averages

fasterslower
Slower than 53% of the 661 large companies reporting in financial services.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

27
25
25
23
25
23
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 79% 31–60 days 20% 61+ days 1%

The read · computed from their figures

Pib Risk Services Limited has filed 12 statutory payment periods (earliest H2 2020). Their latest report puts the average at 23 days against stated terms of 0–30 days.

The direction is faster: from 27 to 23 days over the window — about 4 days faster.

In the latest period 42% of invoices were paid outside their agreed terms, and 1% landed 61+ days out.

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

Working-capital effect

What a 23-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 23-day vs a 0-day payment cycle.

≈ £9,000
of invoicing outstanding at any one time on a 23-day cycle — about £9,100 more than the same account would carry at 0-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 has moved about 4 days faster over the window (27 → 23 days).
What's their typical pay point?
Their latest reports average around day 23, 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 Pib Risk Services Limited (free)

Their next payment report is due ≈ 26 Jan 2027. 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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More large companies in financial services

Phoenix Wealth Services Limited · Pimco Europe Ltd · Phoenix Life Limited · Pine Walk Capital Limited · Phoenix Life Holdings Limited · Pinnacle Insurance PLC

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-02682789 · latest period to 30 Jun 2026

Verify the original Companies House file

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