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Their own payment-practices filing · gov.uk

How long does Barrett Steel Limited take to pay its suppliers?

CRN 02755663 · Wholesale & retail trade · 16 statutory reports on record · period to 31 Mar 2026

72days
their reported average time to pay suppliers, latest period
Well behindvs 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
14 Oct 1992
Registered office
BARRETT HOUSE, DUDLEY HILL, BD4 9HU
27 outstanding charges — secured borrowing registered Accounts due 30 Jun 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 7–120 days. Reported average: 72.

Stated terms7–120d
+65 days
Reported avg72d

At a glance

The key figures

7–120d
their stated terms
22%
invoices paid outside terms
+5d
slower over the window
±3d
steady pattern

Vs peers · latest reported averages

fasterslower
Slower than 96% of the 819 large companies reporting in wholesale & retail trade.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

terms 7d
67
69
69
71
66
72
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 4% 31–60 days 32% 61+ days 64%

The read · computed from their figures

Barrett Steel Limited has filed 16 statutory payment periods (earliest H1 2018). Their latest report puts the average at 72 days against stated terms of 7–120 days.

The direction is slower: from 67 to 72 days over the window — about 5 days slower.

In the latest period 22% of invoices were paid outside their agreed terms, and 64% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Steel purchases – 60-90 days EOM, paid on the next payment run following due date Non-steel purchases – 30-120 days EOM, paid on the next payment run following due date We have longstanding relationships with our key suppliers. Whilst some payments made fall outside of the contractual period, we make regular payments to these suppliers on fixed days of the month which are accepted by them

Dispute resolution

Invoices in dispute will be queried by the Accounts Payable department and are documented in a Query Log. If they are unable to resolve the query, this will be referred to colleagues elsewhere in the business to resolve. Once resolved the invoice will be processed on the payment run in accordance with payment terms. If it is resolved after payment due date, the invoice will be paid on the next payment run

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20267222%64%28 Apr 2026
H2 20256617%58%28 Oct 2025
H1 20257122%63%17 Apr 2025
H2 20246920%63%28 Oct 2024
H1 20246918%61%29 Apr 2024
H2 20236717%60%27 Oct 2023
H1 20236921%61%24 Apr 2023
H2 20226825%60%21 Oct 2022
H1 20227121%62%27 Apr 2022
H2 20217126%65%26 Oct 2021
H1 20217226%67%30 Apr 2021
H1 20207594%71%22 Apr 2020
H2 20197195%66%24 Oct 2019
H1 20197289%66%29 Apr 2019
H2 20187190%66%26 Oct 2018
H1 20187285%67%30 Apr 2018

Working-capital effect

What a 72-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 72-day vs a 7-day payment cycle.

≈ £28,500
of invoicing outstanding at any one time on a 72-day cycle — about £25,600 more than the same account would carry at 7-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 5 days slower over the window (67 → 72 days).
What's their typical pay point?
Their latest reports average around day 72, moving within about ±3 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

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Their next payment report is due ≈ 27 Oct 2026. 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-02755663 · latest period to 31 Mar 2026

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