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Their own payment-practices filing · gov.uk

Compco Fire Systems Limited paid suppliers in 61 days on average — within its stated 28–90 day terms

CRN 02788418 · Construction · 4 statutory reports on record · period to 31 Dec 2024

Dated record. The latest report covers a period ending 31 Dec 2024 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
61daysavg time to pay · H2 2024

Their H2 2024 filing put the average 33 days past the shortest term they state (28 days), still within their 90-day upper term.

Their stated terms
28–90 days
Paid outside agreed terms
15% of invoices
Paid after 61+ days
58%
Reporting period
1 Jul 2024 – 31 Dec 2024
Source
their gov.uk filing, filed 18 Feb 2025

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

Terms vs reality · their H2 2024 filing

Paid within their stated range — 61 against 28–90 days

The pattern · last 4 of 4 reports

Held steady around 61 days

The read · computed from their figures

Compco Fire Systems Limited's H2 2024 filing put their average at 61 days against stated terms of 28–90 days; 15% of invoices were paid outside agreed terms and 58% took 61 days or longer. Filed 18 Feb 2025.

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

That is 4 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

Small suppliers are paid 30 days and 45 days from end of month, Sub-Contract labour invoices are paid 28 days from receipt. Large suppliers are paid 60 days from end of the month.

Dispute resolution

The Procurement Team will be the first person to try and resolve a dispute, a Department Manager will then try and resolve the dispute if it hasn't been resolved. If still unresolved a Director would get involved.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20246115%58%18 Feb 2025
H1 20246110%58%1 Aug 2024
H2 20236310%62%5 Feb 2024
H2 20186240%60%30 Oct 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
10 Feb 1993
Registered office
CLEEVE HOUSE, WORCESTER, WR2 4YX
0 outstanding charges on the register Accounts due 31 Mar 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 61-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 61-day vs a 28-day payment cycle.

≈ £24,000
of invoicing outstanding at any one time on a 61-day cycle — about £13,000 more than the same account would carry at 28-day terms.

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 · Compco Fire Systems Limited

Are they getting slower or faster?
Their reported average was steady — within about ±1 days period to period, around 61 days.
What's their typical pay point?
Their latest reports averaged around day 61, 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.
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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-02788418 · latest period to 31 Dec 2024

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