Their own payment-practices filing · gov.uk

How long does Joules Limited take to pay its suppliers?

CRN 02934327 · Wholesale & retail trade · 10 statutory reports on record · period to 29 May 2022

63days

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.

Dated record. The latest report covers a period ending 29 May 2022 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: Liquidation
Type: Private Limited Company
Incorporated: 31 May 1994
Registered office: C/O INTERPATH LTD, LONDON, EC4M 7RB

3 outstanding charges — secured borrowing registered Accounts due 28 Feb 2023

Open the full record at Companies House.

Terms vs reality

Stated terms: 7 days. Reported average: 63.

Stated terms7d

+56 days

Reported avg63d

At a glance

The key figures

their stated terms

54%

invoices paid outside terms

+13d

slower over the window

±5d

steady pattern

Vs peers · latest reported averages

fasterslower

Slower than 91% 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

H2 2019H1 2020H2 2020H1 2021H2 2021H1 2022

Where their supplier invoices land · latest period

within 30 days 34% 31–60 days 30% 61+ days 36%

The read · computed from their figures

Joules Limited has filed 10 statutory payment periods (earliest H2 2017). Their latest report puts the average at 63 days against stated terms of 7 days.

The direction is slower: from 50 to 63 days over the window — about 13 days slower.

In the latest period 54% of invoices were paid outside their agreed terms, and 36% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Joules Limited does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most common payment terms of invoices paid in the period is net 7 days.

Dispute resolution

Disputes are resolved by negotiation involving the relevant parties - accounts payable and credit control departments; buying and sales teams.

Other information

Joules Limited seeks to pay all suppliers within agreed payment terms and on time subject to receiving the invoice and accurate supporting information in a timely manner.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2022	63	54%	36%	28 Jun 2022
H2 2021	56	45%	29%	24 Dec 2021
H1 2021	59	37%	45%	1 Jul 2021
H2 2020	65	39%	46%	22 Dec 2020
H1 2020	54	51%	24%	24 Jun 2020
H2 2019	50	39%	25%	23 Dec 2019
H1 2019	46	45%	14%	1 Jul 2019
H2 2018	41	45%	11%	21 Dec 2018
H1 2018	30	40%	8%	20 Jun 2018
H2 2017	29	43%	10%	20 Dec 2017

Working-capital effect

What a 63-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 63-day vs a 7-day payment cycle.

≈ £25,000

of invoicing outstanding at any one time on a 63-day cycle — about £22,100 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 13 days slower over the window (50 → 63 days).

What's their typical pay point?

Their latest reports average around day 63, moving within about ±5 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 Joules Limited (free)

Their next payment report is due ≈ 25 Dec 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-02934327 · latest period to 29 May 2022

Verify the original Companies House file

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