Their own payment-practices filing · gov.uk
Diesel (London) Limited paid suppliers in 98 days on average — 8 days past its stated terms
Their H1 2023 filing put the average 8 days past the 90-day term they state.
- Their stated terms
- 30–90 days
- Paid outside agreed terms
- 9% of invoices
- Paid after 61+ days
- 91%
- Reporting period
- 1 Jan 2023 – 30 Jun 2023
- Source
- their gov.uk filing, filed 20 Jul 2023
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2023 filing
Paid 8 days past their stated terms
Where their invoices landed · share of all invoices
The pattern · last 6 of 10 reports
52 → 98 days — slower across the window
The read · computed from their figures
Diesel (London) Limited's H1 2023 filing put their average at 98 days against stated terms of 30–90 days; 9% of invoices were paid outside agreed terms and 91% took 61 days or longer. Filed 20 Jul 2023.
The direction is slower: from 52 days in H1 2020 to 98 now — 46 days slower across their last 6 reports.
That is 10 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Standard payment terms is to request a minimum payment period of 30 days from trade suppliers, however if the supplier does not agree to those terms, we can arrange for alternative payment terms. Payment of each invoice is due to be made in accordance with the terms either by BACS transfer or if agreed with the supplier direct debit or cheque. Intercompany invoices have 90 days terms.
Dispute resolution
Suppliers will contact the accounts payable department via telephone or email. All matters are dealt with by the accounts payable department on a case by case basis, and where it is agreed that a supplier payment needs to be expedited a mutually acceptable approach to doing so will be agreed. We are fortunate to have good relationships with our suppliers.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2023 | 98 | 9% | 91% | 20 Jul 2023 |
| H2 2022 | 98 | 17% | 90% | 27 Jan 2023 |
| H1 2022 | 91 | 23% | 76% | 28 Jul 2022 |
| H2 2021 | 79 | 27% | 66% | 10 Mar 2022 |
| H2 2020 | 75 | 68% | 10% | 10 Feb 2021 |
| H1 2020 | 52 | 71% | 24% | 24 Aug 2020 |
| H2 2019 | 54 | 61% | 4% | 27 Jan 2020 |
| H1 2019 | 49 | 46% | 28% | 17 Jul 2019 |
| H2 2018 | 50 | 54% | 28% | 21 Jan 2019 |
| H1 2018 | 51 | 40% | 30% | 31 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 23 Dec 1994
- Registered office
- 6TH FLOOR, LONDON, EC2A 2AP
Illustrative · working-capital arithmetic
What a 98-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 98-day vs a 30-day payment cycle.
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 · Diesel (London) Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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-03005257 · latest period to 30 Jun 2023
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