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Their own payment-practices filing · gov.uk

Gear4Music Limited paid suppliers in 18 days on average — inside its 90-day stated terms

CRN 03113256 · Wholesale & retail trade · 9 statutory reports on record · period to 30 Sept 2022

Dated record. The latest report covers a period ending 30 Sept 2022 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
18daysavg time to pay · H2 2022

Their H2 2022 filing put the average 72 days inside their stated 90-day term.

Their stated terms
90 days
Paid outside agreed terms
11% of invoices
Paid after 61+ days
3%
Reporting period
1 Apr 2022 – 30 Sept 2022
Source
their gov.uk filing, filed 13 Feb 2023

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

Terms vs reality · their H2 2022 filing

Paid 72 days inside the 90-day term they state

The pattern · last 6 of 9 reports

15 → 18 days — slower across the window

The read · computed from their figures

Gear4Music Limited's H2 2022 filing put their average at 18 days against stated terms of 90 days; 11% of invoices were paid outside agreed terms and 3% took 61 days or longer. Filed 13 Feb 2023.

The direction is slower: from 15 days in H1 2020 to 18 now — 3 days slower across their last 6 reports.

That is 9 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

The Group does not operate a standard code in relation to payments to suppliers. The Group agrees terms of payment with suppliers at the start of business and then makes payments in accordance with contractual and other legal obligations. For stock payment terms vary from proforma to 90 days from receipt of goods; for non-stock 30-60 days from date the invoice was received.

Dispute resolution

All disputes are dealt with by the Finance and Purchasing teams who will contact the relevant supplier to resolve the query. On resolution, the supplier will be paid either in accordance with their payment terms or on the next payment run if payment is allready due.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20221811%3%13 Feb 2023
H1 20221634%3%26 Jul 2022
H2 20211624%3%26 Jul 2022
H1 20211922%7%26 Jul 2022
H2 20201527%3%2 Mar 2021
H1 20201515%2%2 Mar 2021
H2 20191414%2%25 Oct 2019
H1 20191420%3%4 Oct 2019
H1 20181612%3%2 Oct 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
12 Oct 1995
Registered office
HOLGATE PARK DRIVE, YORK, YO26 4GN
4 outstanding charges — secured borrowing registered Accounts due 31 Dec 2027

Open the full record at Companies House.

Quick answers · Gear4Music Limited

Are they getting slower or faster?
Their reported average has moved about 3 days slower over the window (15 → 18 days).
What's their typical pay point?
Their latest filed report put the average at day 18; across their last 6 reports it ranged 15–19 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-03113256 · latest period to 30 Sept 2022

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