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Their own payment-practices filing · gov.uk

How long does Gear4music Limited take to pay its suppliers?

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

18days
their reported average time to pay suppliers, latest period
Faster than mostvs a 31-day median across 6,185 recent filers

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

Share
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.

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.

Terms vs reality

Stated terms: 0–90 days. Reported average: 18.

Stated terms0–90d
+18 days
Reported avg18d

At a glance

The key figures

0–90d
their stated terms
11%
invoices paid outside terms
+3d
slower over the window
±2d
steady pattern

Vs peers · latest reported averages

fasterslower
Faster than 92% of the 819 large companies reporting in wholesale & retail trade.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

15
15
19
16
16
18
H1 2020H2 2020H1 2021H2 2021H1 2022H2 2022

Where their supplier invoices land · latest period

within 30 days 87% 31–60 days 10% 61+ days 3%

The read · computed from their figures

Gear4music Limited has filed 9 statutory payment periods (earliest H1 2018). Their latest report puts the average at 18 days against stated terms of 0–90 days.

The direction is slower: from 15 to 18 days over the window — about 3 days slower.

In the latest period 11% of invoices were paid outside their agreed terms, and 3% landed 61+ days out.

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

Working-capital effect

What a 18-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 18-day vs a 0-day payment cycle.

≈ £7,000
of invoicing outstanding at any one time on a 18-day cycle — about £7,100 more than the same account would carry at 0-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 3 days slower over the window (15 → 18 days).
What's their typical pay point?
Their latest reports average around day 18, moving within about ±2 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 Gear4music Limited (free)

Their next payment report is due ≈ 28 Apr 2023. 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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More large companies in wholesale & retail trade

Ge Medical Systems Limited · Gefco U.k. Limited · Garmin (Europe) Limited · General Mills UK Limited · Gardners Books Limited · Gerard Mann Limited

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-03113256 · latest period to 30 Sept 2022

Verify the original Companies House file

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