Their own payment-practices filing · gov.uk
Invertek Drives Limited paid suppliers in 72 days on average — within its stated 14–120 day terms
Their H1 2025 filing put the average 58 days past the shortest term they state (14 days), still within their 120-day upper term.
- Their stated terms
- 14–120 days
- Paid outside agreed terms
- 70% of invoices
- Paid after 61+ days
- 40%
- Reporting period
- 1 Jan 2025 – 30 Jun 2025
- Source
- their gov.uk filing, filed 30 Jul 2025
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2025 filing
Paid within their stated range — 72 against 14–120 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 15 reports
Held steady around 72 days
The read · computed from their figures
Invertek Drives Limited's H1 2025 filing put their average at 72 days against stated terms of 14–120 days; 70% of invoices were paid outside agreed terms and 40% took 61 days or longer. Filed 30 Jul 2025.
The pattern is steady — their reported average moves within about ±4 days period to period.
That is 15 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
Our most common payment terms for goods are 30 days end of month, although a portion of our suppliers grant us terms of 60 days, and a very small number of suppliers permit longer terms. Many invoices for services are usually paid within 14 days.
Dispute resolution
Invoice discrepancies are raised with the supplier as soon as they are noted. The supplier payment run is a continuous daily process and maintain a regular dialogue with our suppliers to ensure all that discrepancies are resolved as quickly as possible.
Other information
Supplier invoices are matched to purchase orders and goods received notes. If supplier invoices cannot be perfectly matched to goods received notes then we resolve differences with the supplier before processing and paying.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2025 | 72 | 70% | 40% | 30 Jul 2025 |
| H2 2024 | 76 | 42% | 62% | 5 Jun 2025 |
| H1 2024 | 68 | 46% | 53% | 5 Jun 2025 |
| H2 2023 | 69 | 35% | 32% | 5 Jun 2025 |
| H1 2023 | 65 | 38% | 56% | 5 Jun 2025 |
| H2 2022 | 73 | 36% | 65% | 5 Jun 2025 |
| H1 2022 | 63 | 28% | 39% | 5 Jun 2025 |
| H2 2021 | 69 | 34% | 44% | 5 Jun 2025 |
| H1 2021 | 79 | 37% | 60% | 5 Jun 2025 |
| H2 2020 | 61 | 35% | 47% | 5 Jun 2025 |
| H1 2020 | 80 | 39% | 58% | 5 Jun 2025 |
| H2 2019 | 72 | 34% | 38% | 5 Jun 2025 |
| H1 2019 | 73 | 44% | 69% | 5 Jun 2025 |
| H2 2018 | 75 | 47% | 89% | 5 Jun 2025 |
| H1 2018 | 75 | 36% | 58% | 5 Jun 2025 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 5 Feb 1998
- Registered office
- OFFA'S DYKE BUSINESS PARK, POWYS, SY21 8JF
Illustrative · working-capital arithmetic
What a 72-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 72-day vs a 14-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 · Invertek Drives 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-03504834 · latest period to 30 Jun 2025
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