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Their own payment-practices filing · gov.uk

How long does Speed Medical Examination Services Limited take to pay its suppliers?

CRN 03566725 · Health & social care · 7 statutory reports on record · period to 30 Nov 2020

133days
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.

Share
Dated record. The latest report covers a period ending 30 Nov 2020 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
19 May 1998
Registered office
SPEED MEDICAL HOUSE, CHORLEY, PR7 7NA
2 outstanding charges — secured borrowing registered Accounts due 28 Feb 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 30–360 days. Reported average: 133.

Stated terms30–360d
+103 days
Reported avg133d

At a glance

The key figures

30–360d
their stated terms
27%
invoices paid outside terms
+42d
slower over the window
±7d
variable pattern

Vs peers · latest reported averages

fasterslower
Slower than 99% of the 140 large companies reporting in health & social care.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

terms 30d
91
119
134
131
120
133
H1 2018H2 2018H1 2019H2 2019H1 2020H2 2020

Where their supplier invoices land · latest period

within 30 days 10% 31–60 days 12% 61+ days 78%

The read · computed from their figures

Speed Medical Examination Services Limited has filed 7 statutory payment periods (earliest H2 2017). Their latest report puts the average at 133 days against stated terms of 30–360 days.

The direction is slower: from 91 to 133 days over the window — about 42 days slower.

In the latest period 27% of invoices were paid outside their agreed terms, and 78% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Standard payment terms vary between suppliers. However, the most common payment terms are 90 calendar days from the end of the month in which the invoice is received.

Dispute resolution

Each dispute would be dealt with individually and by our Expert Liaison Department.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 202013327%78%10 Mar 2021
H1 202012022%80%16 Jul 2020
H2 201913147%89%16 Jul 2020
H1 201913431%91%17 Jul 2020
H2 201811927%88%16 Jul 2020
H1 20189116%65%16 Jul 2020
H2 201710931%69%16 Jul 2020

Working-capital effect

What a 133-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 133-day vs a 30-day payment cycle.

≈ £52,500
of invoicing outstanding at any one time on a 133-day cycle — about £40,600 more than the same account would carry at 30-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 42 days slower over the window (91 → 133 days).
What's their typical pay point?
Their latest reports average around day 133, moving within about ±7 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 Speed Medical Examination Services Limited (free)

Their next payment report is due ≈ 28 Jun 2021. 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 health & social care

South Coast Nursing Homes Limited · Spire Healthcare Limited · Somerset Care Limited · ST Andrew's Healthcare · Solor Care Group Limited · ST Martins Healthcare 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-03566725 · latest period to 30 Nov 2020

Verify the original Companies House file

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