Their own payment-practices filing · gov.uk
Spreadex Limited paid suppliers in 25 days on average — within its stated 1–305 day terms
Their H2 2023 filing put the average 24 days past the shortest term they state (1 days), still within their 305-day upper term.
- Their stated terms
- 1–305 days
- Paid outside agreed terms
- 3% of invoices
- Paid after 61+ days
- 3%
- Reporting period
- 1 Jun 2023 – 30 Nov 2023
- Source
- their gov.uk filing, filed 29 Dec 2023
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2023 filing
Paid within their stated range — 25 against 1–305 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 13 reports
Held steady around 25 days
The read · computed from their figures
Spreadex Limited's H2 2023 filing put their average at 25 days against stated terms of 1–305 days; 3% of invoices were paid outside agreed terms and 3% took 61 days or longer. Filed 29 Dec 2023.
The pattern is steady — their reported average moves within about ±1 days period to period.
That is 13 statutory periods on record (earliest H2 2017) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Spreadex do not routinely dictate payment terms to our suppliers, unless we consider those proposed by the supplier to be unreasonable. The typical payment terms are between 14-60 days from the date of the invoice.
Dispute resolution
Typically any dispute will be dealt with in the first instance by the relevant department management. Timescales for resolution vary on a case by case basis depending on the specific nature of the dispute.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2023 | 25 | 3% | 3% | 29 Dec 2023 |
| H1 2023 | 27 | 3% | 3% | 3 Jul 2023 |
| H2 2022 | 25 | 3% | 3% | 29 Dec 2022 |
| H1 2022 | 27 | 99% | 1% | 30 Jun 2022 |
| H2 2021 | 26 | 2% | 2% | 30 Dec 2021 |
| H1 2021 | 26 | 1% | 1% | 30 Jun 2021 |
| H2 2020 | 24 | 7% | 1% | 30 Dec 2020 |
| H1 2020 | 30 | 5% | 5% | 25 Jun 2020 |
| H2 2019 | 26 | 1% | 1% | 24 Dec 2019 |
| H1 2019 | 27 | 2% | 2% | 27 Jun 2019 |
| H2 2018 | 33 | 5% | 4% | 27 Dec 2018 |
| H1 2018 | 33 | 5% | 5% | 29 Jun 2018 |
| H2 2017 | 29 | 2% | 3% | 20 Dec 2017 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 25 Feb 1999
- Registered office
- CHURCHILL HOUSE, ST. ALBANS, AL1 3UU
Illustrative · working-capital arithmetic
What a 25-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 25-day vs a 1-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 · Spreadex 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-03720378 · latest period to 30 Nov 2023
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