Their own payment-practices filing · gov.uk
Bradford & Bingley PLC paid suppliers in 53 days on average — 23 days past its stated terms
Their H1 2022 filing put the average 23 days past the 30-day term they state.
- Their stated terms
- 30 days
- Paid outside agreed terms
- 23% of invoices
- Paid after 61+ days
- 8%
- Reporting period
- 1 Oct 2021 – 31 Mar 2022
- Source
- their gov.uk filing, filed 29 Apr 2022
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2022 filing
Paid 23 days past their stated terms
Where their invoices landed · share of all invoices
The pattern · last 6 of 8 reports
24 → 53 days — slower across the window
The read · computed from their figures
Bradford & Bingley PLC's H1 2022 filing put their average at 53 days against stated terms of 30 days; 23% of invoices were paid outside agreed terms and 8% took 61 days or longer. Filed 29 Apr 2022.
The direction is slower: from 24 days in H2 2019 to 53 now — 29 days slower across their last 6 reports.
That is 8 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Invoices which are valid and properly submitted in accordance with the agreed terms and conditions of contract are payable with 30 days following the date on which the invoice is received (unless the invoice is disputed). Where appropriate, contractual provisions are included to provide the supplier with a remedy for late payment of invoices (i.e. applying interest).
Dispute resolution
Dispute resolution procedures are typically included in the contract and set out escalation procedures/default positions if disputes cannot be resolved between the contracting parties. A Potential Supplier Dispute Management process forms part of UKAR/s Procurement Policy. This process sets out how potential supplier disputes should be notified and addressed internally to ensure the right business functions are engaged.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2022 | 53 | 23% | 8% | 29 Apr 2022 |
| H2 2021 | 21 | 9% | 2% | 28 Oct 2021 |
| H1 2021 | 29 | 17% | 7% | 29 Apr 2021 |
| H2 2020 | 22 | 27% | 4% | 29 Oct 2020 |
| H1 2020 | 16 | 6% | 1% | 23 Apr 2020 |
| H2 2019 | 24 | 32% | 0% | 11 Oct 2019 |
| H1 2019 | 15 | 33% | 3% | 15 Apr 2019 |
| H2 2018 | 37 | 33% | 7% | 25 Oct 2018 |
On the public register · Companies House
Company record
- Status
- Liquidation
- Type
- Private Limited Company
- Incorporated
- 28 Feb 2000
- Registered office
- 5TH FLOOR CENTRAL SQUARE, LEEDS, LS1 4DL
Illustrative · working-capital arithmetic
What a 53-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 53-day vs a 30-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 · Bradford & Bingley PLC
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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-03938288 · latest period to 31 Mar 2022
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