Their own payment-practices filing · gov.uk

Smith'S (Gloucester) Limited paid suppliers in 59 days on average — within its stated 14–60 day terms

CRN 04004654 · Water & waste · 7 statutory reports on record · period to 30 Sept 2021

Dated record. The latest report covers a period ending 30 Sept 2021 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

59daysavg time to pay · H2 2021

Their H2 2021 filing put the average 45 days past the shortest term they state (14 days), still within their 60-day upper term.

Their stated terms: 14–60 days
Paid outside agreed terms: 59% of invoices
Paid after 61+ days: 54%
Reporting period: 1 Apr 2021 – 30 Sept 2021
Source: their gov.uk filing, filed 18 Oct 2021

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

Terms vs reality · their H2 2021 filing

Paid within their stated range — 59 against 14–60 days

PAIDLATE · terms vs the clockdays to pay · 0–65

avg 59d

0 days65 days

reported avg 59 days their filed terms 14–60 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 16% 31–60 days 30% 61+ days 54%

Source: their statutory Payment Practices Report #50437, period 1 Apr 2021 – 30 Sept 2021, filed 18 Oct 2021 · gov.uk payment-practices service

Smith'S (Gloucester) Limited paid within its stated range, 45 days past the shortest term. 59% of invoices still went outside agreed terms; 54% reached 61 days or more. Self-reported in their statutory H2 2021 filing.

The pattern · last 6 of 7 reports

62 → 59 days — faster across the window

PAIDLATE · the patternavg days per report

Last 6 of 7 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

3 days faster across the window. From 62 days in H1 2019 to 59 in the H2 2021 filing; the dashed line marks the 14-day term they state.

The read · computed from their figures

Smith'S (Gloucester) Limited's H2 2021 filing put their average at 59 days against stated terms of 14–60 days; 59% of invoices were paid outside agreed terms and 54% took 61 days or longer. Filed 18 Oct 2021.

The direction is faster: from 62 days in H1 2019 to 59 now — 3 days faster across their last 6 reports.

That is 7 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

labour only subcontractors are paid on 14 day terms Purchase Ledger Accounts on 60 days end of month

Dispute resolution

An email is sent to the supplier accounts team as soon as the dispute/query is recognised. This details the particular dispute and the anticipated value of any credit The invoice is placed on hold until resolution. If the dispute is not agreed by the supplier then it is referred to the buyer for agreement - any failure to agree is referred up through the chain of command to obtain resolution. All disputes are reviewed monthly.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H2 2021	59	59%	54%	18 Oct 2021
H1 2021	65	64%	60%	3 Jun 2021
H2 2020	68	67%	65%	3 Jun 2021
H1 2020	73	78%	71%	3 Jun 2021
H2 2019	71	79%	68%	3 Jun 2021
H1 2019	62	60%	54%	30 Apr 2019
H2 2018	57	44%	50%	30 Oct 2018

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 31 May 2000
Registered office: BROOK FARM, GLOUCESTER, GL2 7ND

8 outstanding charges — secured borrowing registered Accounts due 30 Jun 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 59-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 59-day vs a 14-day payment cycle.

≈ £23,500

of invoicing outstanding at any one time on a 59-day cycle — about £17,700 more than the same account would carry at 14-day terms.

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 · Smith'S (Gloucester) Limited

Are they getting slower or faster?

Their reported average has moved about 3 days faster over the window (62 → 59 days).

What's their typical pay point?

Their latest filed report put the average at day 59; across their last 6 reports it ranged 59–73 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 Smith'S (Gloucester) Limited (free)

They haven’t filed a payment report since 18 Oct 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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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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-04004654 · latest period to 30 Sept 2021

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