Their own payment-practices filing · gov.uk

Richard Wellock & Sons Limited pays suppliers in 33 days on average — 26 days past its stated terms

CRN 04296795 · Wholesale & retail trade · 17 statutory reports on record · period to 25 Apr 2026

33daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 26 days past the 7-day term they state.

Around averagevs a 31-day median across 6,104 recent filers

Their stated terms: 7 days
Paid outside agreed terms: 13% of invoices
Paid after 61+ days: 2%
Reporting period: 26 Oct 2025 – 25 Apr 2026
Source: their gov.uk filing, filed 22 May 2026

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

Terms vs reality · their H1 2026 filing

Paid 26 days past their stated terms

PAIDLATE · terms vs the clockdays to pay · 0–40

avg 33d

0 days40 days

reported avg 33 days their filed terms 7 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 28% 31–60 days 70% 61+ days 2%

Source: their statutory Payment Practices Report #111974, period 26 Oct 2025 – 25 Apr 2026, filed 22 May 2026 · gov.uk payment-practices service

Richard Wellock & Sons Limited pays 26 days past its own stated terms. 13% of invoices still went outside agreed terms; 2% reached 61 days or more. Self-reported in their statutory H1 2026 filing.

The pattern · last 6 of 17 reports

47 → 33 days — getting faster

PAIDLATE · the patternavg days per report

Last 6 of 17 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

14 days faster across the window. From 47 days in H2 2023 to 33 in the H1 2026 filing; the dashed line marks the 7-day term they state.

The read · computed from their figures

Richard Wellock & Sons Limited's H1 2026 filing puts their average at 33 days against stated terms of 7 days; 13% of invoices were paid outside agreed terms and 2% took 61 days or longer. Filed 22 May 2026.

The direction is faster: from 47 days in H2 2023 to 33 now — 14 days faster across their last 6 reports.

On the latest reported averages: Faster than 62% of the 815 large companies reporting in wholesale & retail trade.

That is 17 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

We will pay all suppliers within 45 days of receiving invoices, unless otherwise agreed in advance and in writing.

Dispute resolution

We actively contact our suppliers to raise queries and questions with them by email and phone. A lot of our suppliers are long term relationships and we always work with one and another to agree the best ways forward where a dispute arises.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2026	33	13%	2%	22 May 2026
H2 2025	33	13%	2%	21 Nov 2025
H1 2025	33	11%	1%	30 May 2025
H2 2024	37	8%	17%	20 Nov 2024
H1 2024	48	12%	9%	24 May 2024
H2 2023	47	16%	9%	24 Nov 2023
H1 2023	45	66%	11%	26 May 2023
H2 2022	39	44%	6%	30 Nov 2022
H1 2022	37	36%	5%	23 May 2022
H2 2021	37	39%	3%	15 Nov 2021
H1 2021	35	42%	4%	21 May 2021
H2 2020	36	43%	4%	22 Dec 2020
H1 2020	30	19%	1%	22 Dec 2020
H2 2019	25	17%	1%	22 Dec 2020
H1 2019	26	18%	0%	27 May 2019
H2 2018	31	46%	1%	26 Nov 2018
H2 2017	38	100%	0%	8 Apr 2018

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 1 Oct 2001
Registered office: THE RIVERSIDE BUILDING, HESSLE, HU13 0DZ

1 outstanding charge — secured borrowing registered Accounts due 31 Jan 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 33-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 33-day vs a 7-day payment cycle.

≈ £13,000

of invoicing outstanding at any one time on a 33-day cycle — about £10,200 more than the same account would carry at 7-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 · Richard Wellock & Sons Limited

Are they getting slower or faster?

Their reported average has moved about 14 days faster over the window (47 → 33 days).

What's their typical pay point?

Their latest filed report puts the average at day 33; across their last 6 reports it ranged 33–48 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 Richard Wellock & Sons Limited (free)

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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-04296795 · latest period to 25 Apr 2026

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