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Their own payment-practices filing · gov.uk

Grey Technology Limited paid suppliers in 38 days on average

CRN 04320113 · Professional & technical services · 5 statutory reports on record · period to 31 May 2022

Dated record. The latest report covers a period ending 31 May 2022 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
38daysavg time to pay · H1 2022

Their H1 2022 filing put the average at 38 days, with 65% of invoices paid outside the terms they agreed.

Paid outside agreed terms
65% of invoices
Paid after 61+ days
17%
Reporting period
1 Dec 2021 – 31 May 2022
Source
their gov.uk filing, filed 15 Jun 2022

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

Terms vs reality · their H1 2022 filing

Where 38 days sits on the clock

The pattern · last 5 of 5 reports

Held steady around 38 days

The read · computed from their figures

Grey Technology Limited's H1 2022 filing put their average at 38 days; 65% of invoices were paid outside agreed terms and 17% took 61 days or longer. Filed 15 Jun 2022.

The pattern is steady — their reported average moves within about ±4 days period to period.

That is 5 statutory periods on record (earliest H1 2020) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

our standard payment terms are 60days, whilst Gtechs standard payment terms of 60 days are requested, some suppliers do not agree to this, other payment terms set at Immediate payment/ 7 days based on product and company/30 days/ 30 days EOM / 60 Days

Dispute resolution

Stock - If there is a shortage of stock the supplier is informed and asked to provide a credit or send the missing items on the next shipment before payment is made. Non Stock - any disputes are raised with the supplier as soon as recognised, payment is usually withheld until resolved

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20223865%17%15 Jun 2022
H2 20214371%24%23 Dec 2021
H1 20214670%28%18 Jun 2021
H2 20204672%31%23 Dec 2020
H1 20204068%22%9 Dec 2020

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
9 Nov 2001
Registered office
G-TECH BRINDLEY ROAD, WORCESTER, WR4 9FB
1 outstanding charge — secured borrowing registered Accounts due 30 Nov 2026

Open the full record at Companies House.

Quick answers · Grey Technology Limited

Are they getting slower or faster?
Their reported average was steady — within about ±4 days period to period, around 38 days.
What's their typical pay point?
Their latest reports averaged around day 38, moving within about ±4 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.
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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-04320113 · latest period to 31 May 2022

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