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Their own payment-practices filing · gov.uk

PX Limited pays suppliers in 40 days on average — 10 days past its stated terms

CRN 04373756 · Electricity & gas · 14 statutory reports on record · period to 30 Sept 2025

40daysavg time to pay · H2 2025

Their H2 2025 filing puts the average 10 days past the 30-day term they state.

Slower than mostvs a 31-day median across 6,104 recent filers
Their stated terms
30 days
Paid outside agreed terms
39% of invoices
Paid after 61+ days
11%
Reporting period
1 Apr 2025 – 30 Sept 2025
Source
their gov.uk filing, filed 31 Oct 2025

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

Terms vs reality · their H2 2025 filing

Paid 10 days past their stated terms

The pattern · last 6 of 14 reports

34 → 40 days — slowing down

The read · computed from their figures

PX Limited's H2 2025 filing puts their average at 40 days against stated terms of 30 days; 39% of invoices were paid outside agreed terms and 11% took 61 days or longer. Filed 31 Oct 2025.

The direction is slower: from 34 days in H1 2023 to 40 now — 6 days slower across their last 6 reports.

On the latest reported averages: Slower than 82% of the 158 large companies reporting in electricity & gas.

That is 14 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

5% of invoices in dispute

In their own words · from the filing

Standard payment terms

Standard payment terms are 30 days net monthly and agreed with the supplier. Other terms can be agreed with suppliers as required.

Dispute resolution

Invoice queries are handled by the Accounts Payable (AP) team. Administrative queries are resolved within the AP team with support from the Finance Manager. Technical queries are referred to the requestor of the item or service. In case of delay or absence, this can be referred to a more senior manager. Queries relating to contractual terms typically involve the Procurement & Contracts Management team. Suppliers are also invited to provide supporting information as may be required to assist and speed up resolution.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20254039%11%31 Oct 2025
H1 20253946%6%31 Oct 2025
H2 20245185%18%31 Oct 2024
H1 20243034%2%29 Apr 2024
H2 20233538%6%25 Oct 2023
H1 20233437%0%26 Apr 2023
H1 20223844%11%27 Oct 2022
H2 20213433%6%25 Oct 2021
H1 20213548%7%27 Apr 2021
H2 20203324%6%20 Oct 2020
H1 20203130%3%22 Apr 2020
H2 20193025%2%29 Oct 2019
H1 20192811%3%25 Apr 2019
H2 20183120%4%25 Oct 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
14 Feb 2002
Registered office
BOAZ HOUSE TEESDALE BUSINESS PARK, THORNABY, TS17 6EX
3 outstanding charges — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 40-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 40-day vs a 30-day payment cycle.

≈ £16,000
of invoicing outstanding at any one time on a 40-day cycle — about £3,900 more than the same account would carry at 30-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 · PX Limited

Are they getting slower or faster?
Their reported average has moved about 6 days slower over the window (34 → 40 days).
What's their typical pay point?
Their latest filed report puts the average at day 40; across their last 6 reports it ranged 30–51 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-04373756 · latest period to 30 Sept 2025

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