Their own payment-practices filing · gov.uk
Marks Electrical Limited pays suppliers in 42 days on average — within its stated 30–60 day terms
Their H2 2025 filing puts the average 12 days past the shortest term they state (30 days), still within their 60-day upper term.
- Their stated terms
- 30–60 days
- Paid outside agreed terms
- 32% of invoices
- Paid after 61+ days
- 8%
- Reporting period
- 1 Apr 2025 – 30 Sept 2025
- Source
- their gov.uk filing, filed 30 Oct 2025
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2025 filing
Paid within their stated range — 42 against 30–60 days
Where their invoices landed · share of all invoices
The read · computed from their figures
Marks Electrical Limited's H2 2025 filing puts their average at 42 days against stated terms of 30–60 days; 32% of invoices were paid outside agreed terms and 8% took 61 days or longer. Filed 30 Oct 2025.
On the latest reported averages: Slower than 63% of the 815 large companies reporting in wholesale & retail trade.
That is 2 statutory periods on record (earliest H1 2025) — 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 30 days end of month, giving a blended payment days of 45 days.
Dispute resolution
Disputes typically arise due to discrepancies in either the quantity or pricing of purchased goods. If we receive an invoice that does not align with our purchase order or goods receipt, we follow one of two processes depending on the nature of the issue. For pricing discrepancies, the invoice is first referred to our buying team, who will either validate or challenge the pricing. If challenged, we compile supporting evidence for our expected price and send it to the supplier for review. The supplier may accept our position or escalate the matter for resolution between their sales team and our buying team. For quantity discrepancies, we contact the supplier directly to request a Proof of Delivery (POD). If their POD supports the invoice, we generally accept the quantity variance unless we
Other information
Payment terms vary amongst suppliers, with local suppliers like gardeners and cleaners wishing to be paid within 7 days, which we adhere to. Most of our significant stock supplier operate on 30 days end for month giving a blended payment days of 45 days.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2025 | 42 | 32% | 8% | 30 Oct 2025 |
| H1 2025 | 44 | 9% | 9% | 1 May 2025 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 18 Jun 2002
- Registered office
- 4 BOSTON ROAD, LEICESTER, LE4 1AU
Illustrative · working-capital arithmetic
What a 42-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 42-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 · Marks Electrical Limited
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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-04463433 · latest period to 30 Sept 2025
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