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Their own payment-practices filing · gov.uk

Productionquest Limited paid suppliers in 35 days on average — inside its shortest stated term

CRN 04710491 · Mining & quarrying · 9 statutory reports on record · period to 30 Jun 2022

Dated record. The latest report covers a period ending 30 Jun 2022 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
35daysavg time to pay · H1 2022

Their H1 2022 filing put the average 25 days inside the shortest term they state (60 days).

Their stated terms
60–120 days
Paid outside agreed terms
21% of invoices
Paid after 61+ days
12%
Reporting period
1 Jan 2022 – 30 Jun 2022
Source
their gov.uk filing, filed 26 Jul 2022

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

Terms vs reality · their H1 2022 filing

Paid 25 days inside the 60-day term they state

The pattern · last 6 of 9 reports

55 → 35 days — faster across the window

The read · computed from their figures

Productionquest Limited's H1 2022 filing put their average at 35 days against stated terms of 60–120 days; 21% of invoices were paid outside agreed terms and 12% took 61 days or longer. Filed 26 Jul 2022.

The direction is faster: from 55 days in H2 2019 to 35 now — 20 days faster across their last 6 reports.

That is 9 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Offers e-invoicing Offers supply-chain finance

In their own words · from the filing

Standard payment terms

Standard payment terms used by ProductionQuest Limited are 120 days calculated from the date of receipt of the invoice.

Dispute resolution

Complaints from suppliers about payment should be submitted to [email protected], where the dedicated team will manage the disputes ensuring they are resolved by discussion and agreement with the supplier. In addition, Baker Hughes Vendor Portal enables companies who supply ProductionQuest Limited with goods or services to view invoice status over the internet, upon registration. This provides suppliers with the flexibility to securely check the status of invoices and remittance advice in the ProductionQuest Limited accounting system anytime.

Other information

The 21% reported as invoices due not paid within agreed terms includes 54% in respect of invoices that have been set up in the ledger with 0 days payment terms to allow these invoices to be paid on the next available payment run. These invoices therefore distort the reported figure as they are included as not being paid within agreed terms. The terms are set at 0 following management’s decision to pay these invoices on the next available payment run – the average time taken to pay these invoices is 7 days.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20223521%12%26 Jul 2022
H2 20213343%10%31 Jan 2022
H1 20213048%12%29 Jul 2021
H2 20206074%39%29 Jan 2021
H1 20204375%30%31 Jul 2020
H2 20195568%37%30 Jan 2020
H1 20195566%36%31 Jul 2019
H2 20185364%32%28 Jan 2019
H1 20185458%30%28 Jan 2019

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
25 Mar 2003
Registered office
10TH FLOOR,, LONDON, W6 8PW
0 outstanding charges on the register Accounts due 30 Sept 2027

Open the full record at Companies House.

Quick answers · Productionquest Limited

Are they getting slower or faster?
Their reported average has moved about 20 days faster over the window (55 → 35 days).
What's their typical pay point?
Their latest filed report put the average at day 35; across their last 6 reports it ranged 30–60 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-04710491 · latest period to 30 Jun 2022

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