Their own payment-practices filing · gov.uk

Timico Limited paid suppliers in 41 days on average — 11 days past its stated terms

CRN 04841830 · Information & communication · 3 statutory reports on record · period to 30 Jun 2019

Dated record. The latest report covers a period ending 30 Jun 2019 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

41daysavg time to pay · H1 2019

Their H1 2019 filing put the average 11 days past the 30-day term they state.

Their stated terms: 30 days
Paid outside agreed terms: 56% of invoices
Paid after 61+ days: 12%
Reporting period: 1 Jan 2019 – 30 Jun 2019
Source: their gov.uk filing, filed 7 Aug 2019

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

Terms vs reality · their H1 2019 filing

Paid 11 days past their stated terms

PAIDLATE · terms vs the clockdays to pay · 0–45

avg 41d

0 days45 days

reported avg 41 days their filed terms 30 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 60% 61+ days 12%

Source: their statutory Payment Practices Report #21065, period 1 Jan 2019 – 30 Jun 2019, filed 7 Aug 2019 · gov.uk payment-practices service

Timico Limited paid 11 days past its own stated terms. 56% of invoices still went outside agreed terms; 12% reached 61 days or more. Self-reported in their statutory H1 2019 filing.

The pattern · last 3 of 3 reports

Held steady around 41 days

PAIDLATE · the patternavg days per report

Last 3 of 3 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

Steady around 41 days. Their reported average has moved within about ±1 days period to period; the dashed line marks the 30-day term they state.

The read · computed from their figures

Timico Limited's H1 2019 filing put their average at 41 days against stated terms of 30 days; 56% of invoices were paid outside agreed terms and 12% took 61 days or longer. Filed 7 Aug 2019.

The pattern is steady — their reported average moves within about ±1 days period to period.

That is 3 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

Timico Limited agrees specific payment terms with suppliers. In the absence of agreed payment terms, Timico Limited's standard payment terms are 30 days.

Dispute resolution

Timico Limited is committed to acting fairly and with integrity in its dealing with suppliers. All invoices should be sent to [email protected] and in the event of a dispute on an invoice the main point of contact is the purchase ledger department. To resolve a dispute, Timico Limited will follow the supplier's procedure for reporting the dispute. The supplier is then required to provide any missing information or to issue a corrected invoice/credit note in a timely manner. If there is further dispute on the payment of the invoice, there is an escalation process to senior finance management and in occasional circumstances, this may be referred to our legal team.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2019	41	56%	12%	7 Aug 2019
H2 2018	42	56%	11%	17 Jul 2019
H1 2018	41	51%	9%	27 Jul 2018

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 23 Jul 2003
Registered office: BRUNEL BUSINESS PARK, NEWARK, NG24 2AG

1 outstanding charge — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 41-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 41-day vs a 30-day payment cycle.

≈ £16,000

of invoicing outstanding at any one time on a 41-day cycle — about £4,300 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 · Timico Limited

Are they getting slower or faster?

Their reported average was steady — within about ±1 days period to period, around 41 days.

What's their typical pay point?

Their latest reports averaged around day 41, moving within about ±1 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 Timico Limited (free)

They haven’t filed a payment report since 7 Aug 2019. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

You’ll get a confirmation email first. Unsubscribe any time. How we handle your address.

More large companies in information & communication

Tiger Aspect Productions Limited · TM Publishing 1 PLC · Thoughtworks, Ltd · TNT Sports Broadcasting Limited · Thought Machine Group Limited · Towers Watson Software Limited

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-04841830 · latest period to 30 Jun 2019

Verify the original Companies House file

Built by YORXEN LTD · registered in England & Wales · CRN 17303256 · privacy · terms.