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Their own payment-practices filing · gov.uk

How long does Sheffield Forgemasters Engineering Limited take to pay its suppliers?

CRN 04864216 · Manufacturing · 17 statutory reports on record · period to 31 Mar 2026

43days
their reported average time to pay suppliers, latest period
Slower than mostvs a 31-day median across 6,185 recent filers

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

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On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
12 Aug 2003
Registered office
SHEFFIELD FORGEMASTERS, SHEFFIELD, S9 2RX
5 outstanding charges — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 15 days. Reported average: 43.

Stated terms15d
+28 days
Reported avg43d

At a glance

The key figures

15d
their stated terms
15%
invoices paid outside terms
-9d
faster over the window
±5d
steady pattern

Vs peers · latest reported averages

fasterslower
Faster than 56% of the 992 large companies reporting in manufacturing.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 15d
52
48
50
45
40
43
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 35% 31–60 days 37% 61+ days 28%

The read · computed from their figures

Sheffield Forgemasters Engineering Limited has filed 17 statutory payment periods (earliest H1 2018). Their latest report puts the average at 43 days against stated terms of 15 days.

The direction is faster: from 52 to 43 days over the window — about 9 days faster.

In the latest period 15% of invoices were paid outside their agreed terms, and 28% landed 61+ days out.

What they tell their suppliers

Payment code: ASME

In their own words · from the filing

Standard payment terms

Typically 30 or 60 days depending on what is agreed with supplier. Larger value suppliers (particularly Recapitalisation project suppliers, such as Vinci Construction, McLaughlin & Harvey) have 28 day terms which drives the figure paid within 30 days.

Dispute resolution

Varies by supplier, processes not changed from previous reporting periods.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20264315%28%4 May 2026
H2 20254012%21%31 Oct 2025
H1 2025458%28%10 Jun 2025
H2 2024508%30%10 Jun 2025
H1 2024489%27%11 Jun 2024
H2 20235218%30%29 Jan 2024
H1 20235018%35%29 Jan 2024
H2 20224839%34%30 Jan 2023
H1 20224819%34%2 Aug 2022
H2 20215322%42%31 Jan 2022
H1 20215412%41%28 Jul 2021
H2 20205611%46%1 Feb 2021
H1 20204719%29%3 Aug 2020
H2 20195514%47%28 Jan 2020
H1 20195111%41%31 Jul 2019
H2 20186254%54%4 Feb 2019
H1 20185367%43%31 Jul 2018

Working-capital effect

What a 43-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 43-day vs a 15-day payment cycle.

≈ £17,000
of invoicing outstanding at any one time on a 43-day cycle — about £11,000 more than the same account would carry at 15-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act 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

Are they getting slower or faster?
Their reported average has moved about 9 days faster over the window (52 → 43 days).
What's their typical pay point?
Their latest reports average around day 43, moving within about ±5 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 Sheffield Forgemasters Engineering Limited (free)

Their next payment report is due ≈ 27 Oct 2026. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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More large companies in manufacturing

Sharps Bedrooms Limited · Sheffield Forgemasters International Limited · Sharp's Brewery Limited · Shell Chemicals U.k. Limited · Sharp Electronics (Europe) Limited · Shepherd Neame 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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-04864216 · latest period to 31 Mar 2026

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