Their own payment-practices filing · gov.uk

How long does Readie Construction Limited take to pay its suppliers?

CRN 06069233 · Construction · 1 statutory report on record · period to 30 Sept 2021

32days

their reported average time to pay suppliers, latest period

Around averagevs a 31-day median across 6,185 recent filers

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

Dated record. The latest report covers a period ending 30 Sept 2021 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status: In Administration
Type: Private Limited Company
Incorporated: 26 Jan 2007
Registered office: SUITE 501, NORTHAMPTON, NN1 5JF

0 outstanding charges on the register Accounts due 31 Dec 2024

Open the full record at Companies House.

Terms vs reality

Stated terms: 14–60 days. Reported average: 32.

Stated terms14–60d

+18 days

Reported avg32d

At a glance

The key figures

14–60d

their stated terms

30%

invoices paid outside terms

Vs peers · latest reported averages

fasterslower

Faster than 57% of the 385 large companies reporting in construction.

Where their supplier invoices land · latest period

within 30 days 63% 31–60 days 32% 61+ days 5%

The read · computed from their figures

Readie Construction Limited has filed 1 statutory payment period (earliest H2 2021). Their latest report puts the average at 32 days against stated terms of 14–60 days.

In the latest period 30% of invoices were paid outside their agreed terms, and 5% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Suppliers are predominantly paid on 30 days end of month. Subcontractors standard terms are 42 days from valuation date.

Dispute resolution

The Company tries to avoid disputes with its supply chain. Where a dispute does occur the Senior commercial team will work with the supplier / subcontractor to resolve. Where this is not successful we may then use other methods of dispute resolution such as mediation, litigation or adjudication.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H2 2021	32	30%	5%	21 Feb 2022

Working-capital effect

What a 32-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 32-day vs a 14-day payment cycle.

≈ £12,500

of invoicing outstanding at any one time on a 32-day cycle — about £7,100 more than the same account would carry at 14-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

What's their typical pay point?

Their latest reports average around day 32. 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 Readie Construction Limited (free)

Their next payment report is due ≈ 28 Apr 2022. 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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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-06069233 · latest period to 30 Sept 2021

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