Their own payment-practices filing · gov.uk

CVS Group PLC paid suppliers in 35 days on average — 5 days past its stated terms

CRN 06312831 · Professional & technical services · 5 statutory reports on record · period to 31 Dec 2021

Dated record. The latest report covers a period ending 31 Dec 2021 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

35daysavg time to pay · H2 2021

Their H2 2021 filing put the average 5 days past the 30-day term they state.

Their stated terms: 30 days
Paid outside agreed terms: 39% of invoices
Paid after 61+ days: 15%
Reporting period: 1 Jul 2021 – 31 Dec 2021
Source: their gov.uk filing, filed 31 Jan 2022

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

Terms vs reality · their H2 2021 filing

Paid 5 days past their stated terms

PAIDLATE · terms vs the clockdays to pay · 0–40

avg 35d

0 days40 days

reported avg 35 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 72% 31–60 days 13% 61+ days 15%

Source: their statutory Payment Practices Report #55543, period 1 Jul 2021 – 31 Dec 2021, filed 31 Jan 2022 · gov.uk payment-practices service

CVS Group PLC paid 5 days past its own stated terms. 39% of invoices still went outside agreed terms; 15% reached 61 days or more. Self-reported in their statutory H2 2021 filing.

The pattern · last 5 of 5 reports

45 → 35 days — faster across the window

PAIDLATE · the patternavg days per report

Last 5 of 5 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

10 days faster across the window. From 45 days in H2 2019 to 35 in the H2 2021 filing; the dashed line marks the 30-day term they state.

The read · computed from their figures

CVS Group PLC's H2 2021 filing put their average at 35 days against stated terms of 30 days; 39% of invoices were paid outside agreed terms and 15% took 61 days or longer. Filed 31 Jan 2022.

The direction is faster: from 45 days in H2 2019 to 35 now — 10 days faster across their last 5 reports.

That is 5 statutory periods on record (earliest H2 2019) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

CVS endeavours to process all payments to the suppliers of all CVS Group companies by their due date whilst at the same time making use of twice weekly payment runs to consolidate payments into batches of an efficient size. As a result of these scheduled payment runs, invoices are usually included for payment within days of becoming due.All invoices received by CVS are processed by the centralised Accounts Payable team, located at the company’s Head Office at CVS House, Owen Road, Diss, Norfolk, IP22 4ER (email: [email protected]). To maximise the prompt payment of invoices, CVS encourages all suppliers to send their invoices directly to the Accounts Payable team in order that the invoice is registered as soon as possible on the company’s accounting system and promptly sent out t

Dispute resolution

The CVS Group hasn’t published a formal dispute resolution document. However, all payment disputes for all Group companies are resolved in the same manner regardless of the size of the supplier. The company’s centralised Accounts Payable team will refer all disputed invoices to the member of staff requisitioning the goods or services for resolution. If required, the matter will be escalated within the company including involvement of Executive Directors where required. CVS endeavours to resolve all invoice disputes prior to the payment becoming due in order that no impact is made on expected payment terms.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H2 2021	35	39%	15%	31 Jan 2022
H1 2021	38	39%	19%	27 Jul 2021
H2 2020	44	44%	17%	29 Jan 2021
H1 2020	35	43%	12%	28 Jul 2020
H2 2019	45	60%	19%	24 Jan 2020

On the public register · Companies House

Company record

Status: Active
Type: Public Limited Company
Incorporated: 13 Jul 2007
Registered office: CVS HOUSE, DISS, IP22 4ER

0 outstanding charges on the register Accounts due 31 Dec 2026

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 35-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 35-day vs a 30-day payment cycle.

≈ £14,000

of invoicing outstanding at any one time on a 35-day cycle — about £2,000 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 · CVS Group PLC

Are they getting slower or faster?

Their reported average has moved about 10 days faster over the window (45 → 35 days).

What's their typical pay point?

Their latest filed report put the average at day 35; across their last 5 reports it ranged 35–45 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

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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-06312831 · latest period to 31 Dec 2021

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