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Their own payment-practices filing · gov.uk

Sayers the Bakers Limited paid suppliers in 23 days on average — within its stated 14–45 day terms

CRN 06582290 · 4 statutory reports on record · period to 30 Sept 2019

Dated record. The latest report covers a period ending 30 Sept 2019 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
23daysavg time to pay · H2 2019

Their H2 2019 filing put the average 9 days past the shortest term they state (14 days), still within their 45-day upper term.

Their stated terms
14–45 days
Paid outside agreed terms
7% of invoices
Paid after 61+ days
2%
Reporting period
1 Apr 2019 – 30 Sept 2019
Source
their gov.uk filing, filed 24 Oct 2019

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

Terms vs reality · their H2 2019 filing

Paid within their stated range — 23 against 14–45 days

The pattern · last 4 of 4 reports

Held steady around 23 days

The read · computed from their figures

Sayers the Bakers Limited's H2 2019 filing put their average at 23 days against stated terms of 14–45 days; 7% of invoices were paid outside agreed terms and 2% took 61 days or longer. Filed 24 Oct 2019.

The pattern is steady — their reported average moves within about ±2 days period to period.

That is 4 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

Sayers The Bakers does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. Overdue invoices are mostly ones which had been under query.

Dispute resolution

Disputes are resolved by contacting in the first case informally and then formally the relevant parties including accounts payable/credit control teams, procurement and sales teams to allow them the opportunity to resolve within an acceptable time period. If they are not resolved the supplier must then write to the Finance Director setting out details of their unresolved despute asking for a resolution. These will be formally investigated within a 28 day period.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 2019237%2%24 Oct 2019
H1 2019228%1%3 Apr 2019
H2 20182410%2%12 Oct 2018
H1 20182514%3%10 Apr 2018

Illustrative · working-capital arithmetic

What a 23-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 23-day vs a 14-day payment cycle.

≈ £9,000
of invoicing outstanding at any one time on a 23-day cycle — about £3,500 more than the same account would carry at 14-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 · Sayers the Bakers Limited

Are they getting slower or faster?
Their reported average was steady — within about ±2 days period to period, around 23 days.
What's their typical pay point?
Their latest reports averaged around day 23, moving within about ±2 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-06582290 · latest period to 30 Sept 2019

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