Their own payment-practices filing · gov.uk

The Grand Central Hotel Glasgow Limited paid suppliers in 44 days on average — 16 days past its stated terms

CRN 06874982 · 1 statutory report on record · period to 30 Jun 2018

Dated record. The latest report covers a period ending 30 Jun 2018 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

44daysavg time to pay · H1 2018

Their H1 2018 filing put the average 16 days past the 28-day term they state.

Their stated terms: 28 days
Paid outside agreed terms: 7% of invoices
Paid after 61+ days: 5%
Reporting period: 1 Jan 2018 – 30 Jun 2018
Source: their gov.uk filing, filed 23 Jul 2018

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

Terms vs reality · their H1 2018 filing

Paid 16 days past their stated terms

PAIDLATE · terms vs the clockdays to pay · 0–50

avg 44d

0 days50 days

reported avg 44 days their filed terms 28 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 24% 31–60 days 71% 61+ days 5%

Source: their statutory Payment Practices Report #2990, period 1 Jan 2018 – 30 Jun 2018, filed 23 Jul 2018 · gov.uk payment-practices service

The Grand Central Hotel Glasgow Limited paid 16 days past its own stated terms. 7% of invoices still went outside agreed terms; 5% reached 61 days or more. Self-reported in their statutory H1 2018 filing.

The read · computed from their figures

The Grand Central Hotel Glasgow Limited's H1 2018 filing put their average at 44 days against stated terms of 28 days; 7% of invoices were paid outside agreed terms and 5% took 61 days or longer. Filed 23 Jul 2018.

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

What they tell their suppliers

Offers e-invoicing

In their own words · from the filing

Standard payment terms

End of month following month of invoice date i.e. end of month + 1 month

Dispute resolution

All invoices are approved by the employee who raised the associated purchase order (“orderer”). Where there is a dispute on the invoice, this is raised by the orderer with the supplier. This is done electronically where the order was raised on our e-procurement system and by phone/email otherwise. Any disputes that cannot be resolved between the orderer and the supplier are escalated to the central Procurement team who will investigate and manage until resolved.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2018	44	7%	5%	23 Jul 2018

Illustrative · working-capital arithmetic

What a 44-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 44-day vs a 28-day payment cycle.

≈ £17,500

of invoicing outstanding at any one time on a 44-day cycle — about £6,300 more than the same account would carry at 28-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 · The Grand Central Hotel Glasgow Limited

What's their typical pay point?

Their latest reports averaged around day 44. 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 The Grand Central Hotel Glasgow Limited (free)

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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-06874982 · latest period to 30 Jun 2018

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