Their own payment-practices filing · gov.uk

How long does Keelex 351 Limited take to pay its suppliers?

CRN 07209033 · 4 statutory reports on record · period to 31 Dec 2021

64days

their reported average time to pay suppliers, latest period

Well behindvs 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 31 Dec 2021 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

Terms vs reality

Stated terms: 1–120 days. Reported average: 64.

Stated terms1–120d

+63 days

Reported avg64d

At a glance

The key figures

1–120d

their stated terms

85%

invoices paid outside terms

+3d

slower over the window

±3d

steady pattern

Vs peers · latest reported averages

fasterslower

Slower than 94% of large companies reporting.

The pattern

Getting slower

Average days to pay across their last 4 statutory reports.

terms 1d

H1 2020H2 2020H1 2021H2 2021

Where their supplier invoices land · latest period

within 30 days 10% 31–60 days 44% 61+ days 46%

The read · computed from their figures

Keelex 351 Limited has filed 4 statutory payment periods (earliest H1 2020). Their latest report puts the average at 64 days against stated terms of 1–120 days.

The direction is slower: from 61 to 64 days over the window — about 3 days slower.

In the latest period 85% of invoices were paid outside their agreed terms, and 46% landed 61+ days out.

In their own words · from the filing

Standard payment terms

It is the Company policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions. Our general standard terms are 60 days following the receipt of a satisfactory invoice submission.

Dispute resolution

The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, Keelex 351 Limited follows an established escalation process with Finance / Procurement leads who work to resolve any outstanding dispute.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H2 2021	64	85%	46%	24 Jan 2022
H1 2021	67	85%	54%	26 Jul 2021
H2 2020	62	83%	48%	28 Jan 2021
H1 2020	61	82%	57%	29 Jul 2020

Working-capital effect

What a 64-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 64-day vs a 1-day payment cycle.

≈ £25,000

of invoicing outstanding at any one time on a 64-day cycle — about £24,800 more than the same account would carry at 1-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 3 days slower over the window (61 → 64 days).

What's their typical pay point?

Their latest reports average around day 64, moving within about ±3 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 Keelex 351 Limited (free)

Their next payment report is due ≈ 29 Jul 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-07209033 · latest period to 31 Dec 2021

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