Their own payment-practices filing · gov.uk

How long does Triconnex Ltd take to pay its suppliers?

Q: 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.

Q: 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.

Q: 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.

Q: 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.

CRN 07466247 · Construction · 4 statutory reports on record · period to 30 Sept 2022

55days

their reported average time to pay suppliers, latest period

Slower than mostvs 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 2022 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: Active
Type: Private Limited Company
Incorporated: 10 Dec 2010
Registered office: NEXUS PARK AVENUE EAST, SKYLINE 120, BRAINTREE, CM77 7AL

0 outstanding charges on the register Accounts due 31 Dec 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 7–90 days. Reported average: 55.

Stated terms7–90d

+48 days

Reported avg55d

At a glance

The key figures

7–90d

their stated terms

33%

invoices paid outside terms

±3d

steady pattern

Vs peers · latest reported averages

fasterslower

Slower than 92% of the 385 large companies reporting in construction.

The pattern

Holding steady

Average days to pay across their last 4 statutory reports.

terms 7d

H1 2021H2 2021H1 2022H2 2022

Where their supplier invoices land · latest period

within 30 days 11% 31–60 days 67% 61+ days 22%

The read · computed from their figures

Triconnex Ltd has filed 4 statutory payment periods (earliest H1 2021). Their latest report puts the average at 55 days against stated terms of 7–90 days.

The pattern is steady — their reported average moves within about ±3 days period to period.

In the latest period 33% of invoices were paid outside their agreed terms, and 22% landed 61+ days out.

What they tell their suppliers

Offers e-invoicing

In their own words · from the filing

Standard payment terms

Our standard terms are 30 days from end of month of invoice (for suppliers and subcontractors). Terms for a limited number of subcontractors with high labour elements are 7-30 days. Certain invoices relate to point of connection payments with expiry dates of <7 days. These are paid within 5 days. Several large suppliers of materials are on agreed terms of 60 days from end of month of invoice. Invoices must be received by 5th working day following month of invoice to be paid as that month terms. If the invoice is not received by this point, then the invoice will be processed and paid to terms based on the month the invoice was received.

Dispute resolution

If disputes arise, the parties will attempt, in good faith, to reach agreement as soon as possible. Queries with invoices are raised with the Procurement team at the point that the invoice is processed.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H2 2022	55	33%	22%	31 Oct 2022
H1 2022	49	31%	24%	27 Apr 2022
H2 2021	54	33%	23%	25 Nov 2021
H1 2021	54	33%	26%	30 Apr 2021

Working-capital effect

What a 55-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 55-day vs a 7-day payment cycle.

≈ £21,500

of invoicing outstanding at any one time on a 55-day cycle — about £18,900 more than the same account would carry at 7-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 is steady — within about ±3 days period to period, around 55 days.

What's their typical pay point?

Their latest reports average around day 55, 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 Triconnex Ltd (free)

Their next payment report is due ≈ 28 Apr 2023. 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-07466247 · latest period to 30 Sept 2022

Verify the original Companies House file

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