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Their own payment-practices filing · gov.uk

How long does Transport for Wales take to pay its suppliers?

CRN 09476013 · Professional & technical services · 8 statutory reports on record · period to 31 Mar 2026

16days
their reported average time to pay suppliers, latest period
Faster than mostvs a 31-day median across 6,185 recent filers

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

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On the public register · Companies House

Company record

Status
Active
Type
PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
Incorporated
6 Mar 2015
Registered office
3 LLYS CADWYN, PONTYPRIDD, CF37 4TH
0 outstanding charges on the register Accounts due 31 Dec 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 28 days. Reported average: 16.

Stated terms28d
-12 days
Reported avg16d

At a glance

The key figures

28d
their stated terms
12%
invoices paid outside terms
-10d
faster over the window
±3d
steady pattern

Vs peers · latest reported averages

fasterslower
Faster than 88% of the 530 large companies reporting in professional & technical services.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 28d
26
21
18
15
20
16
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 91% 31–60 days 7% 61+ days 2%

The read · computed from their figures

Transport for Wales has filed 8 statutory payment periods (earliest H2 2022). Their latest report puts the average at 16 days against stated terms of 28 days.

The direction is faster: from 26 to 16 days over the window — about 10 days faster.

In the latest period 12% of invoices were paid outside their agreed terms, and 2% landed 61+ days out.

In their own words · from the filing

Standard payment terms

It is the company's policy to agree appropriate payment terms with suppliers and to honour those payment terms based on the timely receipt of valid invoices. The company's standard payment terms are 28 days from receipt of invoice. In some instances, we contract with suppliers on their own payment terms which are usually less than the company's standard of 28 days from receipt of invoice. Wherever these differences arise, and so long they are stated within a mutually signed contract, we seek to honour to the supplier's own payment terms following the timely receipt of valid invoices.

Dispute resolution

The company seeks to deal with all suppliers in a fair and reasonable manner, aiming to proactively respond to and address queries and/or challenges as soon as they arise. In the event that a financial dispute cannot be resolved by the Transport for Wales Purchase Ledger Team, it would then be escalated to the management team within the finance department. In the event of a contractual dispute, such as the delivery of obligations and/or performance, individual project teams are responsible for addressing it in the first instance, with escalated support provided by the Contract Management Team. Further support is also provided by the Supply Chain Team where multiple disputes become a common practice with any single supplier. Please note that our Percentage of payments not made in the rep

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20261612%2%30 Apr 2026
H2 20252017%4%29 Oct 2025
H1 20251511%1%29 Apr 2025
H2 20241817%2%21 Oct 2024
H1 20242125%4%26 Apr 2024
H2 20232635%8%30 Oct 2023
H1 20232130%8%25 Apr 2023
H2 20221725%6%27 Oct 2022

Quick answers

Are they getting slower or faster?
Their reported average has moved about 10 days faster over the window (26 → 16 days).
What's their typical pay point?
Their latest reports average around day 16, 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

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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-09476013 · latest period to 31 Mar 2026

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