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Their own payment-practices filing · gov.uk

Transport for Wales pays suppliers in 16 days on average — inside its 28-day stated terms

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

16daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 12 days inside their stated 28-day term.

Faster than mostvs a 31-day median across 6,104 recent filers
Their stated terms
28 days
Paid outside agreed terms
12% of invoices
Paid after 61+ days
2%
Reporting period
1 Oct 2025 – 31 Mar 2026
Source
their gov.uk filing, filed 30 Apr 2026

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

Terms vs reality · their H1 2026 filing

Paid 12 days inside the 28-day term they state

The pattern · last 6 of 8 reports

26 → 16 days — getting faster

The read · computed from their figures

Transport for Wales's H1 2026 filing puts their average at 16 days against stated terms of 28 days; 12% of invoices were paid outside agreed terms and 2% took 61 days or longer. Filed 30 Apr 2026.

The direction is faster: from 26 days in H2 2023 to 16 now — 10 days faster across their last 6 reports.

On the latest reported averages: Faster than 88% of the 510 large companies reporting in professional & technical services.

That is 8 statutory periods on record (earliest H2 2022) — a historical record, not a promise for a new invoice.

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

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 2027

Open the full record at Companies House.

Quick answers · Transport for Wales

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 filed report puts the average at day 16; across their last 6 reports it ranged 15–26 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-09476013 · latest period to 31 Mar 2026

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