Their own payment-practices filing · gov.uk
Stewart Milne Timber Systems Limited pays suppliers in 54 days on average — within its stated 30–90 day terms
Their H1 2026 filing puts the average 24 days past the shortest term they state (30 days), still within their 90-day upper term.
- Their stated terms
- 30–90 days
- Paid outside agreed terms
- 83% of invoices
- Paid after 61+ days
- 62%
- Reporting period
- 1 Nov 2025 – 30 Apr 2026
- Source
- their gov.uk filing, filed 21 May 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid within their stated range — 54 against 30–90 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 13 reports
62 → 54 days — getting faster
The read · computed from their figures
Stewart Milne Timber Systems Limited's H1 2026 filing puts their average at 54 days against stated terms of 30–90 days; 83% of invoices were paid outside agreed terms and 62% took 61 days or longer. Filed 21 May 2026.
The direction is faster: from 62 days in H2 2023 to 54 now — 8 days faster across their last 6 reports.
On the latest reported averages: Slower than 68% of the 977 large companies reporting in manufacturing.
That is 13 statutory periods on record (earliest H1 2020) — a historical record, not a promise for a new invoice.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
The company negotiates and agrees payment terms with its suppliers. This will result in payment terms varying per supplier. The most common payment term is current month plus 30 days; although payment terms can range from being payable on receipt to current month plus 60 days.
Dispute resolution
Disputed invoices will be communicated with the supplier by the appropriate department/individual involved. This will be investigated and resolved by the appropriate department and resolved in a timely manner. Divisional Finance Director’s will get involved if required. Complaints from supplier about payment and payment disputes are dealt with on an individual basis. In cases of non-payment; the supplier is kept up to date with regular contact. Complaints are raised in the first instance with the person responsible for the contract and can be escalated to divisional finance director and divisional managing director as appropriate.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 54 | 83% | 62% | 21 May 2026 |
| H2 2025 | 60 | 79% | 59% | 27 Nov 2025 |
| H1 2025 | 62 | 75% | 56% | 28 May 2025 |
| H2 2024 | 61 | 78% | 57% | 21 Nov 2024 |
| H1 2024 | 66 | 65% | 63% | 30 May 2024 |
| H2 2023 | 62 | 41% | 56% | 29 Nov 2023 |
| H1 2023 | 58 | 15% | 53% | 30 May 2023 |
| H2 2022 | 52 | 11% | 45% | 22 Nov 2022 |
| H1 2022 | 64 | 10% | 53% | 30 May 2022 |
| H2 2021 | 56 | 15% | 46% | 30 Nov 2021 |
| H1 2021 | 57 | 8% | 43% | 28 May 2021 |
| H2 2020 | 70 | 34% | 59% | 30 Nov 2020 |
| H1 2020 | 58 | 36% | 57% | 29 May 2020 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 14 Sept 2016
- Registered office
- FALCON HOUSE CURBRIDGE BUSINESS PARK, WITNEY, OX29 7WJ
Illustrative · working-capital arithmetic
What a 54-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 54-day vs a 30-day payment cycle.
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 · Stewart Milne Timber Systems Limited
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How UK payment reporting works
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What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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-10375531 · latest period to 30 Apr 2026
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