Their own payment-practices filing · gov.uk

How long does British Steel Limited take to pay its suppliers?

CRN 12303256 · Manufacturing · 1 statutory report on record · period to 27 Dec 2025

58days

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.

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 7 Nov 2019
Registered office: BRITISH STEEL, ADMINISTRATION BUILDING, SCUNTHORPE, DN16 1XA

4 outstanding charges — secured borrowing registered Accounts due 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 0–105 days. Reported average: 58.

Stated terms0–105d

+58 days

Reported avg58d

At a glance

The key figures

0–105d

their stated terms

71%

invoices paid outside terms

Vs peers · latest reported averages

fasterslower

Slower than 75% of the 992 large companies reporting in manufacturing.

Where their supplier invoices land · latest period

within 30 days 25% 31–60 days 25% 61+ days 50%

The read · computed from their figures

British Steel Limited has filed 1 statutory payment period (earliest H2 2025). Their latest report puts the average at 58 days against stated terms of 0–105 days.

In the latest period 71% of invoices were paid outside their agreed terms, and 50% landed 61+ days out.

In their own words · from the filing

Standard payment terms

British Steel Limited's (BSL) standard payment terms is that payment of undisputed amounts will be made on the last day of the second month after the month of delivery or performance. This is provided the supplier's invoice quotes a relevant Purchase Order Number and the relevant Service Entry Sheet (SES) and that such invoice is received by BSL by the 5th day of the month following the month of the delivery.

Dispute resolution

BSL has a dedicated Accounts Payable Queries team who review and manage external communications from vendors regarding disputes, payments and general queries. The Queries team can be contacted via email ([email protected]), Monday to Thursday, 8.00am to 4.30pm and Friday, 8.00am to 12.30pm. The Queries team will review each query and respond where applicable or allocate and escalate to other functional areas of the business to review and provide resolution.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H2 2025	58	71%	50%	28 Jan 2026

Working-capital effect

What a 58-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 58-day vs a 0-day payment cycle.

≈ £23,000

of invoicing outstanding at any one time on a 58-day cycle — about £22,900 more than the same account would carry at 0-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

What's their typical pay point?

Their latest reports average around day 58. 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 British Steel Limited (free)

Their next payment report is due ≈ 25 Jul 2026. 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-12303256 · latest period to 27 Dec 2025

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