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Their own payment-practices filing · gov.uk

Chain Reaction Cycles Ltd paid suppliers in 41 days on average — 11 days past its stated terms

CRN NI036744 · Wholesale & retail trade · 3 statutory reports on record · period to 30 Jun 2019

Dated record. The latest report covers a period ending 30 Jun 2019 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
41daysavg time to pay · H1 2019

Their H1 2019 filing put the average 11 days past the 30-day term they state.

Their stated terms
30 days
Paid outside agreed terms
45% of invoices
Paid after 61+ days
25%
Reporting period
31 Dec 2018 – 30 Jun 2019
Source
their gov.uk filing, filed 23 Jul 2019

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

Terms vs reality · their H1 2019 filing

Paid 11 days past their stated terms

The pattern · last 3 of 3 reports

382 → 41 days — faster across the window

The read · computed from their figures

Chain Reaction Cycles Ltd's H1 2019 filing put their average at 41 days against stated terms of 30 days; 45% of invoices were paid outside agreed terms and 25% took 61 days or longer. Filed 23 Jul 2019.

The direction is faster: from 382 days in H1 2018 to 41 now — 341 days faster across their last 3 reports.

That is 3 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

Terms are dependent on supplier

Dispute resolution

Dealt with on a case by case basis depending on dispute. Work with supplier to resolve in first instance.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20194145%25%23 Jul 2019
H2 201841093%89%12 Feb 2019
H1 201838212%40%30 Jul 2018

On the public register · Companies House

Company record

Status
Liquidation
Type
Private Limited Company
Incorporated
18 Aug 1999
Registered office
C/O A&L GOODBODY NORTHERN IRELAND LLP, BELFAST, BT1 5EF
0 outstanding charges on the register Accounts due 30 Jun 2024

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 41-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 41-day vs a 30-day payment cycle.

≈ £16,000
of invoicing outstanding at any one time on a 41-day cycle — about £4,300 more than the same account would carry at 30-day terms.

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 · Chain Reaction Cycles Ltd

Are they getting slower or faster?
Their reported average has moved about 341 days faster over the window (382 → 41 days).
What's their typical pay point?
Their latest filed report put the average at day 41; across their last 3 reports it ranged 41–410 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-NI036744 · latest period to 30 Jun 2019

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