Their own payment-practices filing · gov.uk
Stewart Milne Group Limited paid suppliers in 59 days on average — within its stated 30–90 day terms
Their H2 2023 filing put the average 29 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
- 49% of invoices
- Paid after 61+ days
- 43%
- Reporting period
- 1 May 2023 – 31 Oct 2023
- Source
- their gov.uk filing, filed 30 Nov 2023
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2023 filing
Paid within their stated range — 59 against 30–90 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 13 reports
51 → 59 days — slower across the window
The read · computed from their figures
Stewart Milne Group Limited's H2 2023 filing put their average at 59 days against stated terms of 30–90 days; 49% of invoices were paid outside agreed terms and 43% took 61 days or longer. Filed 30 Nov 2023.
The direction is slower: from 51 days in H1 2021 to 59 now — 8 days slower across their last 6 reports.
That is 13 statutory periods on record (earliest H2 2017) — a historical record, not a promise for a new invoice.
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
Supplier invoices and payments are managed by the various divisions at Stewart Milne Group; each division being responsible for their own supplier invoices. 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 the status by the division responsible. 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 di
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2023 | 59 | 49% | 43% | 30 Nov 2023 |
| H1 2023 | 60 | 75% | 44% | 25 May 2023 |
| H2 2022 | 59 | 59% | 36% | 29 Nov 2022 |
| H1 2022 | 51 | 33% | 28% | 30 May 2022 |
| H2 2021 | 54 | 50% | 33% | 30 Nov 2021 |
| H1 2021 | 51 | 42% | 29% | 28 May 2021 |
| H2 2020 | 74 | 62% | 56% | 30 Nov 2020 |
| H1 2020 | 63 | 81% | 56% | 29 May 2020 |
| H2 2019 | 59 | 36% | 47% | 29 Nov 2019 |
| H1 2019 | 65 | 78% | 58% | 30 Jul 2019 |
| H2 2018 | 64 | 68% | 56% | 30 Jan 2019 |
| H1 2018 | 58 | 55% | 54% | 30 Jul 2018 |
| H2 2017 | 56 | 68% | 36% | 2 Feb 2018 |
On the public register · Companies House
Company record
- Status
- In Administration
- Type
- Private Limited Company
- Incorporated
- 8 May 1975
- Registered office
- C/O TENEO FINANCIAL ADVISORY LIMITED, EDINBURGH, EH2 1EL
Illustrative · working-capital arithmetic
What a 59-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 59-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 Group Limited
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How UK payment reporting works
What is a Payment Practices Report?
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-SC057709 · latest period to 31 Oct 2023
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