Their own payment-practices filing · gov.uk

SP Smart Meter Assets Limited paid suppliers in 34 days on average — within its stated 14–60 day terms

CRN SC554085 · Administrative & support services · 9 statutory reports on record · period to 30 Jun 2025

Dated record. The latest report covers a period ending 30 Jun 2025 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

34daysavg time to pay · H1 2025

Their H1 2025 filing put the average 20 days past the shortest term they state (14 days), still within their 60-day upper term.

Their stated terms: 14–60 days
Paid outside agreed terms: 10% of invoices
Paid after 61+ days: 10%
Reporting period: 1 Jan 2025 – 30 Jun 2025
Source: their gov.uk filing, filed 24 Jul 2025

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

Terms vs reality · their H1 2025 filing

Paid within their stated range — 34 against 14–60 days

PAIDLATE · terms vs the clockdays to pay · 0–65

avg 34d

0 days65 days

reported avg 34 days their filed terms 14–60 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 72% 31–60 days 18% 61+ days 10%

Source: their statutory Payment Practices Report #99773, period 1 Jan 2025 – 30 Jun 2025, filed 24 Jul 2025 · gov.uk payment-practices service

SP Smart Meter Assets Limited paid within its stated range, 20 days past the shortest term. 10% of invoices still went outside agreed terms; 10% reached 61 days or more. Self-reported in their statutory H1 2025 filing.

The pattern · last 6 of 9 reports

24 → 34 days — slower across the window

PAIDLATE · the patternavg days per report

Last 6 of 9 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

10 days slower across the window. From 24 days in H2 2022 to 34 in the H1 2025 filing; the dashed line marks the 14-day term they state.

The read · computed from their figures

SP Smart Meter Assets Limited's H1 2025 filing put their average at 34 days against stated terms of 14–60 days; 10% of invoices were paid outside agreed terms and 10% took 61 days or longer. Filed 24 Jul 2025.

The direction is slower: from 24 days in H2 2022 to 34 now — 10 days slower across their last 6 reports.

That is 9 statutory periods on record (earliest H1 2021) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Offers e-invoicing Offers supply-chain finance

In their own words · from the filing

Standard payment terms

30 days from invoice date

Dispute resolution

At ScottishPower we try to resolve any invoice disputes or queries as quickly as possible. Queries regarding the status of an invoice can be directed to the Accounts Payable Team via the following email address; [email protected]. Additionally we also offer a web portal service that allows suppliers the ability to register and then login and view the status of their invoices and when they will be paid. To register for the web portal please use the following website; https://www.iberdrola.com/webprovc/register/register.action For specific contractual disputes please contact the individual who initially ordered the goods or services provided. The agreed contractual dispute process will then be followed.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2025	34	10%	10%	24 Jul 2025
H2 2024	31	9%	8%	28 Jan 2025
H1 2024	27	12%	0%	25 Jul 2024
H2 2023	26	10%	1%	25 Jan 2024
H1 2023	26	9%	0%	27 Jul 2023
H2 2022	24	22%	2%	26 Jan 2023
H1 2022	23	13%	0%	28 Jul 2022
H2 2021	19	7%	1%	27 Jan 2022
H1 2021	23	15%	2%	26 Jul 2021

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 9 Jan 2017
Registered office: 4TH FLOOR, 115, EDINBURGH, EH2 4JN

1 outstanding charge — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 34-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 34-day vs a 14-day payment cycle.

≈ £13,500

of invoicing outstanding at any one time on a 34-day cycle — about £7,900 more than the same account would carry at 14-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 · SP Smart Meter Assets Limited

Are they getting slower or faster?

Their reported average has moved about 10 days slower over the window (24 → 34 days).

What's their typical pay point?

Their latest filed report put the average at day 34; across their last 6 reports it ranged 24–34 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.

Stay ahead

Watch SP Smart Meter Assets Limited (free)

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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-SC554085 · latest period to 30 Jun 2025

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