THOMAS RIDLEY AND SON,LIMITED consistently pays beyond standard 30-day terms, with an average payment time of 37 days. Only 37% of invoices are settled within 30 days, indicating a clear trend towards extended payment cycles rather than timely payments.
The company exhibits low payment reliability, with a high 82% of invoices paid late, making payment predictability challenging for suppliers. While over half (53%) settle between 31 and 60 days, a concerning 10% extend beyond 60 days, presenting a notable credit risk factor.
Given the consistent delay in payments and high lateness rate, suppliers should anticipate extended payment terms and adjust cash flow expectations accordingly. Consider implementing stricter credit terms, potentially requiring upfront payments for new engagements or offering early payment discounts to mitigate significant working capital strain. Monitor payment behavior closely for any shifts, especially regarding the 10% exceeding 60 days.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 09 Oct 2025 | 39 | 35% | 54% | 11% | 85% |
| 01 Jul 2024 - 31 Dec 2024 | 17 Jan 2025 | 37 | 37% | 53% | 10% | 82% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard is the end of the month +30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Raise the issue with the supplier. (Person responsible for the purchase). Pay the invoice when the issue is resolved or request a credit note from the supplier.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
THOMAS RIDLEY AND SON,LIMITED is an active private limited company. Operating under this legal structure, the company functions as a distinct business entity in the UK market.
The company was incorporated on 17 October 1917 under company number 00148692. Its registered office is located at 814 Leigh Road, Slough, England, SL1 4BD, situated within the South East region.
As a common business structure in the UK, private limited companies are established to conduct commercial activities across diverse industries. They typically offer a broad range of products and services, whilst providing limited liability to their shareholders.