Industry ranking
The average time to pay for INTERFLOOR LIMITED has decreased by 3% between the period of Apr 2018 and Sep 2019. However, there has been a fluctuation in the percentage of invoices paid within 30 days, with a decrease of 4% in Mar 2019 but an increase of 1% in Sep 2019. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a decrease of 3% in Mar 2019 but an increase of 3% in Sep 2019. The highest percentage of invoices paid later than 60 days was in Sep 2018, with a decrease of 7% by Mar 2019 and a further decrease of 1% by Sep 2019. There has been a steady decrease in the percentage of invoices not paid within agreed terms, with a decrease of 16% between Apr 2018 and Sep 2019.
The volatility in the average time to pay for INTERFLOOR LIMITED has been relatively stable, with a decrease of 5% in Mar 2019 followed by an increase of 3% in Sep 2019. The percentage of invoices paid within 30 days has also been stable, with a decrease of 2% in Mar 2019 followed by an increase of 1% in Sep 2019. The volatility in the percentage of invoices paid between 31 and 60 days has been minimal, with a decrease of 1% in Mar 2019 followed by an increase of 3% in Sep 2019. The volatility in the percentage of invoices paid later than 60 days has been significant, with a decrease of 7% in Sep 2018 followed by a decrease of 6% in Mar 2019 and a further decrease of 1% in Sep 2019. The volatility in the percentage of invoices not paid within agreed terms has also been significant, with a decrease of 15% in Sep 2018 followed by a further decrease of 1% in Mar 2019 and a final decrease of 10% in Sep 2019.
Between Apr 2018 and Sep 2019, the average time to pay for INTERFLOOR LIMITED has decreased by 3%. The highest percentage of invoices paid within 30 days was in Oct 2018 at 21%, with a decrease of 4% by Mar 2019 but an increase of 1% by Sep 2019. The highest percentage of invoices paid between 31 and 60 days was in Oct 2018 at 32%, with a decrease of 3% by Mar 2019 but an increase of 3% by Sep 2019. The highest percentage of invoices paid later than 60 days was in Sep 2018 at 46%, with a decrease of 7% by Sep 2019. The lowest percentage of invoices not paid within agreed terms was in Sep 2019 at 7%, with a decrease of 16% between Apr 2018 and Sep 2019.
| 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 Apr 2024 - 30 Sept 2024 | 14 Feb 2025 | 56 | 19% | 33% | 48% | 3% |
| 01 Oct 2023 - 31 Mar 2024 | 14 Feb 2025 | 58 | 19% | 30% | 51% | 3% |
| 01 Apr 2023 - 30 Sept 2023 | 14 Feb 2025 | 57 | 20% | 31% | 49% | 3% |
| 01 Oct 2022 - 31 Mar 2023 | 14 Feb 2025 | 60 | 21% | 30% | 49% | 4% |
| 01 Apr 2022 - 30 Sept 2022 | 14 Feb 2025 | 58 | 18% | 31% | 51% | 4% |
| 01 Oct 2021 - 31 Mar 2022 | 14 Feb 2025 | 57 | 19% | 31% | 50% | 6% |
| 01 Apr 2021 - 30 Sept 2021 | 14 Feb 2025 | 59 | 17% | 30% | 53% | 6% |
| 01 Oct 2020 - 31 Mar 2021 | 14 Feb 2025 | 59 | 17% | 33% | 50% | 8% |
| 01 Apr 2020 - 30 Sept 2020 | 14 Feb 2025 | 63 | 13% | 33% | 54% | 7% |
| 01 Oct 2019 - 31 Mar 2020 | 14 Feb 2025 | 67 | 13% | 28% | 59% | 8% |
| 31 Mar 2019 - 28 Sept 2019 | 04 Nov 2019 | 58 | 17% | 32% | 52% | 7% |
| 01 Oct 2018 - 30 Mar 2019 | 05 Sept 2019 | 61 | 18% | 29% | 53% | 12% |
| 01 Apr 2018 - 30 Sept 2018 | 07 Feb 2019 | 56 | 21% | 32% | 46% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days end of month
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
120
Purchase Ledger clerk raises query with individual suppliers and chases resolution. Any further dispute is then escalated to the Purchasing Director to resolve
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
Interfloor Limited, based in Haslingden, Lancashire, is part of the Victoria plc group of companies. It was formed by the 2002 merger of Tredaire and Duralay, brands whose heritage dates back to the 1940s. The company manufactures carpet underlay and flooring accessories in the UK, including polyurethane foam, sponge rubber and crumb rubber underlays, carpet gripper, floor edgings, adhesives and tapes, under the Duralay, Tredaire, Gripperrods and Stikatak brands. It supplies flooring retailers, distributors and contractors rather than selling directly to consumers, serving the commercial contract flooring market and exporting to more than 400 customers across over 70 countries.
Generated from the company's website and Companies House records. Sources: interfloor.com · interfloor.com · interfloor.com