Industry ranking
| 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 Jul 2023 - 30 Jun 2024 | 15 Nov 2024 | 44 | 23% | 45% | 32% | 93% |
| 01 Jul 2022 - 30 Jun 2023 | 15 Nov 2024 | 50 | 19% | 45% | 36% | 92% |
| 01 Jul 2021 - 30 Jun 2022 | 15 Nov 2024 | 56 | 14% | 49% | 37% | 94% |
| 01 Jul 2020 - 30 Jun 2021 | 15 Nov 2024 | 55 | 13% | 51% | 36% | 93% |
| 01 Jul 2019 - 30 Jun 2020 | 15 Nov 2024 | 55 | 17% | 50% | 33% | 95% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 51 | 21% | 53% | 26% | 89% |
| 01 Jul 2018 - 31 Dec 2018 | 19 Jul 2019 | 45 | 26% | 49% | 25% | 86% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2019 | 41 | 27% | 53% | 20% | 92% |
| 01 Jan 2017 - 31 Dec 2017 | 18 Jan 2018 | 37 | 45% | 46% | 9% | 82% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Most frequently used payment terms are 60 days from the date of invoice
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
There is a Helpdesk Service attending whatever request is being made by the suppliers. If there is any dispute about payments vs contractual agreement, it is escalated either to Procurement or the business contact who maintains the relationship with the supplier. The final solution is trying always to follow the contractual terms that were agreed, even if it requires to execute an urgent payment.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
CHEP UK LIMITED is a private limited company incorporated in 1924. It previously traded as GKN CHEP LIMITED until 1995, when it adopted its current name. According to Companies House, its registered business activity is the renting and leasing of machinery, equipment and other tangible goods not elsewhere classified. The company remains active, with its registered office in Addlestone, Surrey. Available evidence does not describe specific products, services or markets beyond this classification, so this summary is limited to the confirmed regulatory and corporate facts: an equipment rental and leasing business operating under a renamed corporate identity since the mid-1990s.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk