STEPNELL LIMITED's average payment time of 39 days indicates a consistent trend of settling invoices beyond standard 30-day terms. The vast majority (62%) of payments fall within the 31-60 day window, establishing this as the typical payment speed. Only a small fraction (19%) are settled within 30 days, suggesting an expected trajectory towards payment in the second month.
While most payments occur between 31 and 60 days, a significant 19% consistently extend over 60 days, indicating a notable tail risk for a portion of invoices. This percentage also aligns with the identified late payment rate, revealing a predictable segment of very slow payments. Suppliers should consider this consistent minority of protracted payments when assessing reliability and predictability.
Suppliers engaging with STEPNELL LIMITED should anticipate payments extending to 31-60 days as the norm, requiring appropriate cash flow planning. Although the majority are predictable within this timeframe, the consistent 19% exceeding 60 days introduces a material risk of prolonged outstanding invoices. Mitigate this by adjusting payment expectations or considering specific payment term negotiations for critical engagements.
| 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 Oct 2025 - 31 Mar 2026 | 31 Mar 2026 | 33 | 55% | 42% | 3% | 4% |
| 01 Apr 2025 - 30 Sept 2025 | 14 Oct 2025 | 39 | 39% | 56% | 5% | 7% |
| 01 Oct 2024 - 31 Mar 2025 | 09 Sept 2025 | 41 | 20% | 70% | 10% | 10% |
| 01 Apr 2024 - 30 Sept 2024 | 15 Jan 2025 | 49 | 21% | 61% | 18% | 18% |
| 01 Oct 2023 - 31 Mar 2024 | 15 Jan 2025 | 44 | 17% | 58% | 25% | 25% |
| 01 Apr 2023 - 30 Sept 2023 | 15 Jan 2025 | 39 | 19% | 62% | 19% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms for material suppliers is 30 days and for our subcontractors it is 42 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
60
Invoices from a supplier that are disputed are placed into query with that supplier following their invoice query process. Our purchase ledger,procurement and site teams will then work with the supplier to resolve the query as efficiently as possible.
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
STEPNELL LIMITED is an active private limited company. It operates as a distinct legal entity in the UK market.
Registered in England and Wales under company number 00402934, STEPNELL LIMITED was incorporated on 10 January 1946. Its registered office is located at Lawford Road, Rugby, Warwickshire, CV21 2UU, within the West Midlands region.
Private limited companies in the UK market are typically established to conduct a diverse array of commercial activities, encompassing various sectors such as manufacturing, services, and retail. They provide a common legal structure for organisations aiming to limit shareholder liability whilst pursuing business objectives.
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