PICKERINGS HIRE LIMITED operates with an average payment time of 50 days, placing them firmly outside standard 30-day payment terms. The bulk of payments (75%) fall within the 31-60 day window, indicating a consistent pattern of extended but structured payment behaviour rather than erratic delays. Only 5% of payments are made within 30 days, confirming that early or on-time settlement is not a characteristic of this company's payment practice.
Payment behaviour is relatively predictable, with the 75% concentration in the 31-60 day band suggesting a deliberate and consistent payment cycle rather than disorganised or unpredictable processing. However, 20% of payments exceeding 60 days represents a meaningful tail risk, and combined with a 7% late payment rate, suppliers should anticipate occasional significant delays. The overall profile is moderately reliable but carries a notable risk of extended cash flow impact on a minority of invoices.
PICKERINGS HIRE LIMITED presents a moderate-to-elevated payment risk, particularly for suppliers dependent on 30-day cash flow cycles, and standard trading terms should be adjusted to reflect a realistic 50-day settlement expectation. Suppliers should consider building extended payment timelines into cash flow forecasting and may wish to negotiate explicit payment milestones or apply early payment incentives to reduce the 60-day-plus exposure. Credit limits should be set conservatively, and accounts should be monitored closely to detect any shift in the current 20% overdue proportion.
| 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 | 16 Jul 2025 | 50 | 5% | 75% | 20% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The business has standard payment terms for all suppliers. The standard payment terms 30 days end of month plus 7 working 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
Any disputes or complaints can be raised with the Purchase Ledger department either by email or telephone. The company will make every effort to resolve disputes or complaints as quickly 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
Pickerings Hire Limited is a private limited company operating within the equipment and machinery hire sector in the United Kingdom. The company's name indicates a specialist hire business, providing rental solutions to commercial and domestic customers across its operating region.
The company is registered in England and Wales under company number 00950139 and maintains its registered office at Ashby Road, Measham, Swadlincote, Derbyshire, DE12 7JP, placing it within the East Midlands region. Incorporated on 18 March 1969, Pickerings Hire Limited has been an active trading entity for over five decades, reflecting a well-established presence in its market.
Equipment hire companies of this nature in the UK typically provide short and long-term rental of plant, machinery, tools, and associated equipment to clients in the construction, civil engineering, industrial, and facilities management sectors. Services generally include equipment delivery, collection, and ongoing maintenance support to ensure operational readiness throughout the hire period.
With its long-standing history and active status, Pickerings Hire Limited represents an established operator within the UK hire industry, serving the needs of businesses and individuals requiring flexible access to specialist equipment without the commitment of outright purchase.