Wingate Electrical PLC has an average payment time of 47 days, sitting 17 days beyond standard 30-day terms and indicating a structural tendency toward extended settlement periods. Only 42% of invoices are paid within 30 days, meaning the majority of payments fall into the 31–60 day (34%) or over-60-day (24%) brackets. This distribution suggests a consistent pattern of delayed payment rather than an isolated or improving trend.
The spread across three payment bands points to low predictability, with suppliers unable to reliably forecast when settlement will occur. The 24% of invoices paid beyond 60 days is a notable concern, as nearly one in four invoices significantly exceeds agreed terms, creating material cash flow uncertainty. The 8% formal late payment rate, while relatively contained, adds a further layer of credit risk on top of the already extended average cycle.
Wingate Electrical PLC presents a moderate-to-elevated payment risk profile that warrants careful consideration before extending standard credit terms. Suppliers should consider shortening credit terms to 14 days net to compensate for the known payment lag, or require partial upfront payment on larger orders. Where business is continued, close invoice monitoring and defined escalation triggers at 45 days are advisable to manage exposure proactively.
| 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 | 22 Apr 2026 | 47 | 42% | 34% | 24% | 8% |
| 01 Apr 2025 - 30 Sept 2025 | 30 Jan 2026 | 44 | 37% | 36% | 27% | 83% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Jan 2026 | 46 | 33% | 37% | 30% | 86% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days end of month or 60 days 30 days end of month following receipt of invoice for subcontractors
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 queries or disputes are investigated by the Finance Department and resolved in a timely manner with 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.
❌
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
Wingate Electrical PLC is a Basingstoke-based electrical installation company, active since 1973 and registered as a public limited company. Its Companies House record classifies its business under electrical installation activities. The company operates from Wingate House in Basingstoke and remains active, with recent accounts and confirmation statements filed. No further detail on specific projects, client base or sub-specialisms within electrical installation is available from the supplied evidence. The listed officers include long-serving directors, some appointed decades ago, indicating a stable ownership structure. Overall, the evidence confirms the company as a contractor delivering electrical installation services, consistent with its SIC code classification, though no additional descriptive material from its own website was provided to expand on the scope of works undertaken.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk