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.
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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
Wingate Electrical PLC is a public limited company operating in the electrical sector. As a PLC, the organisation is structured to allow public shareholding, reflecting a significant level of commercial scale and corporate governance.
The company is registered in England and Wales under company number 01153427 and holds active status. Incorporated on 27 December 1973, Wingate Electrical PLC has operated for over five decades, with its registered office located at Wingate House, Rutherford Road, Basingstoke, Hampshire, RG24 8QD, in the South East of England.
Electrical companies of this type in the UK market typically provide a range of services and products spanning electrical contracting, installation, maintenance, and supply of electrical components or equipment. Such organisations serve commercial, industrial, and infrastructure clients, delivering solutions that meet current British Standards and industry regulations.
With more than fifty years of incorporation history and a registered address in Basingstoke, Wingate Electrical PLC represents an established presence within the UK electrical industry.