The average time to pay for ALTRAD SUPPORT SERVICES LIMITED has decreased since 2017, with a significant decrease in the most recent period (2023-03-01 to 2023-08-31). The percentage of invoices paid within 30 days has also increased over the years, with a peak in 2023. However, the percentage of invoices paid between 31 and 60 days has fluctuated and the percentage of invoices paid later than 60 days has remained relatively stable.
The average time to pay has been quite volatile for ALTRAD SUPPORT SERVICES LIMITED, with a significant decrease in the most recent period. The percentage of invoices paid within 30 days and between 31 and 60 days has also been volatile, with peaks and dips throughout the years. The percentage of invoices paid later than 60 days has remained relatively stable, with a slight decrease in the most recent period.
| 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 Mar 2025 - 31 Aug 2025 | 03 Sept 2025 | 45 | 47% | 34% | 19% | 34% |
| 01 Sept 2024 - 28 Feb 2025 | 13 Mar 2025 | 45 | 29% | 32% | 39% | 28% |
| 01 Mar 2024 - 31 Aug 2024 | 13 Sept 2024 | 61 | 22% | 32% | 46% | 34% |
| 01 Sept 2023 - 29 Feb 2024 | 07 Mar 2024 | 63 | 19% | 30% | 51% | 32% |
| 01 Mar 2023 - 31 Aug 2023 | 19 Sept 2023 | 57 | 27% | 30% | 43% | 20% |
| 01 Sept 2022 - 28 Feb 2023 | 07 Mar 2023 | 62 | 15% | 39% | 46% | 32% |
| 01 Mar 2022 - 31 Aug 2022 | 15 Sept 2022 | 58 | 15% | 48% | 37% | 42% |
| 01 Sept 2021 - 28 Feb 2022 | 21 Mar 2022 | 58 | 13% | 53% | 34% | 35% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 60 | 14% | 49% | 37% | 47% |
| 01 Sept 2020 - 28 Feb 2021 | 26 Mar 2021 | 62 | 14% | 49% | 37% | 43% |
| 01 Mar 2020 - 31 Aug 2020 | 15 Oct 2020 | 85 | 12% | 27% | 61% | 66% |
| 01 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 107 | 8% | 25% | 67% | 40% |
| 01 Mar 2019 - 31 Aug 2019 | 07 Oct 2019 | 76 | 6% | 27% | 67% | 63% |
| 01 Sept 2018 - 28 Feb 2019 | 25 Mar 2019 | 69 | 15% | 27% | 58% | 83% |
| 01 Mar 2018 - 31 Aug 2018 | 27 Sept 2018 | 70 | 11% | 18% | 71% | 73% |
| 01 Sept 2017 - 28 Feb 2018 | 28 Mar 2018 | 71 | 10% | 22% | 68% | 68% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 Days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
91
A detailed dispute resolution process is included in our standard company terms and conditions along with a statement of entitlement to statutory adjudication and arbitration to allow for resolution of disputes
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
Altrad Support Services Limited is a UK-registered company previously known as Hertel (UK) Limited, renamed in 2021. Companies House records list its business activities as other construction installation, scaffold erection, and other specialised construction activities not elsewhere classified. It has been on the register since 1975 and remains an active private limited company. Its historic directors included representatives of Dutch parent entities, indicating it operates as part of a wider international corporate group specialising in industrial and construction support services. No further detail on specific projects, clients, or turnover is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk