COLT INTERNATIONAL LIMITED's average payment time is 51 days, indicating a consistent tendency to pay outside standard 30-day terms. A significant majority (51%) of payments fall into the 31-60 day bracket, suggesting a predictable but extended payment cycle for most transactions. Only 15% are paid within 30 days, showing a clear trajectory towards longer payment periods.
The 34% of payments exceeding 60 days, coupled with a 20% late payment rate, introduces a notable degree of unpredictability for suppliers. While a large portion pays within 60 days, the substantial tail of payments extending beyond this term suggests a moderate risk of delayed settlement. This indicates that while payment is generally expected, the exact timing can be unreliable, posing working capital challenges.
Overall, COLT INTERNATIONAL LIMITED exhibits a tendency towards extended payment terms, with an average of 51 days and a high proportion settling between 31-60 days. Suppliers should factor in these longer payment cycles when establishing credit terms and managing cash flow, as a fifth of payments are late. Consider implementing clear payment milestones, potential upfront payments for larger orders, or negotiating slightly shorter terms where possible to mitigate liquidity risks.
| 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 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 52 | 26% | 42% | 32% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
No changes to our standard payment terms have occurred since the last report. Working in the construction industry we have majority of our contractors and suppliers on agreed terms anywhere between 30-90 days. All other services are usually deemed 30 day terms.
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
No changes to our dispute resolution process since the last reporting period. Disputes are normally dealt with on an individual basis between our contracting partners to resolve all known issues.
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
COLT INTERNATIONAL LIMITED is an active private limited company that, based on its name, operates with an international scope within the commercial sector.
The company was incorporated on 14 August 1975, with company number 01222993. Its registered office is located in the South East of England at Colt House, Bedford Road, Petersfield, England, GU32 3QF.
Active private limited companies like COLT INTERNATIONAL typically engage in commercial activities, providing a range of goods or services to businesses or consumers. Given an international focus, such organisations often specialise in importing, exporting, global distribution, or delivering services across national borders.