Industry ranking
| 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 Apr 2024 - 30 Sept 2024 | 20 May 2025 | 42 | 18% | 74% | 8% | 8% |
| 01 Oct 2023 - 31 Mar 2024 | 27 Sept 2024 | 42 | 20% | 72% | 8% | 8% |
| 01 Apr 2023 - 30 Sept 2023 | 02 Apr 2024 | 42 | 16% | 76% | 8% | 8% |
| 01 Oct 2022 - 31 Mar 2023 | 02 Apr 2024 | 42 | 21% | 70% | 9% | 9% |
| 01 Apr 2022 - 30 Sept 2022 | 09 Feb 2023 | 39 | 22% | 71% | 7% | 7% |
| 01 Oct 2021 - 31 Mar 2022 | 26 Sept 2022 | 42 | 20% | 70% | 10% | 10% |
| 01 Apr 2021 - 31 Oct 2021 | 14 Feb 2022 | 42 | 18% | 73% | 9% | 9% |
| 01 Oct 2020 - 31 Mar 2021 | 17 Sept 2021 | 42 | 20% | 71% | 9% | 9% |
| 01 Apr 2020 - 30 Sept 2020 | 18 Dec 2020 | 41 | 19% | 72% | 9% | 9% |
| 01 Oct 2019 - 31 Mar 2020 | 17 Jun 2020 | 42 | 16% | 75% | 9% | 9% |
| 01 Apr 2019 - 30 Sept 2019 | 16 Jan 2020 | 43 | 17% | 75% | 8% | 8% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 39 | 13% | 79% | 8% | 8% |
| 01 Oct 2017 - 31 Mar 2018 | 01 May 2018 | 35 | 27% | 72% | 1% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
net monthly (30 days end of month)
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
75
Pricing queries: contact supplier immediately upon receipt of invoice and credit note requested. Quality queries: supplier contacted immediately and face to face meeting organised to discuss and resolve - a credit note may be received. Upon receipt of credit notes the associated invoices are paid promptly as agreed
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
Instarmac Group plc is a British manufacturer and distributor of cement and bitumen based construction products, trading under brands including UltraCrete, UltraScape, UltraTile and UltraFloor. Its materials are used in highway maintenance, paving schemes, tiling, commercial flooring and internal finishing, serving sectors such as highways, utilities, rail, retail, hospitality, education and healthcare. The company operates its own research and development facility and has been established since 1977, based in Tamworth, Staffordshire. It is part of Instarmac Holdings, described as a group of manufacturing and distribution businesses in the UK. The company provides technical, site and marketing support alongside its product range.
Generated from the company's website and Companies House records. Sources: instarmac.co.uk · instarmac.co.uk