CAMFIL LIMITED's average payment time of 51 days indicates a consistent tendency to pay significantly beyond standard 30-day terms. The vast majority of payments (52%) fall within the 31-60 day bracket, while a substantial 32% routinely extend beyond 60 days.
While a large portion of payments are somewhat predictable within the 31-60 day range, the 32% exceeding 60 days introduces notable unpredictability for supplier cash flow planning. The 11% direct late payment rate, coupled with the extended average payment time, signifies a moderate risk to timely settlement reliability.
Suppliers should anticipate an average payment cycle of approximately 51 days from CAMFIL LIMITED, with a significant portion extending beyond 60 days. It is advisable to factor these extended terms into financial planning and potentially negotiate terms that align with a 60-day cycle to mitigate the consistent delay and 11% late payment risk.
| 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 | 31 Jan 2025 | 53 | 16% | 56% | 28% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 51 | 16% | 52% | 32% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms are 30 or 60 days EOM depending on volume and value. This distinction would be negotiated in advance with supplier.
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
60
A member of the finance team would raise a query with the supplier and liase with them and purchasing in order to resolve the matter.
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
CAMFIL LIMITED operates as an active Private limited Company in the UK. This legal structure enables the organisation to conduct commercial activities as a distinct corporate entity.
The company is registered under company number 01404355. It was incorporated on 8 December 1978 and maintains its registered office at Knowsley Road, Haslingden, Lancashire, BB4 4EG, situated within the North West region of the UK.
Private limited companies in the UK typically engage in a broad spectrum of commercial activities. These organisations can specialise in various sectors, providing goods or services such as manufacturing, retail, professional services, or consultancy to meet market demands.