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 woudl be negotiated in advance with the supplier.
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
60
If an issue with a product is raised by purchasing, goods in or quality departments then a reject note is raised and sent to the supplier. Finance are made aware whenever this happens and outstanding reject notes are tracked. A member of the finance team would follow up and 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, registered in Haslingden, Lancashire, is the UK operating company within the wider Camfil Group. Its own website describes Camfil as a manufacturer of commercial and industrial air filters and air filtration systems, including products for air pollution control, molecular contamination control and power systems, serving sectors such as biotech, heavy industry and cleanrooms. The company's Companies House classification covers other manufacturing not elsewhere classified, consistent with its role producing filtration equipment. Group material states the wider Camfil business has operated since 1963, designing energy-efficient filters and offering related testing, maintenance and support services. The UK entity forms part of this international manufacturing group rather than being a standalone brand.
Generated from the company's website and Companies House records. Sources: camfilfarr.com · camfilfarr.com