Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 |
|---|---|---|---|---|---|---|
| 30 Jun 2025 - 28 Dec 2025 | 30 Jan 2026 | 60 | 26% | 28% | 46% | 4% |
| 30 Dec 2024 - 29 Jun 2025 | 28 Jul 2025 | 63 | 26% | 25% | 49% | 6% |
| 01 Jul 2024 - 29 Dec 2024 | 27 Jan 2025 | 61 | 29% | 24% | 47% | 9% |
| 25 Dec 2023 - 30 Jun 2024 | 02 Aug 2024 | 61 | 26% | 34% | 40% | 32% |
| 26 Jun 2023 - 24 Dec 2023 | 14 Feb 2024 | 63 | 28% | 39% | 33% | 24% |
| 26 Dec 2022 - 25 Jun 2023 | 26 Jul 2023 | 55 | 19% | 38% | 43% | 39% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 44 | 30% | 52% | 18% | 41% |
| 01 Jan 2022 - 30 Jun 2022 | 12 Aug 2022 | 46 | 29% | 36% | 35% | 54% |
| 28 Jun 2021 - 26 Dec 2021 | 03 Feb 2022 | 44 | 35% | 25% | 40% | 42% |
| 28 Dec 2020 - 27 Jun 2021 | 03 Sept 2021 | 25 | 76% | 16% | 8% | 30% |
| 29 Jun 2020 - 27 Dec 2020 | 03 Sept 2021 | 33 | 49% | 46% | 5% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed with key suppliers individually and may vary depending on the nature of the goods or services being provided. Standard payment terms for other suppliers are typically 60 days from invoice date.
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
130
Where discrepancies arise on either the price or volume of items received, these are referred to the business area receiving the goods or services for agreement with the supplier, supported by the accounts payable team. Where necessary, additional documentation (e.g. proof of delivery) is sought.
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
SOFOLOGY LIMITED is an active private limited company, incorporated on 16 December 1983, based in the North West region. Registered business activity: Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store.
From Companies House records.