CREATIVE TECHNOLOGY LIMITED consistently demonstrates a trend of exceeding standard 30-day payment terms, with only 39% of payments completed within this period. The majority of invoices, 55%, are settled between 31 and 60 days, indicating a typical payment trajectory that extends into the subsequent month.
The 65% late payment rate signifies a significant lack of reliability and predictability regarding adherence to initial due dates. While most payments eventually fall within the 31-60 day window, the 6% exceeding 60 days introduces a moderate risk factor for extended delays in cash flow.
Suppliers should anticipate an average payment cycle of 36 days, with a high likelihood of payments being technically late compared to typical 30-day terms. It is recommended to adjust credit terms to reflect a 30-60 day expectation and implement proactive monitoring to mitigate potential cash flow impacts.
| 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 Jan 2025 - 30 Jun 2025 | 11 Jul 2025 | 38 | 35% | 58% | 7% | 77% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 36 | 39% | 55% | 6% | 65% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms are 30 days or at the end of the month following the later of delivery and acceptance of goods or completion of services and receipt of supplier’s valid invoice.
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
Disputes are notified first to the accounts payable team who will then escalate the matter as appropriate to the purchaser and then the relevant member of the senior management team. Appropriate contact is made with the supplier to find a mutually agreeable solution.
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
CREATIVE TECHNOLOGY LIMITED is a private limited company that operates within the technology sector. It focuses on delivering solutions that integrate creativity with advanced technological applications.
The company, registered as 02039109, is an active entity incorporated on 21 July 1986. Its registered office is located at Units 2 - 4 Manor Gate, Manor Royal, Crawley, England, RH10 9SX, placing its operations within the South East region of England.
Companies operating within the creative technology sector in the UK typically specialise in providing innovative solutions for events, installations, and various commercial applications. This often includes offering audio-visual services, immersive experiences, systems integration, and bespoke technological design and implementation.