IG DESIGN GROUP UK LIMITED exhibits a clear trend of extended payment cycles, with an average payment time of 54 days and only 11% of invoices settled within 30 days. A substantial 88% of payments consistently extend beyond 30 days, indicating a trajectory towards significantly longer payment periods for suppliers.
The high 84% late payment rate signifies significant unpredictability and low reliability in meeting standard payment deadlines, making cash flow forecasting challenging. The distribution, with a considerable 33% of payments exceeding 60 days, introduces substantial risk of prolonged cash flow delays for suppliers.
Suppliers should anticipate significantly extended payment terms and a high likelihood of payments arriving well beyond standard 30-day periods when dealing with this company. It is advisable to negotiate adjusted payment terms, such as shorter net periods or upfront payments, and carefully factor potential cash flow strain into pricing and operational planning.
| 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 Oct 2025 - 31 Mar 2026 | 07 May 2026 | 45 | 41% | 33% | 26% | 82% |
| 01 Apr 2025 - 30 Sept 2025 | 07 May 2026 | 34 | 32% | 56% | 12% | 74% |
| 01 Oct 2024 - 31 Mar 2025 | 07 May 2026 | 60 | 9% | 48% | 43% | 84% |
| 01 Apr 2024 - 30 Sept 2024 | 22 Oct 2024 | 53 | 13% | 50% | 37% | 80% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 54 | 11% | 55% | 33% | 84% |
| 01 Apr 2023 - 30 Sept 2023 | 27 Oct 2023 | 61 | 9% | 43% | 48% | 88% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 59 | 12% | 46% | 42% | 86% |
| 01 Apr 2022 - 30 Sept 2022 | 21 Oct 2022 | 62 | 11% | 39% | 50% | 86% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 64 | 7% | 39% | 54% | 90% |
| 01 Apr 2021 - 30 Sept 2021 | 18 Oct 2021 | 48 | 13% | 47% | 40% | 82% |
| 01 Oct 2020 - 31 Mar 2021 | 12 Apr 2021 | 55 | 10% | 40% | 50% | 88% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 53 | 8% | 42% | 50% | 88% |
| 01 Oct 2019 - 31 Mar 2020 | 01 May 2020 | 43 | 14% | 41% | 45% | 83% |
| 01 Apr 2019 - 30 Sept 2019 | 13 Jan 2020 | 45 | 17% | 43% | 40% | 76% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 50 | 13% | 53% | 33% | 84% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 55 | 14% | 45% | 41% | 82% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60days 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
90
Any complaint or concern will be considered by Finance and resolved within a reasonable timeframe
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
IG Design Group UK Limited is registered as a manufacturer of paper and paperboard articles, and its Eco Nature brand makes gift wrap and gift bags. The products and their packaging are described as fully recyclable, made from recycled materials and produced at a UK manufacturing site powered by renewable electricity. The company states its gift wrap range avoids plastic materials. It has partnered with the Woodland Trust, funding woodland creation through the Woodland Carbon Scheme to offset production emissions. The registered entity is based in Newport Pagnell and forms part of the wider Design Group UK operation referenced on the Eco Nature website.
Generated from the company's website and Companies House records. Sources: econature.uk · econature.uk