Score of 82.8/100 qualifies for PaymentCheck Certification
THE FLANNELS GROUP LIMITED exhibits a primary trend of prompt payments, with 77% of invoices settled within 30 days, closely aligning with their 31-day average payment time. However, this is offset by a notable 12% of payments extending beyond 60 days, indicating an inconsistent payment trajectory rather than uniform speed across all transactions.
Despite the high percentage of payments within 30 days, the 12% of payments exceeding 60 days and the 2% officially late introduce considerable volatility and unpredictability. This suggests a material risk of extended payment cycles for a portion of invoices, making reliable cash flow forecasting challenging for suppliers.
Overall, THE FLANNELS GROUP LIMITED presents as a moderately reliable payer, but suppliers must account for the significant risk of delays on approximately one-fifth of invoices. Key decision factors include the supplier's ability to absorb potential 60+ day payment terms and manage the 2% late payment risk. Mitigation strategies could involve negotiating tighter payment schedules or instituting proactive invoice follow-up protocols.
| 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 |
|---|---|---|---|---|---|---|
| 28 Apr 2025 - 26 Oct 2025 | 23 Jan 2026 | 15 | 96% | 1% | 3% | 6% |
| 28 Oct 2024 - 27 Apr 2025 | 05 Jun 2025 | 31 | 77% | 11% | 12% | 2% |
| 29 Apr 2024 - 29 Oct 2024 | 06 Dec 2024 | 48 | 72% | 10% | 18% | 2% |
| 30 Oct 2023 - 28 Apr 2024 | 30 May 2024 | 64 | 69% | 12% | 19% | 9% |
| 30 Apr 2023 - 29 Oct 2023 | 15 Jan 2024 | 44 | 75% | 14% | 11% | 3% |
| 31 Oct 2022 - 30 Apr 2023 | 15 Aug 2023 | 48 | 63% | 16% | 19% | 18% |
| 25 Apr 2022 - 23 Oct 2022 | 20 Dec 2022 | 81 | 51% | 20% | 29% | 15% |
| 25 Oct 2021 - 24 Apr 2022 | 21 Jul 2022 | 49 | 57% | 22% | 22% | 10% |
| 26 Apr 2021 - 24 Oct 2021 | 06 Dec 2021 | 33 | 58% | 29% | 13% | 15% |
| 01 Nov 2020 - 25 Apr 2021 | 22 Sept 2021 | 51 | 54% | 14% | 32% | 46% |
| 01 May 2020 - 31 Oct 2020 | 02 Dec 2020 | 73 | 32% | 23% | 45% | 80% |
| 01 Nov 2019 - 30 Apr 2020 | 30 Nov 2020 | 43 | 33% | 53% | 14% | 46% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 42 | 48% | 29% | 23% | 55% |
| 01 Nov 2018 - 30 Apr 2019 | 30 May 2019 | 36 | 71% | 17% | 12% | 36% |
| 01 May 2018 - 31 Oct 2018 | 29 Nov 2018 | 50 | 40% | 34% | 26% | 46% |
| 01 Nov 2017 - 29 Apr 2018 | 29 May 2018 | 40 | 43% | 41% | 16% | 52% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
end of the month following date on 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
61
The Accounts Payable department is responsible for dispute resolution. Disputes are resolved by negotiation with individual suppliers to ensure that a resolution is reached before the payment due date.
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
THE FLANNELS GROUP LIMITED operates as an active private limited company. Its name, 'THE FLANNELS GROUP', indicates it functions as a group entity, typically overseeing a portfolio of businesses or brands.
Incorporated on 17 November 1988, the company is registered in England and Wales with company number 02318510. Its registered office is located at Unit A, Brook Park East, Shirebrook, NG20 8RY, situated in the East Midlands.
As a private limited company in the UK, THE FLANNELS GROUP LIMITED is structured to engage in a broad spectrum of commercial activities. This type of organisation typically provides goods or services within its defined business scope, which can range across various industries from retail and distribution to consultancy and property management, subject to its specific articles of association.
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