The average payment time of 44 days indicates that COOPERVISION MANUFACTURING LIMITED consistently pays beyond standard 30-day terms. A dominant 53% of payments fall into the 31-60 day bracket, suggesting a regular pattern of extended payment cycles. Only 34% of invoices are settled within 30 days, reinforcing a trajectory towards slower payment.
While over half of payments occur within 31-60 days, the 36% late payment rate introduces a significant degree of unreliability for suppliers. The 13% of payments extending beyond 60 days specifically highlights a risk of substantial delays for a measurable portion of invoices. This data indicates that a notable percentage of payments will not be predictable within typical payment windows, posing a cash flow challenge.
Suppliers should anticipate an average payment cycle of around 44 days, with a significant risk of 36% of invoices being paid late. Key decision factors include adjusting internal cash flow projections and considering the impact of a 13% chance of payments extending beyond 60 days. Mitigate risk by negotiating clear payment terms, potentially requiring deposits for larger orders, or adjusting pricing to cover financing costs for extended credit.
| 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 Nov 2025 - 30 Apr 2026 | 15 May 2026 | 58 | 37% | 62% | 1% | 44% |
| 01 May 2025 - 31 Oct 2025 | 28 Nov 2025 | 51 | 41% | 59% | 0% | 51% |
| 01 Nov 2024 - 30 Apr 2025 | 29 May 2025 | 44 | 34% | 53% | 13% | 36% |
| 01 May 2024 - 31 Oct 2024 | 29 Nov 2024 | 48 | 27% | 58% | 15% | 36% |
| 01 Nov 2023 - 30 Apr 2024 | 31 May 2024 | 45 | 30% | 56% | 13% | 35% |
| 01 May 2023 - 31 Oct 2023 | 30 Nov 2023 | 47 | 29% | 57% | 13% | 39% |
| 01 Nov 2022 - 30 Apr 2023 | 31 May 2023 | 49 | 31% | 54% | 15% | 36% |
| 01 May 2022 - 31 Oct 2022 | 29 Nov 2022 | 46 | 34% | 57% | 10% | 26% |
| 01 Nov 2021 - 30 Apr 2022 | 31 May 2022 | 49 | 33% | 57% | 11% | 23% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 50 | 27% | 56% | 17% | 36% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 48 | 30% | 56% | 14% | 30% |
| 01 May 2020 - 31 Oct 2020 | 30 Nov 2020 | 49 | 26% | 52% | 21% | 49% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 45 | 35% | 54% | 10% | 21% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 48 | 33% | 53% | 14% | 24% |
| 01 Nov 2018 - 30 Apr 2019 | 30 May 2019 | 48 | 30% | 56% | 14% | 27% |
| 01 May 2018 - 31 Oct 2018 | 26 Nov 2018 | 51 | 26% | 56% | 18% | 33% |
| 01 Nov 2017 - 30 Apr 2018 | 30 May 2018 | 58 | 13% | 44% | 43% | 80% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Company standard terms are 75 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Exceptions to Company standard terms may be authorised as part of the contract negotiations where mutually beneficial terms may be agreed.
Maximum contractual payment period agreed
75
Where an invoice is subject to a dispute or query, the full invoice will be held in dispute until an agreement is reached between both parties. A credit note must be raised by the supplier immediately upon a dispute being upheld. Payment of the invoice will be made once the credit note has been received and validated.
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
CooperVision Manufacturing Limited is a UK entity within the CooperCompanies group, a global medical device business whose CooperVision division focuses on contact lenses and eye care products. Its registered activities cover the manufacture of medical and dental instruments and supplies, alongside non-specialised wholesale trade, and it is classified under the ophthalmology and opticians industry. The company operates from Fareham, Hampshire, and group evidence notes CooperVision has achieved LEED Gold certification at two UK facilities, indicating manufacturing operations based in the country. As part of the wider CooperCompanies group, it contributes to production supporting the group's global vision care business rather than trading independently.
Generated from the company's website and Companies House records. Sources: coopercos.com