| 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 Jul 2025 - 31 Dec 2025 | 22 Jan 2026 | 39 | 37% | 56% | 7% | 23% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 38 | 38% | 58% | 4% | 25% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 38 | 39% | 56% | 5% | 22% |
| 01 Jan 2024 - 30 Jun 2024 | 17 Jul 2024 | 44 | 38% | 56% | 6% | 23% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Jan 2024 | 39 | 39% | 56% | 5% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 41 | 33% | 60% | 7% | 26% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 49 | 29% | 60% | 11% | 36% |
| 01 Jan 2022 - 30 Jun 2022 | 07 Nov 2022 | 43 | 32% | 59% | 9% | 27% |
| 01 Jul 2021 - 31 Dec 2021 | 07 Nov 2022 | 44 | 35% | 53% | 12% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 07 Nov 2022 | 45 | 35% | 52% | 13% | 34% |
| 01 Jul 2020 - 31 Dec 2020 | 07 Nov 2022 | 51 | 33% | 50% | 17% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Nov 2022 | 45 | 33% | 54% | 13% | 38% |
| 01 Jul 2019 - 31 Dec 2019 | 07 Nov 2022 | 45 | 31% | 55% | 13% | 39% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Sept 2019 | 48 | 29% | 54% | 17% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 DAYS
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
UPS policy releases payment a few days before the due date during business days. Under invoice creation date (ICD) policy, invoices are received when they are available in UPS’s accounts payable processing sites. An invoice creation date is assigned when the invoice is available in the payment system.
Maximum contractual payment period agreed
90
UPS’ dispute resolution process is outlined in contractual agreement with each supplier and outlined in UPS Terms and Conditions.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Polar Speed Distribution Limited is a UK company registered as a road freight transport business. Its trading brand, Polar Speed, forms part of Marken, UPS Healthcare Precision Logistics, an international healthcare logistics group. The business provides temperature-controlled distribution for pharmaceutical and clinical products, including home delivery to patients, inter-hospital transport and external supplier distribution. It operates within a wider network of in-network pharmacies, warehousing and GMP-compliant depots supporting the group's patient-driven services. As part of the Marken/UPS Healthcare structure, Polar Speed contributes specialist UK distribution and delivery capability rather than the group's global clinical trial logistics, packaging or advanced therapy operations, which sit under the wider parent brand.
Generated from the company's website and Companies House records. Sources: polarspeed.com · polarspeed.com