LIKEWISE FLOORS LIMITED demonstrates a heavily back-weighted payment pattern, with 58% of payments settling beyond 60 days and an average payment time of 63 days, indicating a structural tendency toward extended payment cycles rather than an isolated trend. Only 19% of payments are made within the standard 30-day window, suggesting that prompt payment is the exception rather than the norm for this company. The concentration of payments in the over-60-day bracket points to a consistently slow payment culture that suppliers should treat as a baseline expectation.
Payment behaviour is relatively predictable in its slowness, with the 31-60 day bracket accounting for 23% and the over-60 day bracket dominating at 58%, creating a somewhat consistent, if unfavourable, distribution pattern. The late payment rate of 6%, while not alarmingly high, adds an additional layer of unpredictability for cash flow planning purposes. Suppliers can anticipate waiting well beyond standard terms in the majority of cases, making reliable short-term cash flow forecasting difficult when trading with this company.
LIKEWISE FLOORS LIMITED presents a moderate-to-high payment risk profile, driven primarily by an average settlement time of 63 days and over half of all payments falling outside the 60-day mark. Suppliers should consider extending payment terms contractually to reflect actual behaviour, pricing credit risk into quotations, or implementing credit limits to cap exposure. Requesting upfront deposits or shorter milestone-based payment schedules would be advisable risk mitigation strategies before extending significant credit to this company.
| 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 | 30 Jan 2026 | 63 | 19% | 23% | 58% | 6% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 62 | 19% | 26% | 55% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Given the large diverse supplier base, no single standard payment term arrangements exist, with each negotiated individually with the supplier with whom the Group has long-standing relationships. For the majority of suppliers, payments are typically made by the end of the second or third month from date of invoice with settlement discount available where compliant. Overhead suppliers, are typically paid on standard terms of end of first or second month payment runs (i.e. 30 - 60 days). Amendments to terms are agreed between both parties periodically.
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
135
When discrepancies arise in stock purchases—whether related to quantity or price—the system's auto-matching process will fail, triggering the need for manual invoice review. Once the issue is identified, a debit note is generated in the system and sent to the supplier, outlining the nature of the dispute. If the supplier acknowledges the error, they issue a credit note, which is then matched to the original debit note in the system. This matching process enables the invoice to be adjusted and approved. Once authorised, the invoice is scheduled for payment in the next payment run. For overhead invoices, approval is granted by the relevant purchasing manager based on an existing contract, order or quotation. If discrepancies are identified, they are communicated to the supplier. A credit note may be issued to address any differences, or the purchasing manager may approve the invoice for payment as-is.
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
Likewise Floors Limited is a private limited company operating within the flooring industry in the United Kingdom. As indicated by its name and its association with Likewise Group Plc, the company forms part of a wider corporate group with a focus on flooring products and related services.
The company was incorporated on 4 July 1996 and is registered in the United Kingdom under company number 03220392. Its registered office is located care of Likewise Group Plc at Unit 4 Radial Park, Radial Way, Birmingham Business Park, Solihull, Birmingham, B37 7WN. The company holds an active status, reflecting its continued operation since incorporation.
Flooring companies of this type in the UK market typically supply, distribute, and retail a broad range of floor coverings, including carpet, luxury vinyl tile, laminate, hardwood, and commercial flooring solutions. Such businesses serve both residential and commercial customers, providing products suited to a wide variety of interior environments and specifications.
With nearly three decades of trading history, Likewise Floors Limited represents an established presence within the UK flooring sector. Its association with Likewise Group Plc positions it within a structured corporate framework serving the broader flooring and distribution market.