Industry ranking
The average time taken for CROWN AGENTS LIMITED to pay invoices to suppliers has been steadily decreasing over the past five periods, with a slight increase in the most recent period.
The percentage of invoices paid within 30 days has fluctuated the most, with a high of 72% in the most recent period and a low of 44% in the first period. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a high of 40% in the fourth period and a low of 21% in the eighth period. The percentage of invoices paid later than 60 days has been consistently low, with a high of 22% in the first period and a low of 7% in the eighth period.
From Jan 2019 to Jun 2023, CROWN AGENTS LIMITED has shown a steady decrease in the average time taken to pay invoices to suppliers, going from 49 days to 35 days. The percentage of invoices paid within 30 days has also increased from 44% to 64%, while the percentage of invoices paid between 31 and 60 days has fluctuated between 34% and 26%. The percentage of invoices paid later than 60 days has consistently remained low, ranging from 7% to 22%.
| 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 Jan 2023 - 30 Jun 2023 | 06 Sept 2023 | 35 | 64% | 26% | 10% | 40% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 37 | 63% | 23% | 14% | 42% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 32 | 72% | 20% | 9% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 33 | 72% | 21% | 7% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 40 | 67% | 21% | 12% | 35% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 33 | 65% | 24% | 11% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 37 | 55% | 30% | 15% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 34 | 52% | 40% | 8% | 55% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 37 | 55% | 34% | 11% | 53% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 36 | 48% | 36% | 16% | 52% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 49 | 44% | 34% | 22% | 57% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 day standard payment terms
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
45
Suppliers e-mail invoices across to the Accounts Payable department. Any queries will be raised with Suppliers, which should avoid disputes. The Accounts Payable department will pick up Supplier queries via the Crown Agents Limited mailbox immediately.
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
Crown Agents Limited is a UK-registered company originally incorporated in 1996 as The Crown Agents for Oversea Governments and Administrations Limited, before being renamed Crown Agents Limited in 2013. Its registered business activities are classified as management consultancy activities other than financial management, and other service activities not elsewhere classified. Companies House records show the company is currently in liquidation, having been placed under a winding up order by the court in 2024, with a liquidator appointed and progress reports subsequently filed. No further detail on specific services or clients is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk