XAAR PLC demonstrates consistently slow payment behaviour, with an average payment time of 54 days and 96% of invoices paid beyond the standard 30-day benchmark. The dominant payment window falls within 31-60 days (53%), suggesting a habitual mid-range delay pattern, while a substantial 43% of payments extend beyond 60 days, indicating a significant portion of transactions carry prolonged settlement timelines.
With a 94% late payment rate, XAAR PLC presents highly unreliable payment behaviour, offering suppliers very limited predictability in cash flow planning. The wide spread across the 31-60 day and over-60-day bands signals inconsistent internal payment processes, meaning suppliers cannot reliably forecast when individual invoices will be settled beyond a broad 30-90 day window.
XAAR PLC represents a high payment risk supplier relationship, and suppliers should factor in extended payment cycles of up to 60+ days when managing working capital exposure. It is strongly advisable to negotiate shorter contractual payment terms to establish a documented baseline, apply late payment penalties where legally permissible, and consider credit insurance or reduced credit limits to protect against prolonged outstanding balances. Suppliers with tight liquidity requirements should approach this relationship with particular caution given the near-universal rate of late settlement.
| 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 2025 - 31 Dec 2025 | 27 Jan 2026 | 54 | 4% | 53% | 43% | 94% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Xaar’s standard terms are 60 days following the end of the month. https://www.xaar.com/media/2346/xaar-terms-and-conditions-of-purchase-v7-oct20.pdf However there are agreements with many suppliers where the terms differ from Xaar’s standard terms, and are in most cases shorter.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
120
Xaar is committed to building and maintaining strong relationships with our suppliers and seeks to resolve invoice queries/disputes with suppliers as quickly as possible. The majority of Xaar’s supplier relationships are covered by our standard terms and conditions. The dispute resolution process in these cases will be as stated below. Most invoices are issued against a Xaar purchase order. Queries for these invoices are passed by Accounts Payable to the Purchasing department, which is responsible for raising Purchase Orders with suppliers, for investigation and resolution. For any non-purchase order invoices, Accounts Payable will either raise queries with suppliers directly or will work in collaboration with the internal invoice owner in order to resolve with the supplier. Where there is a specific agreement in place with a supplier, a specified dispute resolution clause will be included in the agreement. The exact wording of the clause will vary but the process is likely to be that Xaar and the supplier will attempt to settle the dispute themselves; if no resolution is found then it will be taken to an independent body to resolve; and then to Court if the dispute cannot be resolved.
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
XAAR PLC is a publicly listed company operating within the United Kingdom. As a public limited company, it is subject to the regulatory requirements and corporate governance standards applicable to publicly traded entities in the UK.
XAAR PLC is registered in England and Wales under company number 03320972 and holds active status. The company was incorporated on 19 February 1997 and is located in the East of England region, with its registered office situated at 3950 Cambridge Research Park, Waterbeach, Cambridge, CB25 9PE.
As a public limited company based at Cambridge Research Park, XAAR PLC operates within an established centre for technology and innovation in the East of England. Public limited companies of this nature are structured to offer shares to the public and are held to stringent reporting and compliance obligations under UK company law.
The East of England, and Cambridge in particular, is recognised as a hub for technology-focused enterprises, and XAAR PLC forms part of this business community. The company has maintained its active status since incorporation, reflecting over two decades of continuous operation within the UK corporate environment.