INVERTEK DRIVES LIMITED demonstrates a consistently slow payment pattern, with an average payment time of 72 days, significantly exceeding standard 30-day terms. The majority of payments — 72% — fall beyond the 30-day threshold, with a heavily weighted 40% occurring beyond 60 days, indicating a structural tendency toward extended payment cycles rather than isolated delays.
With 70% of invoices paid late, payment behaviour is highly unreliable and difficult to predict, posing a meaningful cash flow risk to suppliers. The spread across all three payment bands — 28% within 30 days, 32% between 31–60 days, and 40% beyond 60 days — suggests inconsistent internal payment processes rather than a fixed extended-term policy, making accurate receivables forecasting particularly challenging.
INVERTEK DRIVES LIMITED represents a high-risk payment profile that warrants careful consideration before extending standard credit terms. Suppliers should consider implementing shorter initial credit limits, requesting upfront partial payments, or applying late payment surcharges to offset the financial exposure. At minimum, proactive invoice follow-up processes and tighter credit controls should be established before onboarding or expanding trading terms with 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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 72 | 28% | 32% | 40% | 70% |
| 01 Jul 2024 - 31 Dec 2024 | 05 Jun 2025 | 76 | 28% | 10% | 62% | 42% |
| 01 Jan 2024 - 30 Jun 2024 | 05 Jun 2025 | 68 | 20% | 27% | 53% | 46% |
| 01 Jul 2023 - 31 Dec 2023 | 05 Jun 2025 | 69 | 16% | 52% | 32% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 05 Jun 2025 | 65 | 23% | 21% | 56% | 38% |
| 01 Jul 2022 - 31 Dec 2022 | 05 Jun 2025 | 73 | 17% | 18% | 65% | 36% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Jun 2025 | 63 | 22% | 39% | 39% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 05 Jun 2025 | 69 | 18% | 38% | 44% | 34% |
| 01 Jan 2021 - 30 Jun 2021 | 05 Jun 2025 | 79 | 14% | 26% | 60% | 37% |
| 01 Apr 2020 - 31 Dec 2020 | 05 Jun 2025 | 61 | 12% | 41% | 47% | 35% |
| 01 Oct 2019 - 31 Mar 2020 | 05 Jun 2025 | 80 | 10% | 32% | 58% | 39% |
| 01 Apr 2019 - 30 Sept 2019 | 05 Jun 2025 | 72 | 24% | 38% | 38% | 34% |
| 01 Oct 2018 - 31 Mar 2019 | 05 Jun 2025 | 73 | 11% | 20% | 69% | 44% |
| 01 Apr 2018 - 30 Sept 2018 | 05 Jun 2025 | 75 | 8% | 3% | 89% | 47% |
| 01 Oct 2017 - 31 Mar 2018 | 05 Jun 2025 | 75 | 13% | 29% | 58% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our most common payment terms for goods are 30 days end of month, although a portion of our suppliers grant us terms of 60 days, and a very small number of suppliers permit longer terms. Many invoices for services are usually paid within 14 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Supplier invoices are matched to purchase orders and goods received notes. If supplier invoices cannot be perfectly matched to goods received notes then we resolve differences with the supplier before processing and paying.
Maximum contractual payment period agreed
120
Invoice discrepancies are raised with the supplier as soon as they are noted. The supplier payment run is a continuous daily process and maintain a regular dialogue with our suppliers to ensure all that discrepancies are resolved as quickly as possible.
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
Invertek Drives Limited is a private limited company operating in the field of drive technology and power electronics. The company's name indicates a specialism in inverter-based drive systems, which are used to control the speed and torque of electric motors across a wide range of industrial and commercial applications.
The company is registered in Wales under company number 03504834 and maintains its registered office at Offa's Dyke Business Park, Welshpool, Powys, SY21 8JF. Incorporated on 5 February 1998, Invertek Drives Limited has maintained an active trading status throughout its operational history.
Companies operating in the variable frequency drive and inverter technology sector typically design, manufacture, and supply electronic drive products for use in industries such as HVAC, water treatment, manufacturing, and building services. These products enable precise motor control, contributing to improved energy efficiency and operational performance in a variety of environments.
As an established business within the Welsh industrial and technology sector, Invertek Drives Limited forms part of the broader UK market for power conversion and motor control solutions. The company's long-standing active status reflects its continued presence within this specialist engineering sector.