CHESS DYNAMICS LIMITED typically pays within 39 days on average, with 57% of payments made within 30 days. However, a significant 43% of payments extend beyond 30 days, including 12% that are paid over 60 days, indicating a consistent proportion of slower payments.
Payment reliability is moderate, as nearly half of payments (43%) are made beyond 30 days, contributing to some unpredictability for suppliers. The 8% explicitly late payments and 12% over 60 days present a tangible risk of extended cash flow cycles and potential collection efforts.
Suppliers should approach CHESS DYNAMICS LIMITED with cautious optimism, factoring in the likelihood of a 39-day average payment cycle. Consider negotiating stricter payment terms, such as 30-day net, or requesting deposits for larger orders to mitigate the risk posed by the portion of significantly delayed payments.
| 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 Nov 2024 - 30 Apr 2025 | 18 Jun 2025 | 39 | 55% | 37% | 8% | 7% |
| 01 Nov 2023 - 30 Apr 2024 | 31 May 2024 | 38 | 68% | 26% | 6% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Trading normally takes place under terms '30 days end of month'.
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
60
Any concerns are raised with Accounts Payable team in the first instance. These are normally resolved at this level with the Procurement team being involved as necessary. If this is not resolved it will be escalated to the Finance Controller.
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
CHESS DYNAMICS LIMITED is an active private limited company, established and operating under UK company law. It maintains its legal status as a distinct business entity.
The company, registered under company number 03891212, was incorporated on 9 December 1999. Its registered office is located at Quadrant House North Heath Business Park, North Heath Lane, Horsham, West Sussex, England, RH12 5QE, situated within the South East region.
Private limited companies in the UK typically engage in a diverse range of commercial activities. These can encompass the provision of goods, services, manufacturing, or distribution across various sectors of the economy.