ON-HIRE LIMITED
Company Information
- Company Number
- 03916876
- Registered Address
- Saxon House, Heaton Road, Newcastle Upon Tyne, England, NE6 1SE
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 31 January 2000
- Nature of Business
- 77110 - Renting and leasing of cars and light motor vehicles96090 - Other service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
ON-HIRE LIMITED demonstrates an average payment time of 26 days, with 61% of payments settled within 30 days. However, a significant 38% of invoices are paid within the 31-60 day period, indicating a tendency for a substantial portion of obligations to extend beyond a typical 30-day term. Only 1% of payments exceed 60 days, suggesting a consistent pattern of resolving most invoices within two months.
Volatility Analysis
The company exhibits very low payment volatility, with only 1% of payments extending beyond 60 days and an overall late payment rate of just 3%. This profile indicates a high degree of reliability and predictability, as suppliers can confidently anticipate payment within a 30-60 day window for nearly all transactions. The minimal incidence of extremely delayed or late payments suggests a stable and trustworthy payment behavior.
Summary Analysis
ON-HIRE LIMITED presents a generally favorable payment risk profile, characterized by prompt resolution for the majority of invoices and exceptionally low late payment rates. Suppliers should factor in the 38% of payments occurring within 31-60 days when setting payment terms, rather than solely relying on the 26-day average. Given the low 3% late payment rate, extensive risk mitigation strategies are not critically necessary, but clear terms aligning with a 30-60 day cycle would be prudent.
Performance Reports History
| 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 Apr 2025 - 30 Sept 2025 | 05 Nov 2025 | 26 | 66% | 32% | 2% | 6% |
| 01 Apr 2024 - 30 Sept 2024 | 02 Apr 2025 | 26 | 61% | 38% | 1% | 3% |
| 01 Oct 2023 - 31 Mar 2024 | 07 Jun 2024 | 25 | 66% | 33% | 1% | 1% |
| 01 Apr 2023 - 30 Sept 2023 | 07 Jun 2024 | 24 | 70% | 29% | 1% | 1% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Repairs- Invoices received and accepted between the 11th to the 24th of any month are paid on the 30th of that month and invoices received and accepted between the 25th of any month to the 10th of the next month are paid on the 15th of that month. Hire- Invoices received between 1st to end of month are paid 20th of the following month R&S- Invoices received between 1st to end of month are paid 25th of the following month
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
60
Dispute Resolution Process
Invoices received are reviewed against our case management system by the Accounts payable team, any difference in data is referred back to the supplier for review. We conduct regular statement reconciliations with our suppliers. We liaise directly with our suppliers to resolve any outstanding issues, payment is made on resolution of query.
Other Payment Information
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
ON-HIRE LIMITED is an active private limited company that operates within the hire sector.
This company, with company number 03916876, was incorporated on 31 January 2000. It is based in the North East, with its registered office located at Saxon House, Heaton Road, Newcastle Upon Tyne, England, NE6 1SE.
Companies operating in the UK hire sector typically provide a range of services. These commonly include the rental of equipment such as plant machinery, tools, or event infrastructure, vehicle hire, and the provision of temporary staffing solutions across various industries.
