WAVENET LIMITED records an average payment time of 32 days, marginally exceeding the standard 30-day benchmark, with 63% of invoices settled within terms. The 29% share falling in the 31–60 day band indicates a consistent pattern of moderate delays rather than isolated late payments. This distribution suggests a structurally slow payment cycle rather than a deteriorating trend, though the baseline average already sits just outside acceptable terms.
A late payment rate of 22% signals meaningful unpredictability, meaning roughly one in five invoices will not be settled on time. The 8% of payments exceeding 60 days introduces a tail risk of extended cash flow gaps for suppliers, particularly those with tighter liquidity requirements. While the majority of payments do cluster in a predictable 0–60 day window, the elevated late rate reduces confidence in consistent on-time settlement.
WAVENET LIMITED presents a moderate payment risk profile — broadly manageable but requiring active monitoring due to the 22% late payment rate and a 32-day average that already breaches standard 30-day terms. Suppliers should consider incorporating payment buffer periods into cash flow planning and may want to negotiate shorter contractual payment terms or early payment incentives to offset the latency risk. For high-value contracts, requesting upfront deposits or milestone-based payments would provide meaningful protection against the 8% over-60-day exposure.
| 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 Oct 2025 - 31 Mar 2026 | 03 Jun 2026 | 32 | 63% | 29% | 8% | 22% |
| 01 Apr 2025 - 30 Sept 2025 | 16 Oct 2025 | 35 | 60% | 31% | 9% | 32% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
varies per supplier agreement, varies from on demand to end of month +60days
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
Disputes are raised via email and the account manager will investigate and rectify
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
Wavenet Limited, previously known as Dot Comm Consultancy Limited and briefly Intelnet Limited, is a UK company incorporated in 2000. It forms part of the Wavenet Group, being controlled by Wavenet (Holdings) Limited and, since 2021, Thetis Bidco Limited. According to its own description, Wavenet is a UK managed IT service provider offering cyber security, communications and connectivity services to businesses. Its registered activities cover wholesale of electronic and telecommunications equipment, wired telecommunications and other telecommunications services. The company has held numerous public sector contracts, including work for government bodies such as the National Audit Office and the Met Office, and operates as the trading and operating entity within the wider Wavenet Group structure, which includes several dissolved former subsidiaries.
Generated from the company's website and Companies House records. Sources: companiesintheuk.co.uk · find-and-update.company-information.service.gov.uk