Score of 95.8/100 qualifies for PaymentCheck Certification
SYNECHRON LIMITED demonstrates a strong positive trend in payment speed, with an average payment time of just 14 days. A remarkable 98% of payments are completed within 30 days, indicating consistent and swift processing. This trajectory suggests a highly efficient and reliable payment pattern for suppliers.
Payment reliability is high, with nearly all invoices (98%) settled well within standard 30-day terms, providing excellent predictability for cash flow. Despite this, a 10% late payment rate, though minor, indicates a low level of unpredictability for a small fraction of invoices. A small tail risk exists as 1% of payments extend beyond 60 days, which suppliers should note.
Overall, SYNECHRON LIMITED presents a very low payment risk profile, primarily due to its swift average payment time of 14 days and 98% payments within 30 days. Suppliers can confidently establish credit terms, recognizing that only 10% of payments are late and a minimal 1% extend beyond 60 days. Standard credit policies are appropriate, with minor attention to occasional late payments being a prudent mitigation strategy.
| 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 | 30 Oct 2025 | 13 | 98% | 2% | 0% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from the receipt of invoice
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
Payment disputes are addressed as per standard terms and condition in the contract
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
SYNECHRON LIMITED functions as an active private limited company. This corporate structure enables the organisation to operate as a distinct legal entity with limited liability for its shareholders.
The company was incorporated on 2 October 2002 and holds company number 04551868. Its registered office is located at Seventh Floor, 95 Gresham Street, London, United Kingdom, EC2V 7NA, confirming its presence in London.
In the UK market, a private limited company typically provides a range of goods or services to its customers. These organisations aim to generate profit through their commercial activities, while offering the benefit of limited liability to their investors.