Score of 98.1/100 qualifies for PaymentCheck Certification
GRENSUE LTD demonstrates a strong payment performance profile, with an average settlement time of just 14 days, well ahead of standard 30-day terms. An overwhelming 97% of invoices are paid within 30 days, indicating a consistent and disciplined payment culture. The minimal presence of late-stage payments (2% in the 31–60 day bracket and 1% beyond 60 days) suggests no systemic delays or deteriorating payment behaviour.
With only 3% of payments classified as late, GRENSUE LTD presents a low-volatility, highly predictable payment profile. The concentration of payments within the sub-30-day window reduces cash flow uncertainty for suppliers, minimising the need for credit risk provisions. The marginal 1% of invoices exceeding 60 days is unlikely to represent a structural risk, though it warrants monitoring to ensure it does not increase over time.
GRENSUE LTD represents a low-risk customer, and suppliers can engage with confidence based on its demonstrated payment reliability and above-average settlement speed. Standard credit terms of 30 days are appropriate, and there is little evidence to support imposing more restrictive conditions. As a precautionary measure, suppliers may wish to flag invoices approaching the 45-day mark for proactive follow-up, given the small but present tail of 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 Jan 2024 - 30 Jun 2024 | 19 Jul 2024 | 14 | 97% | 2% | 1% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
90% of the invoices are paid on a direct debit basis and are collected within 30 days from the date of the invoice. All other invoices are paid within the terms as agreed with the supplier.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No comment required
Maximum contractual payment period agreed
45
As 90% of invoices are paid on a direct debit basis there would be no dispute which would hold up payment, any disputed amount would be credited or debited the following month. The other 10% being smaller local business with long standing personal relationships, would be resolved within the payment terms by a simple phone discussion and an agreed resolution.
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
GRENSUE LTD is an active private limited company, incorporated on 20 November 2002, based in the East Midlands region. Registered business activity: Take-away food shops and mobile food stands.
From Companies House records.