Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2025 - 30 Jun 2025 | 15 Aug 2025 | 43 | 33% | 43% | 24% | 39% |
| 01 Jul 2024 - 31 Dec 2024 | 11 Apr 2025 | 45 | 31% | 43% | 26% | 38% |
| 01 Jan 2024 - 30 Jun 2024 | 11 Apr 2025 | 45 | 33% | 42% | 25% | 34% |
| 01 Jul 2023 - 31 Dec 2023 | 02 May 2024 | 60 | 33% | 39% | 28% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment days are taken from the end of the month he invoice is received.
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
90
The Company is ISO9001 compliantand follows documented procedures to resolve disputes. If the finance department is unable to resolve the disute it is escalated to the purchasing manager and in rare instances to the Managing Director.
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
Precon Products Ltd is a private limited company registered in Ipswich, Suffolk, incorporated in February 2007. According to Companies House records, its registered business activities are the wholesale of metals and metal ores, and the wholesale of wood, construction materials and sanitary equipment. It is listed under industries covering building materials, tools and accessories, and chemicals distribution and wholesale. The company remains active, with its most recent accounts made up to 31 December 2025. No further detail on trading brands, customer base or specific product lines is available from the evidence supplied, so this summary is limited to the registered nature of business as filed.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk