THANET EARTH LIMITED exhibits a trend of generally prompt payments, with an average payment time of 27 days. While 58% of payments are completed within 30 days, a substantial 42% extend into the 31-60 day period, indicating a two-tiered payment pattern. Crucially, there is no trajectory towards very late payments, as 0% of payments exceed 60 days.
The payment profile suggests moderate predictability; while the average is good, the split between payments within 30 days and those extending to 31-60 days introduces some variability. A 22% late payment rate indicates a notable risk factor for suppliers, as almost a quarter of invoices may not be settled by the agreed due date. However, the complete absence of payments exceeding 60 days provides a ceiling on potential delays, mitigating extreme long-tail payment risk.
THANET EARTH LIMITED presents an acceptable payment risk profile, characterized by no payments exceeding 60 days and an average payment time within 30 days. Suppliers should consider the 42% likelihood of payments extending beyond 30 days and the 22% late payment rate when setting credit terms and managing cash flow expectations. Implementing clear payment terms and monitoring outstanding invoices closely will help mitigate potential minor cash flow disruptions for key decision factors.
| 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 Nov 2025 - 30 Apr 2026 | 29 May 2026 | 29 | 56% | 42% | 2% | 6% |
| 01 May 2025 - 31 Oct 2025 | 27 Nov 2025 | 30 | 56% | 43% | 1% | 4% |
| 01 Nov 2024 - 30 Apr 2025 | 28 May 2025 | 27 | 58% | 42% | 0% | 22% |
| 01 May 2024 - 31 Oct 2024 | 26 Nov 2024 | 28 | 57% | 42% | 1% | 2% |
| 01 Nov 2023 - 30 Apr 2024 | 17 May 2024 | 29 | 54% | 45% | 1% | 3% |
| 01 May 2023 - 31 Oct 2023 | 13 Nov 2023 | 29 | 55% | 43% | 2% | 2% |
| 01 Nov 2022 - 30 Apr 2023 | 23 May 2023 | 29 | 60% | 39% | 1% | 2% |
| 01 May 2022 - 31 Oct 2022 | 24 Nov 2022 | 30 | 58% | 40% | 2% | 1% |
| 01 Nov 2021 - 30 Apr 2022 | 12 May 2022 | 31 | 53% | 44% | 3% | 2% |
| 01 May 2021 - 29 Oct 2021 | 30 Nov 2021 | 31 | 56% | 40% | 4% | 3% |
| 31 Oct 2020 - 30 Apr 2021 | 13 May 2021 | 31 | 57% | 39% | 4% | 2% |
| 25 Apr 2020 - 30 Oct 2020 | 23 Nov 2020 | 32 | 52% | 45% | 3% | 2% |
| 26 Oct 2019 - 24 Apr 2020 | 18 May 2020 | 29 | 57% | 40% | 3% | 2% |
| 27 Apr 2019 - 25 Oct 2019 | 11 Nov 2019 | 29 | 54% | 42% | 4% | 1% |
| 27 Oct 2018 - 26 Apr 2019 | 14 May 2019 | 29 | 57% | 41% | 2% | 2% |
| 28 Apr 2018 - 26 Oct 2018 | 12 Nov 2018 | 32 | 50% | 47% | 3% | 1% |
| 29 Oct 2017 - 27 Apr 2018 | 01 May 2018 | 31 | 58% | 40% | 2% | 2% |
| 29 Apr 2017 - 28 Oct 2017 | 20 Feb 2018 | 36 | 55% | 39% | 6% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Thanet Earth Ltd has standard payment terms of 30 days for all new suppliers. 60% of suppliers have a payment terms of 30 days.
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 directly with suppliers on receipt of invoice or earlier if there is an issue with supply.
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
Thanet Earth Limited is a Kent-registered company, previously known as Thanet Earth Marketing Limited, Seed To Shelf Limited and Bealaw (855) Limited before adopting its current name in 2017. Companies House records its business activity as the wholesale of fruit and vegetables. The company is based at The Packhouse in Birchington, Kent, and has been active since incorporation in March 2007. Its filing history shows regular confirmation statements and full accounts, alongside registered charges, indicating an established trading operation within the fresh produce supply sector rather than a dormant or holding entity.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk