Element Six Technologies Limited demonstrates a consistently slow payment pattern, with an average payment time of 47 days, sitting firmly within the 31–60 day bracket that accounts for 46% of all payments. Only 27% of payments are made within the standard 30-day window, indicating that early or on-time settlement is the exception rather than the norm. The concentration of payments in the 31–60 day range suggests a habitual extended payment cycle rather than isolated delays.
With 61% of payments classified as late and 27% exceeding 60 days, this company presents a high-risk payment profile with significant unpredictability for cash flow planning. The near-equal split between sub-30-day (27%) and over-60-day (27%) payments indicates a wide variance in behaviour, making it difficult to forecast when any given invoice will be settled. This inconsistency amplifies supplier risk, as a material portion of payments extend well beyond contractual terms.
Element Six Technologies Limited carries a high payment risk rating and suppliers should factor extended payment timelines of 47+ days into their cash flow forecasting as a baseline expectation. Engaging with this company on shorter payment terms without enforcement mechanisms is unlikely to yield reliable results given the 61% late payment rate. Suppliers are advised to consider measures such as early payment incentives, stricter credit limits, or advance payment requirements to mitigate exposure before extending significant credit.
| 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 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 47 | 27% | 46% | 27% | 61% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We operate standard payment terms in line with industry requirements and to meet the needs of our supply chain. For smaller suppliers, these are up to 30 days and for larger suppliers these are up to 60 days (or longer with mutual agreement).
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
We operate an accounts payable function within office hours providing the ability for all suppliers to raise queries or complaints for all invoices or payments. We will discuss and resolve the dispute based on the specific circumstances and in accordance with the terms of the contract or purchase order terms and conditions.
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
Element Six Technologies Limited is a private limited company operating in the advanced materials and technology sector. The company's name references Element Six, a well-established identity associated with synthetic diamond and superhard materials development, positioning it within the high-technology manufacturing and research space.
The company was incorporated on 7 September 2012 and is registered in England and Wales under company number 08206603. Its registered office is located at the Global Innovation Centre, Fermi Avenue, Harwell Oxford, Didcot, Oxfordshire, OX11 0QR, placing it within the South East region and at the heart of the Harwell Science and Innovation Campus, a prominent UK hub for advanced technology businesses.
Companies operating in the synthetic diamond and superhard materials sector in the UK typically provide specialist products and technologies for industrial, electronic, and scientific applications. These include cutting and grinding tools, thermal management components, optical elements, and detector technologies used across industries such as aerospace, defence, mining, and semiconductors.
Element Six Technologies Limited remains an active company, continuing to operate from its Oxfordshire base within one of the United Kingdom's leading science and technology campuses.