Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 86.4/100 qualifies for PaymentCheck Certification
| 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 May 2025 - 31 Oct 2025 | 20 Nov 2025 | 21 | 84% | 16% | 0% | 14% |
| 01 Nov 2024 - 30 Apr 2025 | 30 May 2025 | 24 | 79% | 20% | 1% | 15% |
| 01 May 2024 - 31 Oct 2024 | 20 Dec 2024 | 18 | 87% | 12% | 1% | 19% |
| 01 Nov 2023 - 30 Apr 2024 | 23 Oct 2024 | 18 | 91% | 7% | 2% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We do not have standard terms of contract, these are set by our suppliers, under their preferred payment terms. Our most frequent payment terms are 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
30
When issues are identified, we contact the supplier with details of the dispute and negotiate a resolution to the issue. We aim to have all disputes corrected within payment terms. We will keep the supplier aware of impact to payment date.
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
Caroola Group Ltd is registered as a head office company (SIC 70100), acting as a holding entity within the wider Caroola group. Trading as Caroola Accountancy, the group provides accountancy, umbrella payroll and tax services to contractors, freelancers, sole traders and small businesses across sectors such as IT, legal, media and construction. Services include company formation, bookkeeping, VAT management and year end filing, delivered through fixed monthly fee packages and cloud accounting software. Client testimonials indicate the business previously traded as Clearsky before adopting the Caroola name. The group holds FCSA accredited member status and Cyber Essentials Plus certification, and offers access to partner services including business insurance and mortgage brokering.
Generated from the company's website and Companies House records. Sources: caroola.com · caroola.com