Score of 82.27/100 qualifies for PaymentCheck Certification
Chetwood Financial Limited demonstrates a generally prompt payment profile, with an average payment time of 19 days and 88% of invoices settled within 30 days. However, the 24% late payment rate signals a notable inconsistency between typical payment speed and actual compliance with agreed terms, suggesting that while most payments are processed quickly, a meaningful subset experience delays. The 3% of payments exceeding 60 days, though relatively small, indicates occasional significant holdups that suppliers should factor into cash flow planning.
The gap between the strong 19-day average and the 24% late payment rate points to an uneven payment process, where a reliable core of timely payments coexists with a recurring pattern of missed terms. The 9% of invoices falling in the 31–60 day band adds a moderate-risk tier that suppliers cannot dismiss, as nearly one in ten invoices will extend beyond standard terms. This variability reduces overall predictability, making it difficult for suppliers to rely solely on the average figure when managing receivables.
Chetwood Financial Limited presents a moderate-risk payment profile: broadly acceptable in speed but carrying a lateness rate of 24% that warrants attention from suppliers with tight liquidity requirements. Suppliers should consider building buffer time into payment expectations and may benefit from implementing clear follow-up protocols at the 30-day mark. Setting shorter net payment terms in contracts — such as net 14 or net 21 — could help align actual payment behavior more closely with agreed conditions and reduce exposure to late receipts.
| 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 Oct 2025 - 31 Mar 2026 | 29 Apr 2026 | 19 | 88% | 9% | 3% | 24% |
| 01 Apr 2025 - 30 Sept 2025 | 28 Oct 2025 | 26 | 90% | 10% | 0% | 27% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 31 | 72% | 18% | 10% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days from the date of the invoice and our maximum contractual payment is 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
Where any invoices sent for payment are subsequently disputed, either on the supplier side or the company side, they will be returned to the business for escalation and resolution within the business area.
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
Chetwood Financial Limited is a private limited company operating in the financial services sector. Registered and active in Wales, the organisation carries out financial activities under the Chetwood Financial brand.
The company was incorporated on 22 January 2016 and holds company registration number 09964966 at Companies House. Its registered office is situated at Ellice Way, Wrexham Technology Park, Wrexham, Wales, LL13 7YT.
Financial services companies of this type in the UK market typically provide a range of products and services including lending, savings accounts, and digital banking solutions. Such organisations operate within the regulatory framework established by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), serving both personal and business customers across the United Kingdom.
Chetwood Financial Limited represents part of the growing financial technology sector in Wales, contributing to the region's profile as a location for innovative financial services businesses.