The average time to pay for OPENREACH LIMITED has remained consistent from 2020-2023, with no significant changes observed. The percentage of invoices paid within 30 days has also remained stable, while the percentage of invoices paid between 31-60 days has slightly decreased. The percentage of invoices paid later than 60 days has also slightly decreased.
There is low volatility in the average time to pay for OPENREACH LIMITED, with no significant changes observed over the three periods. There is also low volatility in the percentage of invoices paid within 30 days and between 31-60 days. However, there is slightly higher volatility in the percentage of invoices paid later than 60 days, with a slight decrease observed in the most recent period.
From 2020-2023, OPENREACH LIMITED has maintained an average time to pay of approximately 45 days. The percentage of invoices paid within 30 days has remained around 70%, while the percentage of invoices paid between 31-60 days has slightly decreased from 25% to 20%. The percentage of invoices paid later than 60 days has also slightly decreased from 5% to 3%.
| 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 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | |||||
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | |||||
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | |||||
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | |||||
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | |||||
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | |||||
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 |
Openreach Limited operates the UK's digital network infrastructure, building and maintaining broadband and telephone connections used by homes, businesses, schools, hospitals and other organisations. It is building the UK's Full Fibre broadband network, supplying wholesale access to over 650 communications providers such as BT, Sky and TalkTalk, who in turn sell services to end customers. The company manages fibre optic and copper cabling nationwide, including engineer visits, installations and repairs, and works with developers and landlords to connect new sites. Openreach Limited is a wholly-owned subsidiary of British Telecommunications plc, part of BT Group, but is independently governed and operates as a legally separate, regulated business.
Generated from the company's website and Companies House records. Sources: openreach.com · openreach.com