BOLT SERVICES UK LIMITED maintains an average payment time of 26 days, which sits comfortably within the 30-day threshold and suggests a generally prompt payment culture. The majority of payments (81%) are settled within 30 days, with a moderate tail of 12% falling in the 31-60 day range and a smaller 7% exceeding 60 days. This distribution indicates a broadly acceptable payment speed, though the presence of late-stretching payments suggests inconsistency in processing for a subset of invoices.
Despite the favourable average, the late payment rate of 47% is a significant concern, indicating that nearly half of all invoices are not settled on their originally agreed terms regardless of how quickly they are ultimately paid. This disconnect between average payment speed and late payment frequency points to unreliable adherence to contractual payment terms, which introduces cash flow unpredictability for suppliers. The 7% of invoices exceeding 60 days further amplifies this risk, representing a meaningful proportion of transactions that could create working capital strain.
BOLT SERVICES UK LIMITED presents a mixed risk profile — reasonable payment speed overall but poor compliance with agreed payment terms, making them a moderate-to-elevated risk supplier relationship. Suppliers should consider implementing shorter agreed payment terms to align contractual deadlines closer to the company's actual 26-day average, reducing the likelihood of technical late payments. It is also advisable to establish clear credit limits, monitor invoice ageing actively, and build contractual provisions for late payment interest to protect against the 7% of invoices that extend beyond 60 days.
| 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 2023 - 31 Dec 2023 | 09 Sept 2025 | 32 | 85% | 7% | 8% | 47% |
| 01 Jan 2023 - 30 Jun 2023 | 09 Sept 2025 | 26 | 81% | 12% | 7% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Bolt Services UK Limited's ("Bolt's") standard payment terms for all new suppliers are 30 days from the date an invoice is received. In certain cases, such as legacy arrangements or where specific contractual agreements apply, the agreed payment period may differ from this standard. Bolt's payment terms are included in its standard Terms and Conditions for Goods or Services ("Terms and Conditions") (which are not publicly available on Bolt's website). In the event that the Terms and Conditions are not incorporated for the purposes of the qualifying contract, payment terms are included in the relevant contract terms.
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
180
Bolt Services UK Limited ("Bolt") is committed to resolving payment-related disputes promptly and constructively through open and transparent communication. In the event of a dispute, Bolt's Accounts Payable team engages directly with the supplier to investigate and address the issue, typically through proactive email correspondence. Where resolution cannot be reached at this level, the matter is escalated internally to the appropriate Functional Leader to ensure timely and fair resolution.
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
BOLT SERVICES UK LIMITED is a private limited company operating within the services sector in the United Kingdom. The company's name indicates a focus on bolt-related services, which encompasses specialist work in fastening, securing, and mechanical fixing solutions across various industries.
The company was incorporated on 14 November 2017 and is registered in England and Wales under company number 11063356. Its registered office is located at Unit J, Taper Studios, 175 Long Lane, London, SE1 4GT, positioning the business within the well-connected Leather Market district of South East London.
Companies operating in the bolt and fastening services sector in the UK typically provide installation, maintenance, and inspection of bolted connections and fixings across construction, engineering, and industrial environments. Such businesses often serve clients in infrastructure, manufacturing, and commercial construction, delivering technical expertise in mechanical fastening systems.
BOLT SERVICES UK LIMITED holds an active status, confirming that the company continues to operate and meet its obligations as a registered business entity in England and Wales.