IPSUM UTILITIES LIMITED carries an average payment time of 59 days, sitting just inside the 31–60 day bracket but heavily skewed toward the upper end of that range. The distribution reveals a concerning concentration of payments in the slower bands, with 43% settling between 31–60 days and 38% exceeding 60 days, leaving only 19% paid within 30 days. This pattern indicates a systematic preference for extended payment cycles rather than an occasional delay.
With 38% of invoices classified as late, payment behaviour from this company is notably unpredictable and poses a tangible cash flow risk to suppliers. The near-equal split between the 31–60 day and over-60-day brackets suggests inconsistency in when payments are ultimately settled, making accurate receivables forecasting difficult. Suppliers should not rely on stated terms being honoured, as the data points to structural rather than isolated payment delays.
IPSUM UTILITIES LIMITED represents a moderate-to-high payment risk profile, and suppliers should approach new or expanded credit terms with caution. It is advisable to implement shorter initial credit terms, conduct regular account reviews, and consider requiring deposits or staged payments on larger orders to reduce exposure. Setting internal credit limits and proactively managing overdue accounts will be essential to protecting cash flow when trading with this company.
| 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 2025 - 31 Dec 2025 | 02 Feb 2026 | 59 | 19% | 43% | 38% | 38% |
| 01 Jul 2024 - 31 Dec 2024 | 16 May 2025 | 35 | 53% | 29% | 18% | 18% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 38 | 44% | 34% | 22% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most frequently used payment terms is 60 days from invoice date. Payment runs are typically done on a bi-monthly basis.
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
60
The Ipsum Group aims to resolve all queries and disputes in a timely manner. All supplier queries can be addressed to ig.accountspayable.
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
Ipsum Utilities Limited is a private limited company operating within the utilities sector in the United Kingdom. The company's name indicates a focus on utility-related services, positioning it within an essential infrastructure-facing industry.
Incorporated on 8 March 2018, the company holds registration number 11243426 with Companies House and maintains an active status. Its registered office is located at Rochester House, Ackhurst Business Park, Foxhole Road, Chorley, PR7 1NY, placing the business in the North West of England.
Utilities companies of this type in the UK market typically provide services spanning the installation, maintenance, and repair of essential infrastructure networks, including gas, water, electricity, and telecommunications assets. Such organisations commonly work alongside major utility providers, local authorities, and infrastructure contractors to deliver both planned and reactive works across public and private networks.
With its base in Chorley, Ipsum Utilities Limited is well situated within a region that supports a broad range of infrastructure and construction activity, serving both urban and rural utility networks across the North West and potentially beyond.