| 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 | 29 Jan 2026 | 30 | 56% | 43% | 1% | 24% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 31 | 58% | 41% | 1% | 23% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 31 | 55% | 44% | 1% | 21% |
| 01 Jan 2024 - 30 Jun 2024 | 12 Jul 2024 | 30 | 60% | 40% | 0% | 9% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 30 | 55% | 44% | 1% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 32 | 49% | 50% | 1% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company agrees appropriate terms of payment with suppliers for each Contract and we will pay invoices based on the date of submission in accordance with the relevant contract. The Company normally settles on 42 days however we do offer shorter payment periods than our standard terms with special regard to smaller companies requiring improved cash flow.
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
Correla has a dedicated team responsible for managing and paying supplier invoices on time to agreed payment terms. Initial contact point for all queries is queries.p2p@correla.com
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
Correla Limited is a UK-registered company incorporated in December 2020, originally named Xoserve Subsidiary A Ltd before being renamed Correla Limited in January 2021. Its registered activity is classified under SIC code 82990, other business support service activities not elsewhere classified. Associated industry tags point to application software, data management and data provision and analysis, particularly relating to energy utilities, suggesting the company provides data and software-related support services within the energy sector rather than producing energy itself. No further first-party description of its specific products or services is available from the evidence supplied, and the company remains active with its registered office in Solihull.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk