EUROPEAN CARGO LIMITED exhibits a consistent trend of payments extending beyond standard 30-day terms, with an average payment time of 38 days. While 59% pay within 30 days, a substantial 41% consistently pay between 31 and over 60 days. The high 58% late payment rate suggests a recurring pattern of delayed settlement.
Payment reliability for EUROPEAN CARGO LIMITED is moderate, given that 41% of payments extend beyond 30 days and 10% are significantly delayed past 60 days. This distribution indicates some unpredictability in payment timing for a substantial portion of invoices. The consistent 58% late payment rate presents a clear cash flow risk factor for suppliers.
Suppliers should consider EUROPEAN CARGO LIMITED a moderate payment risk, with a high likelihood of invoices being paid past standard 30-day terms. Key decision factors include the supplier's capacity to absorb payments averaging 38 days and manage potential delays of over 60 days for 10% of invoices. Mitigation strategies could involve tighter credit limits, shorter payment terms for initial orders, or requiring partial upfront payment for larger contracts.
| 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 | 26 Jan 2026 | 27 | 73% | 18% | 9% | 42% |
| 01 Jan 2025 - 30 Jun 2025 | 24 Jul 2025 | 38 | 59% | 31% | 10% | 58% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Mar 2025 | 37 | 55% | 36% | 9% | 65% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
For SMEs, European Cargo has standard payment terms of 30 days from receipt of goods or services. For other suppliers, European Cargo has standard payment terms of 60 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
90
Disputed invoices are either emailed or posted back to the supplier and also a notification is sent to the European Cargo requestor. Disputes related to payment can be raised by suppliers direct to the finance team or to senior management. Queries or disputes raised are addressed as soon as practical and the supplier engaged as appropriate.
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
EUROPEAN CARGO LIMITED operates as an active private limited company, focusing on cargo and freight services. Its business centres on the logistics and transportation of goods.
Incorporated on 23 December 2020, the company holds company number 13097241 and is currently active. Its registered office is located at 1 Enterprise Way, Aviation Park, Bournemouth International Airport, Hurn, Christchurch, United Kingdom, BH23 6BS, placing its operations within the South West region.
Companies like EUROPEAN CARGO LIMITED, which operate in the cargo sector, generally offer services such as freight forwarding, logistics planning, and the transportation of goods by various means. They also often provide solutions for supply chain management and warehousing for commercial clients in the UK market.
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