INNOVUS BUSINESS SERVICES LIMITED demonstrates a notably slow payment profile, with an average settlement time of 67 days, well beyond standard 30-day terms. The majority of payments (71%) fall outside the 30-day window, with 45% settling in the 31–60 day range and a significant 26% exceeding 60 days. This distribution indicates a consistent pattern of extended payment cycles rather than isolated delays.
With 63% of payments classified as late, the company presents a high-risk reliability profile for suppliers dependent on predictable cash flow. The spread across multiple payment brackets — from under 30 days to over 60 days — suggests inconsistent internal payment processes rather than a uniform, albeit slow, schedule. This unpredictability compounds the risk, as suppliers cannot reliably forecast when invoices will be settled.
INNOVUS BUSINESS SERVICES LIMITED represents a elevated payment risk, and suppliers should exercise caution before extending standard credit terms. It is advisable to negotiate shorter payment terms upfront, apply late payment penalties within contracts, or consider requiring partial payment in advance to reduce exposure. Regular credit monitoring and invoice follow-up protocols should be implemented as standard practice when engaging 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 | 03 Feb 2026 | 67 | 29% | 45% | 26% | 63% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Group standard terms are 60 days as default for any new contractors, anything shorter goes through divisional FD approval
Were there any changes to the standard payment terms in the reporting period?
Payment terms alter on a case-by-case basis after being approved by the entities FD, this is a variation to the standard/established terms a contractor is set up with, not a group overall amendment
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Where a dispute would arise regarding works/contracts the users within our business who arranged/are responsible for said contract will liaise with the party to negotiate/resolve the dispute via communications e.g. emails, phone calls, meetings Once this is done e.g. there is no further dispute, the costs/relating bills are forwarded for payment.
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
Innovus Business Services Limited is a private limited company operating within the business services sector in the United Kingdom. The company is focused on delivering professional business support and advisory solutions to its clients.
The company was incorporated on 30 March 2023 and is registered in London under company number 14769299. Its registered office is located at Fifth Floor The Lantern, 75 Hampstead Road, London, England, NW1 2PL, placing it within one of the UK's most prominent commercial centres.
Business services companies of this type in the UK market typically provide a range of professional support functions, which can include operational consultancy, administrative services, process management, and organisational development. These firms serve as specialist partners to businesses seeking to improve efficiency and streamline their core functions.
As an active company established in 2023, Innovus Business Services Limited operates within a well-established and competitive sector that plays a significant role in supporting commercial activity across the United Kingdom.