Explore 2050 Manufacturing Limited payment practices report
PennyFetch rating based on government data:
Good payerCompanies House no. 04040804
This rating is PennyFetch’s own assessment derived from data self-reported by Explore 2050 Manufacturing Limited to the UK government.
Avg. days to pay
34
UK median: 32
Outside agreed terms
15%
UK average: 24%
Trend
Getting faster
5 reports filed
Payment terms
7 to 90 days
Standard terms
Invoice payment breakdown
How Explore 2050 Manufacturing Limited compares
Explore 2050 Manufacturing Limited takes an average of 34 days to pay its suppliers, which is 2 days slower than the UK median of 32 days across 9,336 reporting companies. 15% of their invoices fall outside the agreed payment terms, compared to a national average of 24%. Their payment speed has been improving over time based on historical filings.
The “outside agreed terms” percentage measures how often the company pays after its own agreed payment terms (7 to 90 days), not against a fixed 30-day standard. A company with long payment terms can still be rated “Good payer” if it consistently meets those terms.
Payment history
| Period | Avg. days | % outside terms | % in 30d | % over 60d |
|---|---|---|---|---|
| Apr 2025 to Sept 2025 | 34 | 15% | 60% | 7% |
| Oct 2024 to Mar 2025 | 63 | 63% | 41% | 37% |
| Apr 2024 to Sept 2024 | 58 | 67% | 29% | 41% |
| Oct 2023 to Mar 2024 | 56 | 62% | 24% | 36% |
| Apr 2023 to Sept 2023 | 50 | 58% | 25% | 37% |
PennyFetch tracks your invoices, sends automatic payment reminders, and calculates statutory interest if anything goes overdue.
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All payment statistics on this page are self-reported by Explore 2050 Manufacturing Limited to the UK Government Payment Practices Reporting service . The government publishes this data but does not independently verify the figures. Published under the Open Government Licence v3.0.
Most recent report filed: Nov 2025. The rating labels on this page (e.g. “Good payer”, “Often outside terms”) are PennyFetch’s own classifications based on the reported data. They are not government ratings. This page is for informational purposes and does not constitute legal or financial advice.
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