Joules Limited payment practices report
PennyFetch rating based on government data:
Mostly outside termsCompanies House no. 02934327
This rating is PennyFetch’s own assessment derived from data self-reported by Joules Limited to the UK government.
This company’s most recent filing is from Jun 2022. The data may not reflect their current payment practices. Companies can improve or change their payment behaviour between reporting periods.
Avg. days to pay
63
UK median: 32
Outside agreed terms
54%
UK average: 24%
Trend
Getting slower
10 reports filed
Payment terms
7 days
Standard terms
Invoice payment breakdown
How Joules Limited compares
Joules Limited takes an average of 63 days to pay its suppliers, which is 31 days slower than the UK median of 32 days across 9,336 reporting companies. 54% of their invoices fall outside the agreed payment terms, compared to a national average of 24%. Their payment speed has been getting worse over time based on historical filings.
The “outside agreed terms” percentage measures how often the company pays after its own agreed payment terms (7 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 |
|---|---|---|---|---|
| Nov 2021 to May 2022 | 63 | 54% | 34% | 36% |
| May 2021 to Nov 2021 | 56 | 45% | 30% | 29% |
| Nov 2020 to May 2021 | 59 | 37% | 44% | 45% |
| Jun 2020 to Nov 2020 | 65 | 39% | 33% | 46% |
| Nov 2019 to May 2020 | 54 | 51% | 29% | 24% |
| May 2019 to Nov 2019 | 50 | 39% | 27% | 25% |
| Nov 2018 to May 2019 | 46 | 45% | 33% | 14% |
| May 2018 to Nov 2018 | 41 | 45% | 38% | 11% |
| Nov 2017 to May 2018 | 30 | 40% | 65% | 8% |
| May 2017 to Nov 2017 | 29 | 43% | 59% | 10% |
PennyFetch sends automatic payment reminders so you don’t have to chase. If they still don’t pay, it calculates statutory interest and generates a Letter Before Action as a PDF.
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All payment statistics on this page are self-reported by Joules 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: Jun 2022. 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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