Prospects Services payment practices report
PennyFetch rating based on government data:
Good payerCompanies House no. 03042176
This rating is PennyFetch’s own assessment derived from data self-reported by Prospects Services to the UK government.
This company’s most recent filing is from Oct 2024. The data may not reflect their current payment practices. Companies can improve or change their payment behaviour between reporting periods.
Avg. days to pay
13
UK median: 32
Outside agreed terms
2%
UK average: 24%
Trend
Stable
9 reports filed
Payment terms
30 days
Standard terms
Invoice payment breakdown
How Prospects Services compares
Prospects Services takes an average of 13 days to pay its suppliers, which is 19 days faster than the UK median of 32 days across 9,336 reporting companies. 2% of their invoices fall outside the agreed payment terms, compared to a national average of 24%.
The “outside agreed terms” percentage measures how often the company pays after its own agreed payment terms (30 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 |
|---|---|---|---|---|
| Mar 2024 to Aug 2024 | 13 | 2% | 98% | 1% |
| Sept 2023 to Feb 2024 | 17 | 7% | 93% | 3% |
| Mar 2023 to Aug 2023 | 16 | 5% | 95% | 1% |
| Sept 2022 to Feb 2023 | 30 | 3% | 97% | 1% |
| Mar 2022 to Aug 2022 | 12 | 2% | 98% | 1% |
| Sept 2021 to Feb 2022 | 12 | 4% | 96% | 1% |
| Mar 2021 to Aug 2021 | 14 | 3% | 97% | 1% |
| Sept 2020 to Feb 2021 | 18 | 7% | 93% | 3% |
| Sept 2018 to Feb 2019 | 10 | 12% | 94% | 3% |
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 Prospects Services 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: Oct 2024. 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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