What can I do if a supplier pays me late?

If a company pays you late, you have the legal right to charge statutory interest at 8% plus the Bank of England base rate under the Late Payment of Commercial Debts Act 1998. You can also claim fixed compensation of £40 to £100 per invoice. PennyFetch can calculate exactly what you are owed and send reminders automatically.

Where does this payment data come from?

This data is self-reported by companies to the UK government Payment Practices Reporting service. Large UK companies are legally required to report how quickly they pay their suppliers every six months. The data is published under the Open Government Licence. PennyFetch republishes this data and adds its own rating classifications.

What can I do if a supplier pays me late?

If a company pays you late, you have the legal right to charge statutory interest at 8% plus the Bank of England base rate under the Late Payment of Commercial Debts Act 1998. You can also claim fixed compensation of £40 to £100 per invoice. PennyFetch can calculate exactly what you are owed and send reminders automatically.

Where does this payment data come from?

This data is self-reported by companies to the UK government Payment Practices Reporting service. Large UK companies are legally required to report how quickly they pay their suppliers every six months. The data is published under the Open Government Licence. PennyFetch republishes this data and adds its own rating classifications.

UK Payment Practices Report

Sojitz Europe PLC payment practices report

PennyFetch rating based on government data:

Often outside terms

Companies House no. 02753531

This rating is PennyFetch’s own assessment derived from data self-reported by Sojitz Europe PLC to the UK government.

This company’s most recent filing is from Apr 2024. The data may not reflect their current payment practices. Companies can improve or change their payment behaviour between reporting periods.

This company has short standard payment terms and pays invoices in 20 days on average. The “outside terms” percentage reflects how often invoices exceed those short terms, not slow payment in absolute terms.

Avg. days to pay

UK median: 32

Outside agreed terms

45%

UK average: 24%

Trend

Getting faster

12 reports filed

Payment terms

0 to 90 days

Standard terms

Invoice payment breakdown

77%

21%

Within 30 days: 77%31 to 60 days: 21%Over 60 days: 2%

How Sojitz Europe PLC compares

Sojitz Europe PLC takes an average of 20 days to pay its suppliers, which is 12 days faster than the UK median of 32 days across 9,336 reporting companies. 45% 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, 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
Oct 2023 to Mar 2024	20	45%	77%	2%
Apr 2023 to Sept 2023	17	18%	88%	3%
Oct 2022 to Mar 2023	29	26%	73%	9%
Apr 2022 to Sept 2022	28	16%	81%	3%
Oct 2021 to Mar 2022	27	17%	82%	3%
Apr 2021 to Sept 2021	28	16%	80%	5%
Oct 2020 to Mar 2021	25	13%	86%	2%
Apr 2020 to Sept 2020	28	21%	77%	3%
Oct 2019 to Mar 2020	26	17%	81%	2%
Apr 2019 to Sept 2019	27	31%	69%	2%
Oct 2018 to Mar 2019	27	31%	68%	3%
Apr 2018 to Sept 2018	27	24%	70%	4%

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Frequently asked questions

According to their most recent self-reported government filing, SOJITZ EUROPE PLC pays invoices in 20 days on average. 45% of their invoices fall outside the agreed payment terms. PennyFetch rates this company as "Often outside terms" based on that data.

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All payment statistics on this page are self-reported by Sojitz Europe PLC 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: Apr 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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