CHEYNE CAPITAL MANAGEMENT (UK) LLP
Company number: OC321484
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
27 October 2025
Approved by:
David D'Netto
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 17 days
Total value paid:
- within 30 days: £7,235,408 (52%)
- in 31 to 60 days: £3,084,815 (22%)
- in 61 days or more: £3,509,927 (25%)
Invoices paid:
- within 30 days: 93%
- in 31 to 60 days: 4%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £5,331,582
- payments due in the reporting period which have not been paid within the agreed period: 14%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
We do not impose standard payment terms on suppliers for qualifying contracts. Cheyne Capital Management (UK) LLP agrees appropriate terms of payment with suppliers and abides by those terms on the timely submission of valid invoices. In the absence of agreed terms with a supplier, the LLP's policy is to pay within 30 days of receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
365 days
Certain contracts entered into by the company are annual invoices that are settled through a monthly direct debit over the period of the invoice.
Any other information about payment terms
No further comment provided
Dispute resolution process
In the event of a dispute, the relevant business contact at Cheyne (which will vary from contract to contract) will contact the supplier in an attempt to resolve the issue. The business contact will aim to deal with the dispute promptly in accordance with the terms of the contract and escalate to Finance or Legal as appropriate to ensure a swift resolution.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No