APCOA PARKING (UK) LIMITED
Company number: 02572947
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
31 December 2025
Approved by:
Sajini Pattwakars Agrawal
Payment statistics
Average time taken to pay invoices: 22 days
Total value paid:
- within 30 days: £356,129,984 (75%)
- in 31 to 60 days: £114,946,655 (24%)
- in 61 days or more: £2,384,906 (< 1%)
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 19%
- 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: £23,452,157
- payments due in the reporting period which have not been paid within the agreed period: 28%
- not made in the reporting period due to a dispute: 10%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Apcoa's most commonly used standard business terms are payment within 30 days from receipt of invoice. But this can vary slightly depending on various agreements with suppliers. The company has a a number of suppliers that are paid in 7 days, 14 days, 40 days and 60 days.
Where payments are recorded as not made within agreed terms, the principal driver is operational timing (invoices falling outside scheduled payment run cut-off dates), rather than an intent to extend terms after agreement. The most significant late-payment category by both count and value is “fell out of timing of payment runs”.
Other causes of late payment include:
invoices received later than the invoice date
invoices pending credit notes, dispute resolution, or correction/re-submission
internal validation (including price variance review)
contractual milestones, goods acceptance, or timesheet validation not yet completed
missing/incorrect purchase order details
a small number of manual payments or system-generated date issues
The business does not retrospectively change agreed payment terms as a matter of standard practice, and aims to pay valid, approved, undisputed invoices in line with agreed terms and payment schedules.
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
60 days
Where payment terms are 60 days our 'maximum contractual payment period' this driven mostly by the supplier's standard terms .
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices may be placed on hold where:
• Pricing discrepancies are identified
• Credit notes are required
• Goods or services have not yet been accepted
• Contractual milestones or timesheet validations remain outstanding
Suppliers are notified of disputes and invoices are released for payment promptly once resolved.
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.
Yes, this business has signed up to: Prompt Payment Code
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.
Yes
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