SOFTCAT PLC
Company number: 02174990
Reporting period:
1 August 2025 to 31 January 2026
Report filed on:
27 February 2026
Approved by:
Kathryn Mecklenburgh
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: 24 days
Total value paid:
- within 30 days: £774,238,709 (51%)
- in 31 to 60 days: £647,099,270 (43%)
- in 61 days or more: £100,552,681 (7%)
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 26%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £307,796,735
- payments due in the reporting period which have not been paid within the agreed period: 11%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
90 days
Standard payment terms
The Company has standard payment terms of 30 days but has negotiated standard payment terms of between 14 and 90 days.
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
90 days
No further comment provided
Any other information about payment terms
Where invoices are paid late, 86% of these documents are paid within 30 days of the due date. That equates to £263m of the £308m paid late, in value.
The starting point used for calculating payment performance is the invoice date which is likely to overstate the amount of late payments.
Dispute resolution process
Softcat's accounts payable team offer support through to query resolution to all suppliers. The team can be contacted by email, letter or telephone and each supplier has a dedicated representative to their account.
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: Fair 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.
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