Published reports

SPIRENT COMMUNICATIONS PLC

Company number: 00470893

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 January 2025 to 30 June 2025

Report filed on:

30 July 2025

Approved by:

Paula Bell

Payment statistics

Average time taken to pay invoices: 27 days

Total value paid:

within 30 days: £11,612,973 (52%)
in 31 to 60 days: £8,872,473 (40%)
in 61 days or more: £1,798,712 (8%)

Invoices paid:

within 30 days: 71%
in 31 to 60 days: 23%
in 61 days or more: 6%

Late and disputed:

total value of payments due in the reporting period which have not been paid within the agreed period: £9,236,162
payments due in the reporting period which have not been paid within the agreed period: 26%
not made in the reporting period due to a dispute: 1%

Payment terms

Shortest standard payment periods

1 days

Longest standard payment period

60 days

Standard payment terms

60 days from receipt of a valid invoice

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

Spirent Communications PLC performs two payment runs per month. Supplier invoices are paid in the closest payment run to their due date. This means that some supplier invoices will be paid before their due dates, and some just afterwards. Invoices paid after the month they are due are typically the result of invoices in query.

Dispute resolution process

Payment disputes should be reported to either Finance or Purchasing and can be further escalated to either the Purchasing or Accounting Managers for investigation and resolution, as appropriate.

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.

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.

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?