Their own payment-practices filing · gov.uk

How long does Freemans of Newent Limited take to pay its suppliers?

CRN 00745426 · Manufacturing · 10 statutory reports on record · period to 28 Feb 2022

38days

their reported average time to pay suppliers, latest period

Slower than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

Dated record. The latest report covers a period ending 28 Feb 2022 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 28 Dec 1962
Registered office: GRANDSTAND, HEREFORD, HR4 9PB

2 outstanding charges — secured borrowing registered Accounts due 28 Feb 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 0–60 days. Reported average: 38.

Stated terms0–60d

+38 days

Reported avg38d

At a glance

The key figures

0–60d

their stated terms

15%

invoices paid outside terms

-3d

faster over the window

±1d

steady pattern

Vs peers · latest reported averages

fasterslower

Faster than 67% of the 992 large companies reporting in manufacturing.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

H2 2019H1 2020H2 2020H1 2021H2 2021H1 2022

Where their supplier invoices land · latest period

within 30 days 47% 31–60 days 43% 61+ days 10%

The read · computed from their figures

Freemans of Newent Limited has filed 10 statutory payment periods (earliest H2 2017). Their latest report puts the average at 38 days against stated terms of 0–60 days.

The direction is faster: from 41 to 38 days over the window — about 3 days faster.

In the latest period 15% of invoices were paid outside their agreed terms, and 10% landed 61+ days out.

In their own words · from the filing

Standard payment terms

45 DAYS FROM DATE OF INVOICE

Dispute resolution

Invoices are received and are entered by the Purchase Ledger team on the Business Management System. Invoice variances (i.e. those not matching to a receipted purchase order) are sent to the buyer for approval on an internal intranet site. The buyer reviews the variance and if in agreement approves the variance and this goes to the necessary higher authority for further approval. On full approval the invoice is then paid within 7 days. If disputed the buyer requests proof of delivery and/or price confirmation. If no evidence is provided a credit note is requested by the buyer before the invoice is paid (net of the credit).

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2022	38	15%	10%	31 Mar 2022
H2 2021	37	13%	8%	16 Dec 2021
H1 2021	37	14%	7%	30 Jun 2021
H2 2020	37	11%	7%	23 Dec 2020
H1 2020	40	12%	11%	26 Jun 2020
H2 2019	41	15%	11%	30 Dec 2019
H1 2019	46	25%	19%	27 Jun 2019
H2 2018	42	24%	14%	20 Dec 2018
H1 2018	46	26%	11%	21 Jun 2018
H2 2017	36	23%	12%	24 Dec 2017

Working-capital effect

What a 38-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 38-day vs a 0-day payment cycle.

≈ £15,000

of invoicing outstanding at any one time on a 38-day cycle — about £15,000 more than the same account would carry at 0-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?

Their reported average has moved about 3 days faster over the window (41 → 38 days).

What's their typical pay point?

Their latest reports average around day 38, moving within about ±1 days. Treat that as a historical reference point, not a promise for a new invoice.

Can I see what this means for my invoices?

Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch Freemans of Newent Limited (free)

Their next payment report is due ≈ 26 Sept 2022. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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More large companies in manufacturing

Frederic Robinson Limited · Fresenius Kabi Limited · Frank Roberts & Sons Limited · Fresh Trading Limited · Framptons Limited · Fresh-pak Chilled Foods Limited

How UK payment reporting works

What is a Payment Practices Report?

UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.

What does "paid outside agreed terms" mean?

The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.

How often is this data updated?

Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.

Is this official government data?

The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00745426 · latest period to 28 Feb 2022

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