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Their own payment-practices filing · gov.uk

Financial Administration Services Limited paid suppliers in 10 days on average — inside its 60-day stated terms

CRN 01629709 · Financial services · 9 statutory reports on record · period to 30 Jun 2024

Dated record. The latest report covers a period ending 30 Jun 2024 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
10daysavg time to pay · H1 2024

Their H1 2024 filing put the average 50 days inside their stated 60-day term.

Their stated terms
60 days
Paid outside agreed terms
0% of invoices
Paid after 61+ days
0%
Reporting period
1 Jan 2024 – 30 Jun 2024
Source
their gov.uk filing, filed 26 Jul 2024

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

Terms vs reality · their H1 2024 filing

Paid 50 days inside the 60-day term they state

The pattern · last 6 of 9 reports

25 → 10 days — faster across the window

The read · computed from their figures

Financial Administration Services Limited's H1 2024 filing put their average at 10 days against stated terms of 60 days; 0% of invoices were paid outside agreed terms and 0% took 61 days or longer. Filed 26 Jul 2024.

The direction is faster: from 25 days in H2 2021 to 10 now — 15 days faster across their last 6 reports.

That is 9 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

The Company’s standard contractual payment terms for all qualifying contracts are payments within 60 days after invoice receipt date and they are the maximum payment terms the Company has with suppliers. Other payment terms may apply after negotiation with suppliers without ever exceeding above mentioned maximum payment terms. The agreed payment terms are subsequently reflected in our contractual documentation and accounting system. There were no changes to standard payment terms in the reporting period.

Dispute resolution

Invoices should be submitted in PDF format to [email protected]; any supplier communications including dispute or concern matters should be sent in the first instance to [email protected]. The supplier and the Company shall use all reasonable endeavours to discuss and resolve any payment dispute. If the parties cannot resolve the dispute within five working days, the dispute shall be referred in the second instance to the immediate manager for discussion and in the third instance to a Senior officer of the Company.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2024100%0%26 Jul 2024
H2 2023150%0%25 Jan 2024
H1 2023220%0%28 Jul 2023
H2 20222343%0%26 Jan 2023
H1 20222731%0%29 Jul 2022
H2 2021259%0%28 Jan 2022
H1 20212040%0%30 Jul 2021
H1 2019150%0%24 Jul 2019
H2 2018290%0%28 Jan 2019

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
19 Apr 1982
Registered office
BEECH GATE MILLFIELD LANE, TADWORTH, KT20 6RP
0 outstanding charges on the register Accounts due 30 Sept 2027

Open the full record at Companies House.

Quick answers · Financial Administration Services Limited

Are they getting slower or faster?
Their reported average has moved about 15 days faster over the window (25 → 10 days).
What's their typical pay point?
Their latest filed report put the average at day 10; across their last 6 reports it ranged 10–27 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.
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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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-01629709 · latest period to 30 Jun 2024

Verify the original Companies House file

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