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Their own payment-practices filing · gov.uk

Farrel Limited paid suppliers in 50 days on average — within its stated 7–60 day terms

CRN 01922655 · Manufacturing · 3 statutory reports on record · period to 30 Jun 2025

Dated record. The latest report covers a period ending 30 Jun 2025 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
50daysavg time to pay · H1 2025

Their H1 2025 filing put the average 43 days past the shortest term they state (7 days), still within their 60-day upper term.

Their stated terms
7–60 days
Paid outside agreed terms
34% of invoices
Paid after 61+ days
12%
Reporting period
1 Jan 2025 – 30 Jun 2025
Source
their gov.uk filing, filed 30 Jul 2025

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

Terms vs reality · their H1 2025 filing

Paid within their stated range — 50 against 7–60 days

The pattern · last 3 of 3 reports

44 → 50 days — slower across the window

The read · computed from their figures

Farrel Limited's H1 2025 filing put their average at 50 days against stated terms of 7–60 days; 34% of invoices were paid outside agreed terms and 12% took 61 days or longer. Filed 30 Jul 2025.

The direction is slower: from 44 days in H1 2024 to 50 now — 6 days slower across their last 3 reports.

That is 3 statutory periods on record (earliest H1 2024) — a historical record, not a promise for a new invoice.

What they tell their suppliers

1% of invoices in dispute

In their own words · from the filing

Standard payment terms

Our standard payment terms are 30 days end of month following.

Dispute resolution

Disputes will initially be dealt with by our Finance Team, and they will work with suppliers to try to find a solution to any issues. If they are unable to resolve the issue then this will be flagged to the relevant department to either rectify the dispute or to provide information to allow the Accounts Department to settle accordingly.

Other information

Payment statistics in this report can be affected by different factors. The company typically initiates payments in batches, and these payment runs are processed twice a month; as such payments will normally be received by the supplier within a few days of their due date. Additionally, as we are part of a Group some of our suppliers are also our customers, and so there is regular offsetting of account balances prior to actioning agreed payments.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20255034%12%30 Jul 2025
H2 20244733%10%18 Feb 2025
H1 20244432%10%30 Jul 2024

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
14 Jun 1985
Registered office
FARREL LIMITED, CASTLETON, OL11 2QQ
0 outstanding charges on the register Accounts due 30 Sept 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 50-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 50-day vs a 7-day payment cycle.

≈ £19,500
of invoicing outstanding at any one time on a 50-day cycle — about £17,000 more than the same account would carry at 7-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 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 · Farrel Limited

Are they getting slower or faster?
Their reported average has moved about 6 days slower over the window (44 → 50 days).
What's their typical pay point?
Their latest filed report put the average at day 50; across their last 3 reports it ranged 44–50 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.
Share

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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-01922655 · latest period to 30 Jun 2025

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