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Their own payment-practices filing · gov.uk

How long does First Corporate Shipping Limited take to pay its suppliers?

CRN 02542406 · Other services · 17 statutory reports on record · period to 31 Dec 2025

33days
their reported average time to pay suppliers, latest period
Around averagevs a 31-day median across 6,185 recent filers

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

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On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
24 Sept 1990
Registered office
ST ANDREW'S HOUSE ST ANDREW'S ROAD, BRISTOL, BS11 9DQ
2 outstanding charges — secured borrowing registered Accounts due 31 Mar 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 14–60 days. Reported average: 33.

Stated terms14–60d
+19 days
Reported avg33d

At a glance

The key figures

14–60d
their stated terms
5%
invoices paid outside terms
±1d
steady pattern

Vs peers · latest reported averages

fasterslower
Slower than 57% of the 118 large companies reporting in other services.

The pattern

Holding steady

Average days to pay across their last 6 statutory reports.

terms 14d
34
34
34
32
34
33
H1 2023H2 2023H1 2024H2 2024H1 2025H2 2025

Where their supplier invoices land · latest period

within 30 days 43% 31–60 days 56% 61+ days 1%

The read · computed from their figures

First Corporate Shipping Limited has filed 17 statutory payment periods (earliest H2 2017). Their latest report puts the average at 33 days against stated terms of 14–60 days.

The pattern is steady — their reported average moves within about ±1 days period to period.

In the latest period 5% of invoices were paid outside their agreed terms, and 1% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Payment run between 25th & 30th of the month paying invoices from the previous calendar month.

Dispute resolution

Invoices held centrally in Purchase Ledger and matched to the purchase order. For orders where the goods/services have been marked as received, the invoice is automatically approved for payment. For those that are not, or those where the invoice value exceeds the purchase order value, a system troubleshoot is sent to the requisitioner for them to resolve any issues with the supplier. As soon as the requisitoner notes in the system that the issues have been resolved, the invoice is approved for the next payment run.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 2025335%1%30 Jan 2026
H1 2025345%2%28 Jul 2025
H2 2024325%2%30 Jan 2025
H1 2024345%2%12 Aug 2024
H2 2023346%2%19 Jan 2024
H1 2023346%3%19 Jul 2023
H2 2022369%4%17 Jan 2023
H1 20223611%6%20 Jul 2022
H2 20213710%4%17 Jan 2022
H1 2021378%7%13 Jul 2021
H2 20204013%6%27 Jan 2021
H1 2020327%4%13 Jul 2020
H2 2019303%2%10 Jan 2020
H1 2019304%2%24 Jul 2019
H2 2018293%2%16 Jan 2019
H1 2018298%3%9 Jul 2018
H2 2017304%3%15 Jan 2018

Working-capital effect

What a 33-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 33-day vs a 14-day payment cycle.

≈ £13,000
of invoicing outstanding at any one time on a 33-day cycle — about £7,500 more than the same account would carry at 14-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 is steady — within about ±1 days period to period, around 33 days.
What's their typical pay point?
Their latest reports average around day 33, 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 First Corporate Shipping Limited (free)

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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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02542406 · latest period to 31 Dec 2025

Verify the original Companies House file

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