Their own payment-practices filing · gov.uk

Ferraris Piston Service Limited pays suppliers in 132 days on average — 120 days past its stated terms

CRN 04148298 · Wholesale & retail trade · 12 statutory reports on record · period to 30 Jun 2026

132daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 120 days past the 12-day term they state.

Well behindvs a 31-day median across 6,104 recent filers

Their stated terms: 12 days
Paid outside agreed terms: 27% of invoices
Paid after 61+ days: 73%
Reporting period: 1 Jan 2026 – 30 Jun 2026
Source: their gov.uk filing, filed 25 Aug 2026

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

Terms vs reality · their H1 2026 filing

Paid 120 days past their stated terms

PAIDLATE · terms vs the clockdays to pay · 0–145

avg 132d

0 days145 days

reported avg 132 days their filed terms 12 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 3% 31–60 days 24% 61+ days 73%

Source: their statutory Payment Practices Report #116578, period 1 Jan 2026 – 30 Jun 2026, filed 25 Aug 2026 · gov.uk payment-practices service

Ferraris Piston Service Limited pays 120 days past its own stated terms. 27% of invoices still went outside agreed terms; 73% reached 61 days or more. Self-reported in their statutory H1 2026 filing.

The pattern · last 6 of 12 reports

92 → 132 days — slowing down

PAIDLATE · the patternavg days per report

Last 6 of 12 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

40 days slower across the window. From 92 days in H1 2021 to 132 in the H1 2026 filing; the dashed line marks the 12-day term they state.

The read · computed from their figures

Ferraris Piston Service Limited's H1 2026 filing puts their average at 132 days against stated terms of 12 days; 27% of invoices were paid outside agreed terms and 73% took 61 days or longer. Filed 25 Aug 2026.

The direction is slower: from 92 days in H1 2021 to 132 now — 40 days slower across their last 6 reports.

On the latest reported averages: Slower than 100% of the 815 large companies reporting in wholesale & retail trade.

That is 12 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

Standard payment terms are 12 to 365 days from date of invoice depending on the suppliers

Dispute resolution

Suppliers may raise disputes by emailing the purchase ledger team who seeks to resolve independently. Where necessary, disputes are escalated to the purchase ledger manager and then to a financial controller. If a dispute is still not resolved, the company will enter into a process of self managed arbitration, involving the senior management of both principals to try and reach a mutually acceptable agreement.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2026	132	27%	73%	25 Aug 2026
H1 2024	124	23%	71%	31 Jul 2024
H2 2023	117	27%	71%	1 Feb 2024
H1 2023	115	27%	72%	12 Jul 2023
H1 2022	101	53%	75%	15 Aug 2022
H1 2021	92	12%	69%	23 Jul 2021
H2 2020	83	45%	64%	29 Jan 2021
H1 2020	78	46%	70%	24 Jul 2020
H2 2019	75	12%	63%	28 Jan 2020
H1 2019	76	15%	64%	24 Jul 2019
H2 2018	74	13%	64%	30 Jan 2019
H1 2018	72	4%	80%	1 Aug 2018

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 26 Jan 2001
Registered office: C/O PENNINGTONS MANCHES COOPER LLP 11TH FLOOR, BIRMINGHAM, B3 2RT

0 outstanding charges on the register Accounts due 30 Sept 2026 — overdue

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 132-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 132-day vs a 12-day payment cycle.

≈ £52,000

of invoicing outstanding at any one time on a 132-day cycle — about £47,300 more than the same account would carry at 12-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 · Ferraris Piston Service Limited

Are they getting slower or faster?

Their reported average has moved about 40 days slower over the window (92 → 132 days).

What's their typical pay point?

Their latest filed report puts the average at day 132; across their last 6 reports it ranged 92–132 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 Ferraris Piston Service 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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-04148298 · latest period to 30 Jun 2026

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