Their own payment-practices filing · gov.uk
Harry Fairbairn Limited paid suppliers in 14 days on average — within its stated 3–180 day terms
Their H2 2020 filing put the average 11 days past the shortest term they state (3 days), still within their 180-day upper term.
- Their stated terms
- 3–180 days
- Paid outside agreed terms
- 13% of invoices
- Paid after 61+ days
- 2%
- Reporting period
- 1 Jul 2020 – 31 Dec 2020
- Source
- their gov.uk filing, filed 27 Jan 2021
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2020 filing
Paid within their stated range — 14 against 3–180 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 6 reports
20 → 14 days — faster across the window
The read · computed from their figures
Harry Fairbairn Limited's H2 2020 filing put their average at 14 days against stated terms of 3–180 days; 13% of invoices were paid outside agreed terms and 2% took 61 days or longer. Filed 27 Jan 2021.
The direction is faster: from 20 days in H1 2018 to 14 now — 6 days faster across their last 6 reports.
That is 6 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
Harry Fairbairn Limited agrees appropriate payment terms with its suppliers, based on the nature of the transaction. The Company, as standard, pays its suppliers no later than the last day of the month following the month in which the invoice is received. Individual agreements are in place for manufacturer vehicle purchases, depending on the timing and nature of the transaction and the individual manufacturer’s conditions. These can vary from 3 days from the date of first registration to extended credit terms of up to 180 days.
Dispute resolution
The Company is committed to dealing with its suppliers in a fair, honest and professional manner as well as pursuing best value for our business. We aim to resolve disputes in a timely manner. Any queries in relation to invoices are initially handled by the supplier’s regular contact at the branch or Head Office. Escalation of disputes is co-ordinated by our Head Office accounts team. If the matter cannot be resolved by our Head Office accounts team, it would be passed to the relevant Head of Department or Manager.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2020 | 14 | 13% | 2% | 27 Jan 2021 |
| H1 2020 | 22 | 15% | 4% | 30 Jul 2020 |
| H2 2019 | 22 | 16% | 3% | 24 Jan 2020 |
| H1 2019 | 21 | 14% | 4% | 30 Jul 2019 |
| H2 2018 | 21 | 14% | 4% | 30 Jan 2019 |
| H1 2018 | 20 | 14% | 3% | 30 Jul 2018 |
Illustrative · working-capital arithmetic
What a 14-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 14-day vs a 3-day payment cycle.
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 · Harry Fairbairn Limited
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Is this official government data?
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-SC043023 · latest period to 31 Dec 2020
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