Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average payment time for FRASERS GROUP FINANCIAL SERVICES LIMITED is 36 days, with only 58% of invoices settled within 30 days. This indicates a consistent tendency for payments to extend beyond standard 30-day terms for a significant portion of transactions, with 32% falling into the 31-60 day range.
A substantial 34% of payments are classified as late, introducing considerable unpredictability and cash flow risk for suppliers. The fact that 10% of payments extend beyond 60 days further highlights a notable risk of protracted delays on certain invoices.
Suppliers should anticipate an average payment cycle exceeding 30 days, coupled with a significant risk of late payments affecting over a third of their invoices. It is advisable to establish payment terms that account for this extended average and implement robust cash flow forecasting to mitigate potential disruptions. Consider negotiating early payment discounts or setting conservative credit limits.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 27 Oct 2025 - 26 Apr 2026 | 27 May 2026 | 32 | 69% | 27% | 4% | 22% |
| 28 Oct 2024 - 27 Apr 2025 | 27 May 2025 | 36 | 58% | 32% | 10% | 34% |
| 29 Apr 2024 - 27 Oct 2024 | 29 Nov 2024 | 37 | 57% | 34% | 8% | 31% |
| 30 Oct 2023 - 28 Apr 2024 | 31 May 2024 | 44 | 39% | 48% | 14% | 24% |
| 01 May 2023 - 29 Oct 2023 | 29 Nov 2023 | 45 | 39% | 48% | 13% | 27% |
| 24 Oct 2022 - 30 Apr 2023 | 30 May 2023 | 45 | 39% | 48% | 14% | 34% |
| 25 Apr 2022 - 23 Oct 2022 | 23 Nov 2022 | 45 | 40% | 46% | 14% | 36% |
| 27 Sept 2021 - 24 Apr 2022 | 18 May 2022 | 60 | 18% | 44% | 38% | 60% |
| 27 Mar 2021 - 24 Sept 2021 | 26 Oct 2021 | 47 | 31% | 56% | 13% | 31% |
| 26 Sept 2020 - 26 Mar 2021 | 23 Apr 2021 | 49 | 29% | 54% | 17% | 35% |
| 28 Mar 2020 - 25 Sept 2020 | 22 Oct 2020 | 53 | 23% | 53% | 24% | 48% |
| 28 Sept 2019 - 27 Mar 2020 | 24 Apr 2020 | 48 | 14% | 35% | 51% | 90% |
| 01 Apr 2019 - 27 Sept 2019 | 28 Oct 2019 | 65 | 10% | 34% | 56% | 95% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 59 | 2% | 30% | 68% | 95% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 65 | 2% | 23% | 75% | 99% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company has a range of payment terms with the majority being on 60 days. It is the company policy to pay all undisputed invoices in a timely manner, the majority are paid as close to the due date as possible. We are currently reviewing our payment processes with a view to improving the percentage of payments within the agreed payment terms.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
We seek to resolve all queries as quickly as possible. Any payment disputes are dealt with by the Finance Department in the first instance. If the matter remains unresolved, it will be escalated to the relevant Head of Department to seek resolution.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Frasers Group Financial Services Limited is a UK entity authorised and regulated by the Financial Conduct Authority as a lender. It provides Frasers Plus, a buy now pay later and instalment credit product used across Frasers Group retail brands, including Studio, where Studio Retail Trading Limited acts as an introducer appointed representative. For regulated payment services, the company also acts as a payment agent of Transact Payments Limited, a Gibraltar-regulated electronic money institution. Its role is therefore providing consumer credit and payment facilitation rather than selling goods directly, supporting the wider Frasers Group's retail operations by enabling customers to spread payments, pay in instalments, or earn loyalty points when shopping with associated retail websites.
Generated from the company's website and Companies House records. Sources: studio.co.uk