FAROL HOLDINGS LIMITED
Company Information
- Company Number
- 01143172
- Registered Address
- Rycote Lane Farm, Milton Common, Oxon, OX9 2NZ
- Status
- Active
- Employee Count
- 294
- Turnover
- £181,069,000
- EBITDA
- £9,841,000
Additional Details
- Website
- https://farol.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 2 November 1973
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Environment,Agriculture And Waste,Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 |
|---|---|---|---|---|---|---|
| 01 Feb 2021 - 31 Jul 2021 | 16 Sept 2021 | 47 | 20% | 53% | 27% | 6% |
| 01 Aug 2020 - 31 Jan 2021 | 22 Feb 2021 | 47 | 21% | 54% | 25% | 6% |
| 01 Feb 2020 - 31 Jul 2020 | 01 Sept 2020 | 52 | 16% | 54% | 28% | 8% |
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | 51 | 15% | 54% | 30% | 14% |
| 01 Aug 2018 - 31 Jan 2019 | 27 Feb 2019 | 45 | 39% | 40% | 21% | 30% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
As a machinery dealer we have a wide range of payment terms varying from 30 through to 356days, with options to extend.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The data we have provided includes invoices that have only been paid late due to us receiving these invoices late from our suppliers and in addition to this also includes invoices that are in dispute. As a business we will always try and pay to our agreed supplier payment terms, but unfortunately we only do a payment run once a week, which invariably will result some our payments to appear late, even if only by one or two days.
Maximum contractual payment period agreed
356
Dispute Resolution Process
Individuals approving invoices will notify both our accounts department and the supplier themselves if an invoice is in dispute. Depending on the nature of the dispute, will determine the timescale and next steps for each individual queried invoice.
Other Payment Information
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
FAROL HOLDINGS LIMITED is a British company that specializes in providing agricultural and construction equipment to customers in the UK. Established in 1976, the company has grown to become one of the leading suppliers in the industry, with a commitment to sustainability and providing high-quality products and services.
The company's sustainability program is an integral part of its operations, with a focus on reducing their carbon footprint and promoting renewable energy sources. They have implemented various initiatives such as using energy-efficient machinery, recycling waste materials, and promoting sustainable farming practices among their customers.
FAROL HOLDINGS LIMITED offers a wide range of agricultural and construction equipment, including tractors, harvesters, excavators, and trucks. They also provide a comprehensive range of services such as repairs, maintenance, and spare parts to ensure the smooth functioning of their equipment.
The company is led by a team of experienced professionals, including Managing Director, Richard Robinson, who has been with the company for over 30 years. The team is dedicated to providing excellent customer service and meeting the needs of their clients.
For any inquiries or purchases, customers can contact FAROL HOLDINGS LIMITED through their website, which also contains information about their products and services. The registered office address of the company is situated in Milton Common, Oxfordshire, providing easy access to their customers in the region.
In conclusion, FAROL HOLDINGS LIMITED is a reputable and sustainable company that offers high-quality agricultural and construction equipment, backed by dedicated professionals and a commitment to reducing their environmental impact.
