Based on the data for WILLIS FABER LIMITED, there has been a downward trend in the average time taken to pay invoices over the past three periods. Additionally, there has been a steady increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days.
There has been a low level of volatility in the average time taken to pay invoices for WILLIS FABER LIMITED over the past three periods. However, there has been some fluctuation in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days.
Between January 2018 and June 2019, WILLIS FABER LIMITED has shown an improvement in their payment performance. The average time taken to pay invoices has decreased from 31 days to 21.9 days, a decrease of 9.1 days or 29.4%. The percentage of invoices paid within 30 days has increased from 45.2% to 57.7%, an increase of 12.5% or 27.7%. However, the percentage of invoices paid between 31 and 60 days has increased slightly from 24.3% to 25.3%, an increase of 1% or 4.1%. The most significant improvement has been in the percentage of invoices paid later than 60 days, which has decreased from 30.5% to 15.7%, a decrease of 14.8% or 48.5%. The shortest (or only) standard payment period for WILLIS FABER LIMITED is 31 days.
| 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 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
WILLIS FABER LIMITED is an active private limited company, incorporated on 1 September 1978, based in the London region. Registered business activity: Other business support service activities not elsewhere classified.
From Companies House records.