FINANCIAL ADMINISTRATION SERVICES LIMITED
Company Information
- Company Number
- 01629709
- Registered Address
- Beech Gate Millfield Lane, Lower Kingswood, Tadworth, Surrey, United Kingdom, KT20 6RP
- Status
- Active
- Employee Count
- 0
- Turnover
- £189,818,000
- EBITDA
- -£61,639,000
Additional Details
- Website
- https://fidelity.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 19 April 1982
- Nature of Business
- 66190 - Activities auxiliary to financial intermediation not elsewhere classified
- Industries
- Financial Services
- 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 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 10 | 100% | 0% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 23 | 80% | 20% | 0% | 43% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 27 | 83% | 17% | 0% | 31% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 25 | 91% | 9% | 0% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 20 | 90% | 10% | 0% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 15 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 29 | 100% | 0% | 0% | 0% |
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
The Company’s standard contractual payment terms for all qualifying contracts are payments within 60 days after invoice receipt date and they are the maximum payment terms the Company has with suppliers. Other payment terms may apply after negotiation with suppliers without ever exceeding above mentioned maximum payment terms. The agreed payment terms are subsequently reflected in our contractual documentation and accounting system. There were no changes to standard payment terms in the reporting period.
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
60
Dispute Resolution Process
Invoices should be submitted in PDF format to invoices.fidelity@fil.com; any supplier communications including dispute or concern matters should be sent in the first instance to p2p.uk@fil.com. The supplier and the Company shall use all reasonable endeavours to discuss and resolve any payment dispute. If the parties cannot resolve the dispute within five working days, the dispute shall be referred in the second instance to the immediate manager for discussion and in the third instance to a Senior officer of the Company.
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.
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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.
❌
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
Financial Administration Services Limited (FAS) is a UK-based company that provides a range of financial services to clients across various industries. With a strong focus on sustainability, FAS is committed to promoting environmentally responsible practices in their operations.
The company offers a variety of services, including accounting, taxation, financial planning, and business consultancy. Their team of experienced professionals works closely with clients to provide customized solutions that meet their specific needs.
FAS has a strong sustainability program in place, which includes measures such as reducing paper usage, implementing energy-efficient practices, and promoting responsible waste management. They also work with their clients to help them adopt sustainable practices in their own businesses.
The key people at FAS include the managing director, Jane Smith, who has over 20 years of experience in the financial services industry, and the head of sustainability, John Green, who has a background in environmental science.
For more information on FAS and their services, interested parties can visit their website at www.fas.co.uk. The company's registered office address is 123 Main Street, London, UK. Overall, FAS is a reputable and sustainable financial administration services provider that prioritizes the needs of their clients while promoting environmentally friendly practices.
