FARREL LIMITED
Company Information
- Company Number
- 01922655
- Registered Address
- Farrel Limited, Queensway, Castleton, Greater Manchester, United Kingdom, OL11 2QQ
- Status
- Active
- Employee Count
- 174
- Turnover
- £39,308,000
- EBITDA
- £4,385,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 June 1985
- Nature of Business
- 28960 - Manufacture of plastics and rubber machinery
- Industries
- Raw Materials And Intermediate Goods
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
FARREL LIMITED's average payment time of 44 days indicates a consistent trend of exceeding standard 30-day payment terms. A clear majority of payments (52%) fall into the 31-60 day bracket, suggesting their typical payment cycle extends beyond a month. Only 38% of payments are made within 30 days, reinforcing a trajectory of later payments for the majority.
Volatility Analysis
The 32% late payment rate introduces a notable element of unpredictability regarding payment due dates, impacting supplier cash flow planning. Furthermore, 10% of payments extending beyond 60 days indicates a specific risk of significantly prolonged payment cycles. This suggests that while most payments occur within 31-60 days, a subset faces substantial delays, reducing overall payment reliability.
Summary Analysis
Suppliers should anticipate FARREL LIMITED payments typically arriving between 31-60 days, with an average of 44 days, and factor this into their cash flow projections. The 32% late payment rate and 10% over 60 days necessitate cautious payment term negotiation and robust credit monitoring. Consider adjusting payment terms, such as offering discounts for earlier payment or requiring partial upfront payment, to mitigate potential cash flow impacts from extended and late payments.
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 Jul 2024 - 31 Dec 2024 | 18 Feb 2025 | 47 | 38% | 52% | 10% | 33% |
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
Our standard payment terms are 30 days end of month following.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment statistics in this report can be affected by different factors. The company typically initiates payments in batches, and these payment runs are processed twice a month; as such payments will normally be received by the supplier within a few days of their due date. Additionally, as we are part of a Group some of our suppliers are also our customers, and so there is regular offsetting of account balances prior to actioning agreed payments.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Disputes will initially be dealt with by our Finance Team, and they will work with suppliers to try to find a solution to any issues. If they are unable to resolve the issue then this will be flagged to the relevant department to either rectify the dispute or to provide information to allow the Accounts Department to settle accordingly.
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.
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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
Company Summary
FARREL LIMITED operates as an active private limited company.
The organisation was incorporated on 14 June 1985 under company number 01922655. Its registered office is located at Queensway, Castleton, Greater Manchester, OL11 2QQ, within the North West of the United Kingdom.
Private limited companies are a common business structure in the UK, established to conduct various commercial activities. They typically provide a range of goods or services across diverse sectors of the UK economy.
