Score of 83.6/100 qualifies for PaymentCheck Certification
FARADAY CAPITAL LIMITED exhibits an average payment time of 22 days, indicating a generally efficient payment processing speed. However, a significant 23% of payments are consistently late, with 21% of all payments extending beyond 30 days. This trend shows a clear pattern where a majority pay quickly, but a substantial portion experiences prolonged delays.
The 23% late payment rate, alongside 6% of payments exceeding 60 days, introduces notable unpredictability for a supplier's cash flow. While the overall average is favorable, the significant tail of delayed payments creates volatility, making it challenging to precisely forecast payment dates for all invoices. This variability presents a moderate risk factor for reliable cash flow planning, despite the company's generally swift average.
Overall, FARADAY CAPITAL LIMITED generally processes payments efficiently on average, which is favorable for suppliers. However, suppliers must factor in the consistent 23% risk of late payments, with 6% potentially extending beyond 60 days. It is recommended to establish clear payment terms and consider risk mitigation strategies such as smaller, more frequent invoicing or credit insurance to manage potential delays for a portion of transactions.
| 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 2025 - 30 Jun 2025 | 07 Jul 2025 | 22 | 79% | 15% | 6% | 23% |
| 01 Jul 2024 - 31 Dec 2024 | 14 Jan 2025 | 24 | 82% | 12% | 6% | 21% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 25 | 80% | 13% | 7% | 22% |
| 01 Jul 2023 - 31 Dec 2023 | 15 Jan 2024 | 25 | 80% | 13% | 7% | 21% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 31 | 76% | 15% | 9% | 27% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Jan 2023 | 30 | 75% | 17% | 8% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Aug 2022 | 29 | 75% | 16% | 9% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 26 | 76% | 14% | 10% | 27% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 33 | 72% | 18% | 10% | 30% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 33 | 75% | 15% | 10% | 27% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Jul 2020 | 21 | 75% | 15% | 10% | 28% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Jan 2020 | 27 | 78% | 14% | 8% | 25% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 33 | 71% | 16% | 13% | 34% |
| 01 Jul 2018 - 31 Dec 2018 | 08 May 2019 | 30 | 76% | 12% | 12% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 08 May 2019 | 27 | 77% | 14% | 9% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our payment terms are generally 30 days from invoice tax point based on the timely submission of satisfactory invoices. Payment terms are negotiated according to the context of the services or goods being purchased. The payment terms are reviewed as part of the overall contract review. Some of our suppliers will submit invoices on their own payment terms which may differ from ours. Where a supplier's payment terms are less than our standard net 30 days, we use our best endeavours to pay such invoices according to that supplier's 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
30
Disputes are resolved by negotiation involving the relevant parties
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
FARADAY CAPITAL LIMITED is an active private limited company. Its name identifies it as operating within the financial sector, specifically focusing on capital-related activities.
The company was incorporated on 24 October 1994, is active, and holds company number 02982540. Its registered office is located in London at Corn Exchange, 55 Mark Lane, EC3R 7NE.
In the UK market, private limited companies with "Capital" in their name commonly specialise in a range of financial services. These frequently encompass investment management, corporate finance advisory, private equity, or venture capital provision.