Score of 83.63/100 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 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 22 | 82% | 13% | 5% | 22% |
| 01 Jan 2025 - 30 Jun 2025 | 07 Jul 2025 | 25 | 80% | 13% | 7% | 22% |
| 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
N/A
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 a UK registered company based at Corn Exchange, Mark Lane, London, with SIC classification covering other activities auxiliary to insurance and pension funding. It has operated under this name since 2001, having previously been known as DP Mann Capital Limited, D P Mann Corporate Name Limited, DPM Corporate Name Limited and Herongreen Limited since its 1994 incorporation. The company remains active, filing regular accounts and confirmation statements, with its most recent accounts made up to 31 December 2025. Companies House records show it operating within the insurance sector, though the specific services it provides to insurance or pension arrangements are not detailed in the available filings.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk