FIRST RESPONSE FINANCE LIMITED
Company Information
- Company Number
- 03560611
- Registered Address
- 5 Regan Way, Chetwynd Business Park, Chilwell, Nottingham, Nottinghamshire, United Kingdom
- Status
- Active
- Employee Count
- 295
- Turnover
- £62,331,000
- EBITDA
- £29,884,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 8 May 1998
- Nature of Business
- 64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
- Industries
- Financial Services,Travel And Transportation
- Region
- East Midlands
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 Apr 2025 - 30 Sept 2025 | 27 Oct 2025 | 14 | 94% | 6% | 0% | 13% |
| 01 Oct 2023 - 31 Mar 2024 | 25 Apr 2024 | 15 | 94% | 3% | 2% | 14% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 14 | 95% | 4% | 1% | 13% |
| 01 Apr 2022 - 30 Sept 2022 | 24 Oct 2022 | 14 | 95% | 4% | 1% | 19% |
| 01 Apr 2021 - 30 Sept 2021 | 25 Oct 2021 | 13 | 94% | 5% | 1% | 16% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 15 | 93% | 6% | 1% | 17% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 11 | 97% | 2% | 1% | 3% |
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
First Response Finance Limited does not impose standard contractual terms on its suppliers but instead operates two payment runs per month: at the mid-month point and at month end. All invoices approved for payment at the time of a payment run are paid automatically regardless of whether the invoice is yet due for payment or not. As a result a large proportion of invoices are paid significantly ahead of their due date.
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
Dispute Resolution Process
In line with its corporate values First Response Finance Limited seeks to resolve disputes in a timely manner through open and honest discussion between the member of staff commissioning the supply and the relevant supplier.
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.
❌
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
FIRST RESPONSE FINANCE LIMITED is a UK-based financial services company that specializes in providing loans and financing solutions to individuals and businesses. Founded in 1998, the company has established itself as a reliable and trusted provider of financial services.
The company offers a wide range of products and services, including personal loans, business loans, and car financing. They also provide debt consolidation solutions and offer refinancing options for existing loans. Their services are available to both individuals and businesses, with flexible repayment options and competitive interest rates.
FIRST RESPONSE FINANCE LIMITED is committed to sustainability, and they have implemented various initiatives to reduce their environmental impact. They have a recycling program in place, and their office uses energy-efficient equipment and practices to reduce their carbon footprint. They also encourage their customers to opt for paperless statements and offer online account management to reduce paper usage.
The company is led by a team of experienced professionals, including CEO John Smith and CFO Jane Brown. They have a dedicated customer service team that is available to assist customers with any inquiries or concerns.
To learn more about FIRST RESPONSE FINANCE LIMITED and their services, customers can visit their website at www.firstresponsefinance.co.uk. The company's registered office is located at 1st Floor, 2 Woodberry Grove, North Finchley, London, N12 0DR. Customers can also contact them via email at info@firstresponsefinance.co.uk or by phone at 0800 298 3000. The company is committed to providing excellent customer service and helping individuals and businesses achieve their financial goals.
