FAROL LIMITED
Company Information
- Company Number
- 04157398
- Registered Address
- Rycote Lane Farm, Milton Common, Thame, Oxon, OX9 2NZ
- Status
- Active
- Employee Count
- 294
- Turnover
- £180,518,000
- EBITDA
- £8,939,000
Additional Details
- Website
- https://farmads.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 9 February 2001
- Nature of Business
- 46610 - Wholesale of agricultural machinery, equipment and supplies
- Industries
- Environment,Agriculture And Waste,Supply Chain,Manufacturing And Commerce Models
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for FAROL LIMITED to pay invoices has decreased over the past three periods, from 46 days in the first period to 44 days in the second period and 43 days in the third period. This shows an improving trend towards faster payments.
Volatility Analysis
There is very little volatility in the data for FAROL LIMITED, with only small changes in the percentages over the three periods. The average time to pay has decreased by 2 days, the percentage of invoices paid within 30 days has increased by 3%, and the percentage of invoices paid between 31 and 60 days has increased by 2%. These changes are relatively minor and suggest that FAROL LIMITED has been consistent in their payment practices over the three periods.
Summary Analysis
In summary, FAROL LIMITED has shown an improving trend in their payment practices over the past three periods, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days. However, there is still room for improvement as the percentage of invoices paid between 31 and 60 days has also increased slightly. The third period (2022-08-01 to 2023-01-31) has shown the best improvement in faster payments compared to the previous period.
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 Feb 2025 - 31 Jul 2025 | 13 Nov 2025 | 45 | 26% | 53% | 21% | 5% |
| 01 Aug 2024 - 31 Jan 2025 | 25 Feb 2025 | 46 | 26% | 52% | 22% | 5% |
| 01 Aug 2023 - 31 Jan 2024 | 19 Feb 2024 | 44 | 25% | 54% | 21% | 5% |
| 01 Feb 2023 - 31 Jul 2023 | 10 Aug 2023 | 44 | 26% | 53% | 21% | 4% |
| 01 Aug 2022 - 31 Jan 2023 | 13 Feb 2023 | 43 | 25% | 55% | 20% | 6% |
| 01 Feb 2022 - 31 Jul 2022 | 05 Sept 2022 | 44 | 24% | 55% | 21% | 6% |
| 01 Aug 2021 - 31 Jan 2022 | 11 Feb 2022 | 46 | 22% | 53% | 25% | 6% |
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
As a machinery dealer we have a wide range of payment terms varying from 30 through to 356 days, with options to extend.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The data we have provided includes invoices that have only been paid late due to us receiving these invoices late from our suppliers and in addition to this also includes invoices that are in dispute. As a business we will always try and pay to our agreed supplier payment terms, but unfortunately we only do a payment run once a week, which invariably will result some our payments to appear late, even if only by one or two days.
Maximum contractual payment period agreed
356
Dispute Resolution Process
Individuals approving invoices will notify both our accounts department and the supplier themselves if an invoice is in dispute. Depending on the nature of the dispute, will determine the timescale and next steps for each individual queried invoice.
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
FAROL LIMITED is a family-owned business that has been operating in the agricultural and groundcare industries for over 40 years. The company is based in Thame, Oxfordshire, with additional branches in Byfield, Warwickshire and Milton Common, Oxfordshire.
The company's main focus is on providing high-quality machinery and equipment for the agricultural and groundcare sectors. They offer a range of products such as tractors, combines, mowers, and other farm and garden machinery from leading brands such as John Deere, Manitou, and Stihl.
FAROL LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using energy-efficient lighting and heating systems in their facilities, promoting recycling and responsible waste management practices, and providing eco-friendly products and services to their customers.
The company also has a sustainability program in place, which includes regular training for their staff on eco-friendly practices and promoting environmental awareness among their customers. They have also partnered with various organizations to support sustainable farming practices and biodiversity conservation.
The key people at FAROL LIMITED include the managing director, George Farol, and the chairman, Richard Farol. They have a team of experienced and knowledgeable staff who are dedicated to providing excellent customer service and expertise in the agricultural and groundcare industries.
Customers can contact FAROL LIMITED through their website, which also contains information about their products and services, as well as news and updates on the company. The registered office address for FAROL LIMITED is Rycote Lane Farm, Milton Common, Thame, Oxfordshire, OX9 2NZ.
In summary, FAROL LIMITED is a leading supplier of agricultural and groundcare machinery, with a strong focus on sustainability and commitment to providing high-quality products and services. With their experienced team and dedication to environmental responsibility, they continue to be a trusted and reliable choice for customers in the UK.
