FIRST RATE EXCHANGE SERVICES LIMITED
Company Information
- Company Number
- 04287490
- Registered Address
- Botanica, Ditton Park, Riding Court Road, Datchet, United Kingdom, SL3 9LL
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 September 2001
- Nature of Business
- 64191 - Banks64999 - Financial intermediation not elsewhere classified82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
FIRST RATE EXCHANGE SERVICES LIMITED demonstrates exceptional payment promptness, consistently settling an impressive 99% of invoices within 30 days, with an average payment time of just 13 days. This strong trend indicates a highly reliable and rapid payment trajectory for suppliers, minimizing cash flow delays.
Volatility Analysis
Payment behavior exhibits minimal volatility, with a high degree of predictability as virtually all invoices are paid swiftly and 0% fall into the 31-60 day category. Although 2% of payments are classified as late, with a very minor 1% extending beyond 60 days, this represents a very low, isolated risk of significant delay and does not suggest systemic unreliability.
Summary Analysis
Overall, FIRST RATE EXCHANGE SERVICES LIMITED is a highly commendable payment partner, offering exceptional speed and consistency that strongly benefits suppliers. While a negligible 2% of payments may be late, with 1% being significantly delayed, suppliers can proceed with high confidence without requiring extensive risk mitigation beyond standard contract terms.
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 | 03 Nov 2025 | 13 | 99% | 0% | 1% | 2% |
| 01 Oct 2024 - 31 Mar 2025 | 01 May 2025 | 12 | 99% | 1% | 0% | 2% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 13 | 98% | 1% | 1% | 1% |
| 01 Oct 2023 - 31 Mar 2024 | 24 Apr 2024 | 14 | 98% | 2% | 0% | 3% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 15 | 98% | 1% | 1% | 3% |
| 01 Oct 2022 - 31 Mar 2023 | 25 Apr 2023 | 17 | 98% | 2% | 0% | 2% |
| 01 Apr 2022 - 30 Sept 2022 | 25 Oct 2022 | 16 | 97% | 3% | 0% | 5% |
| 01 Oct 2021 - 31 Mar 2022 | 25 Apr 2022 | 13 | 97% | 3% | 0% | 6% |
| 01 Apr 2021 - 30 Sept 2021 | 15 Nov 2021 | 13 | 98% | 0% | 2% | 7% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 12 | 98% | 0% | 2% | 9% |
| 01 Apr 2020 - 30 Sept 2020 | 28 Oct 2020 | 11 | 94% | 4% | 3% | 11% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 9 | 96% | 2% | 2% | 7% |
| 01 Apr 2019 - 30 Sept 2019 | 10 Oct 2019 | 9 | 96% | 3% | 1% | 6% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 7 | 99% | 1% | 0% | 3% |
| 01 Apr 2018 - 30 Sept 2018 | 02 Jul 2019 | 12 | 93% | 5% | 2% | 4% |
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
We do not impose standard terms on suppliers. We either accept supplier payments terms or negotiate mutually agreed 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
Dispute Resolution Process
It is the responsibility of the individual who would authorise the invoice to contact the supplier direct for any disputed items on the invoice and inform Accounts Payable. Disputes are resolved through discussion and the investigation and presentation of relevant evidence.
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 RATE EXCHANGE SERVICES LIMITED is an active private limited company
It operates to provide exchange services, as indicated by its company name
The company was incorporated on 14 September 2001, holding company number 04287490
Its registered office is situated at Botanica, Ditton Park, Riding Court Road, Datchet, United Kingdom, SL3 9LL, identifying its location within the South East region
In the UK, companies specialising in exchange services typically offer a range of foreign exchange solutions
These commonly include currency exchange for travellers and businesses, along with international payment services
