FARRANS LIMITED
Company number: NI004078
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
24 February 2026
Approved by:
Dominic Lavery
Payment statistics
Average time taken to pay invoices: 35 days
Total value paid:
- within 30 days: £42,664,531 (30%)
- in 31 to 60 days: £85,397,685 (60%)
- in 61 days or more: £14,391,400 (10%)
Invoices paid:
- within 30 days: 39%
- in 31 to 60 days: 48%
- in 61 days or more: 13%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £25,518,911
- payments due in the reporting period which have not been paid within the agreed period: 34%
- not made in the reporting period due to a dispute: 2%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Farrans does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period are 30 days end of month
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Farrans actively seeks to resolve disputes by discussing them with the relevant supplier(s), typically involving members of the accounts department, procurement and/or our commercial teams or senior management. Where it is not possible to reach agreement, dispute resolution methods (such as, mediation, adjudication, expert determination, litigation and / or arbitration) may be used.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No