FARROW & BALL LIMITED
Company number: 00999927
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
30 March 2026
Approved by:
Darren Mayne
Payment statistics
Average time taken to pay invoices: 28 days
Total value paid:
- within 30 days: £20,277,271 (66%)
- in 31 to 60 days: £7,229,077 (24%)
- in 61 days or more: £3,125,023 (10%)
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 26%
- in 61 days or more: 6%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £15,801,051
- payments due in the reporting period which have not been paid within the agreed period: 32%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Standard 30-days for small suppliers.
Large suppliers negotiated per contract.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
• Chasers are received from suppliers either direct to PL or via the person who placed the order
• The supplier account is checked to see if we have the invoice, if it is missing a copy is requested from the supplier and supplier asked to amend invoicing details to PL (if necessary)
• If the invoice is attached to a purchase order the order is checked to see if it has been receipted. If it hasn’t a chaser is sent to the order raiser to either receipt the order or advise of any issues. Supplier is advised of chaser and any are issues also passed back to them
• If the invoice, or an order variance is not authorised, chase the authoriser(s) to approve or advise of an issue. Supplier is advised of chaser and any are issues also passed back to them
• If Invoice is authorised, check for due date and supplier payment terms and confirm these with supplier
• Check for the next payment run and advise supplier of payment date
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.
No
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