BETA This is a new service – your feedback will help us to improve it.


Company number: 02867838

Reporting period:
26 February 2022 to 25 August 2022

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 15 September 2022

and approved by Jonathan Stockton

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

Invoices due but not paid within agreed terms: 10 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

60 days

Standard payment terms

Payment terms are agreed with suppliers and subcontractors as part of contract negotiations. Payment runs are typically done on a weekly basis

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

60 days

Any other information about payment terms


Dispute resolution process

Freedom Group of Companies Limited takes prides in developing open and long lasting relationships with its suppliers and subcontractors. Freedom Group of Companies Limited actively seeks to resolve disputes by discussing them with the relevant supplier or subcontractor. This typically involves members of the procurement, accounts payable and commercial teams. Where necessary it is escalated to members of management. Where it is not possible to reach an agreement, a number of potential dispute resolution methods may be used, e.g. mediation, litigation or arbitration.

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 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?