First Rate Exchange Services Limited payment practices report
PennyFetch rating based on government data:
Good payerCompanies House no. 04287490
This rating is PennyFetch’s own assessment derived from data self-reported by First Rate Exchange Services Limited to the UK government.
Avg. days to pay
13
UK median: 32
Outside agreed terms
2%
UK average: 24%
Trend
Stable
15 reports filed
Payment terms
30 days
Standard terms
Invoice payment breakdown
How First Rate Exchange Services Limited compares
First Rate Exchange Services Limited takes an average of 13 days to pay its suppliers, which is 19 days faster than the UK median of 32 days across 9,336 reporting companies. 2% of their invoices fall outside the agreed payment terms, compared to a national average of 24%.
The “outside agreed terms” percentage measures how often the company pays after its own agreed payment terms (30 days), not against a fixed 30-day standard. A company with long payment terms can still be rated “Good payer” if it consistently meets those terms.
Payment history
| Period | Avg. days | % outside terms | % in 30d | % over 60d |
|---|---|---|---|---|
| Apr 2025 to Sept 2025 | 13 | 2% | 99% | 1% |
| Oct 2024 to Mar 2025 | 12 | 2% | 99% | 0% |
| Apr 2024 to Sept 2024 | 13 | 1% | 98% | 1% |
| Oct 2023 to Mar 2024 | 14 | 3% | 98% | 0% |
| Apr 2023 to Sept 2023 | 15 | 3% | 98% | 1% |
| Oct 2022 to Mar 2023 | 17 | 2% | 98% | 0% |
| Apr 2022 to Sept 2022 | 16 | 5% | 97% | 0% |
| Oct 2021 to Mar 2022 | 13 | 6% | 97% | 0% |
| Apr 2021 to Sept 2021 | 13 | 7% | 98% | 2% |
| Oct 2020 to Mar 2021 | 12 | 9% | 98% | 2% |
| Apr 2020 to Sept 2020 | 11 | 11% | 94% | 3% |
| Oct 2019 to Mar 2020 | 9 | 7% | 96% | 2% |
| Apr 2019 to Sept 2019 | 9 | 6% | 96% | 1% |
| Oct 2018 to Mar 2019 | 7 | 3% | 99% | 0% |
| Apr 2018 to Sept 2018 | 12 | 4% | 93% | 2% |
PennyFetch tracks your invoices, sends automatic payment reminders, and calculates statutory interest if anything goes overdue.
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All payment statistics on this page are self-reported by First Rate Exchange Services Limited to the UK Government Payment Practices Reporting service . The government publishes this data but does not independently verify the figures. Published under the Open Government Licence v3.0.
Most recent report filed: Nov 2025. The rating labels on this page (e.g. “Good payer”, “Often outside terms”) are PennyFetch’s own classifications based on the reported data. They are not government ratings. This page is for informational purposes and does not constitute legal or financial advice.
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