Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
HOWMET FASTENING SYSTEMS LIMITED demonstrates an average payment time of 55 days, with the majority of payments (54%) falling within the 31-60 day range. This trend indicates a consistent trajectory towards extended payment terms, with a significant 33% of payments further extending beyond 60 days.
Payment reliability is moderate, as 33% of invoices are paid over 60 days, contributing to a 16% late payment rate. This distribution introduces unpredictability for cash flow, suggesting a notable risk of payments extending well beyond the average and impacting supplier working capital planning.
Suppliers should anticipate an average payment cycle of 55 days, recognizing a high probability of payments extending beyond 60 days. It is advisable to adjust credit terms accordingly or implement strategies, such as factoring in longer payment lead times, to mitigate potential cash flow strain.
| 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 Jul 2025 - 31 Dec 2025 | 28 Jan 2026 | 66 | 5% | 45% | 50% | 12% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 67 | 5% | 30% | 65% | 9% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 55 | 13% | 54% | 33% | 16% |
| 01 Jan 2024 - 30 Jun 2024 | 12 Aug 2024 | 55 | 10% | 56% | 34% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 90 days EOAP (end of accumulation period), unless otherwise stated in the purchase order or contract.
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
90
In the case of disputes, suppliers should contact Accounts Payable who will then refer the issue to the appropriate internal department.
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
Howmet Fastening Systems Limited, registered in Telford, Shropshire, trades as HFS Industrial. It manufactures industrial fastening products, including lock bolts, structural blind fasteners, self-locking nuts, quick-release fasteners, draw latches and threaded inserts, and also engineers custom parts for specific applications. Its products, marketed under brands such as Huck, Camloc, Simmonds and Recoil, serve sectors including automotive, agriculture, wind, solar, rail, truck and trailer, and building and construction. The company is part of a wider group with manufacturing and distribution facilities across major continents, supplying both global manufacturers and local customers with fastening solutions for safety-critical and vital applications.
Generated from the company's website and Companies House records. Sources: hfsindustrial.com · hfsindustrial.com