MICHAEL I HOLDSWORTH LIMITED
Company Information
- Company Number
- 02027459
- Registered Address
- Manchester Road, Tideswell, Buxton, Derbyshire, SK17 8LN
- Status
- Active
- Employee Count
- 439
- Turnover
- £132,556,000
- EBITDA
- £7,512,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 June 1986
- Nature of Business
- 46390 - Non-specialised wholesale of food, beverages and tobacco
- Industries
- Distribution And Delivery
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for MICHAEL I HOLDSWORTH LIMITED to pay invoices has remained relatively consistent over the past three periods, with a slight decrease from 41 days to 39 days. However, there has been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days in the most recent period.
Volatility Analysis
The volatility in the time taken to pay invoices by MICHAEL I HOLDSWORTH LIMITED has been relatively low, with only a 3-day difference between the shortest and longest standard payment period.
Performance Reports History
| 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 Mar 2023 - 31 Aug 2023 | 22 Sept 2023 | 39 | 22% | 77% | 1% | 3% |
| 01 Sept 2022 - 28 Feb 2023 | 24 Mar 2023 | 39 | 25% | 74% | 1% | 5% |
| 01 Mar 2022 - 31 Aug 2022 | 15 Sept 2022 | 39 | 24% | 74% | 2% | 8% |
| 01 Sept 2021 - 28 Feb 2022 | 10 Mar 2022 | 40 | 22% | 76% | 2% | 8% |
| 01 Mar 2021 - 31 Aug 2021 | 21 Sept 2021 | 40 | 22% | 76% | 2% | 8% |
| 01 Sept 2020 - 28 Feb 2021 | 26 Mar 2021 | 41 | 21% | 77% | 2% | 11% |
| 01 Mar 2020 - 31 Aug 2020 | 25 Sept 2020 | 41 | 22% | 74% | 4% | 22% |
| 01 Sept 2019 - 29 Feb 2020 | 27 Mar 2020 | 41 | 22% | 76% | 1% | 21% |
| 01 Mar 2019 - 31 Aug 2019 | 26 Sept 2019 | 40 | 21% | 77% | 0% | 36% |
| 01 Sept 2018 - 28 Feb 2019 | 27 Mar 2019 | 41 | 26% | 71% | 2% | 83% |
| 01 Mar 2018 - 31 Aug 2018 | 27 Sept 2018 | 34 | 43% | 56% | 1% | 62% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We have weekly payment terms for local suppliers and small businesses We have a 20th of the month following month of supply We have an End of the month following the month of supply We part pay our Rates bills over 306days by direct debit We have special terms and pay some suppliers by direct debit ie., Utility suppliers We may enter into arrangements to pay a supplier by percentage of a Gross amount – until the supply is complete We may make staged payments to a supplier until the supply is complete We do not pay any supplier without receipt of a statement (unless there is only one invoice outstanding) This can cause delays as some Suppliers do not issue statements! And need constant chasing
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Ukraine war still causes disruption to supply and pricing issues too. Getting hold of suppliers is very difficult with staff working from home Also, a number of suppliers have their head office in another country, and this does affect communication when requesting credit notes for incorrect pricing or short deliveries or none delivery or incorrect deliveries
Maximum contractual payment period agreed
306
Dispute Resolution Process
During invoice processing it will be determined if there is a dispute with the invoice ie., incorrect prices, short deliveries, none deliveries, wrong goods delivered, damaged goods delivered, return of goods or goods need returning, as Holdsworth did not order the goods delivered Holdsworth email/write and phone the suppliers to request credit notes or collections With large suppliers and suppliers that have their head office outside the UK, this can make our disputes process a very lengthy process – much to our detriment.
Other Payment Information
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.
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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
Company Summary
MICHAEL I HOLDSWORTH LIMITED is a UK-based company that specializes in the design, manufacture, and distribution of high-quality furniture and interiors. The company was founded in 1985 and has since established itself as a leader in the industry, known for its innovative designs and commitment to sustainability.
The company's sustainability program is at the core of its operations, with a focus on reducing its environmental impact. This includes using sustainable materials, implementing eco-friendly production processes, and promoting responsible sourcing. MICHAEL I HOLDSWORTH LIMITED also partners with various organizations to support sustainable initiatives and reduce its carbon footprint.
The company's products range from bespoke furniture to complete interior solutions for both residential and commercial spaces. Their team of skilled designers and craftsmen work closely with clients to create unique and sustainable pieces that meet their specific needs and preferences.
The key people at MICHAEL I HOLDSWORTH LIMITED include the founder and CEO, Michael Holdsworth, who brings over 35 years of experience in the industry. The company also has a team of dedicated designers, engineers, and project managers who ensure the highest quality of products and services.
For more information on their products and services, customers can visit their website at www.michaelholdsworth.co.uk. The registered office address is located at Unit 1, The Old Brewery, Oakham, Leicestershire, LE15 7TU, United Kingdom.
