THE FACTORY SHOP LIMITED
Company Information
- Company Number
- 04176887
- Registered Address
- C/O The Factory Shop Ltd, 3rd Floor Parklands 4b The Parklands, Lostock, Bolton, England, BL6 4SD
- Status
- Voluntary Arrangement
- Employee Count
- 1,862
- Turnover
- £117,512,000
- EBITDA
- £233,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 9 March 2001
- Nature of Business
- 47190 - Other retail sale in non-specialised stores
- Industries
- Supply Chain
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
THE FACTORY SHOP LIMITED consistently exhibits an average payment time of 49 days, indicating a regular trend of settling invoices beyond standard 30-day terms. A significant trajectory is observed with 37% of payments extending beyond 60 days, establishing a pattern of slower payment cycles.
Volatility Analysis
Payment reliability from THE FACTORY SHOP LIMITED is considerably unpredictable, with only 22% of invoices paid within 30 days while a substantial 43% are categorized as late. The significant 37% of payments exceeding 60 days introduces high risk and challenges for accurate cash flow forecasting for suppliers.
Summary Analysis
Suppliers should anticipate an average payment period of 49 days, recognizing the high likelihood of late payments (43%) and a considerable portion extending beyond 60 days. To mitigate risk, consider negotiating shorter payment terms, requesting upfront deposits for larger orders, or implementing strict credit limits.
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 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 52 | 20% | 39% | 41% | 46% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 49 | 22% | 42% | 37% | 43% |
| 01 Apr 2023 - 30 Sept 2023 | 27 Oct 2023 | 48 | 23% | 42% | 35% | 41% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 48 | 22% | 32% | 46% | 40% |
| 01 Apr 2022 - 30 Sept 2022 | 21 Oct 2022 | 45 | 21% | 25% | 54% | 47% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 46 | 23% | 25% | 52% | 46% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 42 | 25% | 20% | 55% | 40% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 37 | 43% | 20% | 36% | 19% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 70 | 34% | 41% | 25% | 37% |
| 01 Oct 2019 - 31 Mar 2020 | 01 May 2020 | 34 | 58% | 16% | 26% | 6% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 41 | 46% | 30% | 25% | 7% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 38 | 47% | 33% | 20% | 9% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 51 | 29% | 30% | 41% | 45% |
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
There are no standard payment periods. Common periods are 30, 60 or 90 days. Most frequent for UK suppliers is 30 days and for imports 30 days before date of estimated delivery. Our terms state that invoices will be paid on the Friday of the week the agreed payment period falls due. The payment week runs from Sunday to Saturday.
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
120
Dispute Resolution Process
In the first instance disputes are dealt with by the merchandising department. If the matter cannot be resolved it will be escalated to senior management.
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.
❌
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
THE FACTORY SHOP LIMITED is a private limited company that, based on its name, operates in the retail sector, typically offering goods directly from a factory or warehouse environment.
Incorporated on 9 March 2001 with company number 04176887, THE FACTORY SHOP LIMITED's registered office is situated at 3rd Floor Parklands 4b The Parklands, Lostock, Bolton, England, BL6 4SD. This places its operations within the North West of England. The company is currently under a Voluntary Arrangement.
In the UK market, a company operating under the "factory shop" model typically offers a wide array of consumer goods, such as clothing, homeware, and general merchandise. These businesses often aim to provide products at competitive prices, frequently by selling surplus stock, end-of-line items, or direct-from-manufacturer goods.
