Ranked in 5 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
OFS (DS) HOLDINGS LIMITED consistently exhibits extended payment cycles, with an average payment time of 49 days. A significant majority of payments (79%) fall into the 31-60 day or over 60-day categories, indicating a clear trend towards slower rather than prompt settlement.
The company's payment behavior demonstrates significant volatility, with a high 43% of payments being late and 37% extending beyond 60 days. This indicates low predictability in payment timing, presenting a considerable risk to a supplier's consistent cash flow planning.
Suppliers should anticipate extended payment terms and potential delays when engaging with OFS (DS) HOLDINGS LIMITED. It is recommended to adjust credit terms to reflect the 49-day average, set conservative credit limits, and consider upfront payment requirements to mitigate significant cash flow risk.
| 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% |
This information is as reported by the business, and responses are in their own words.
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.
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
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.
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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
OFS (DS) Holdings Limited is a holding company registered in England, incorporated in 2007, with its registered office given care of The Factory Shop Ltd. Companies House records list its nature of business as that of an other holding company, and it has filed group accounts covering retail activity spanning clothing, footwear, furniture, appliances, beauty products and home and garden goods sold through physical and online retail channels. This points to the entity acting as a holding vehicle within The Factory Shop retail group rather than trading directly itself. The company's status is recorded as being in liquidation, and its confirmation statements show a substantial issued share capital reflecting its role within the wider group structure.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk