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. 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
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 an active private limited company. Its name and company type indicate its primary function is to act as a holding company, established to manage investments in other businesses or assets.
The company was incorporated on 26 November 2007, operating under company number 06436722. Its registered office is located in Bolton, England, within the North West region, at C/O The Factory Shop Ltd, 3rd Floor Parklands 4b The Parklands, Lostock, BL6 4SD.
As a private limited holding company in the UK, entities such as OFS (DS) HOLDINGS LIMITED focus on the strategic management of investments. Their typical activities include holding equity in subsidiary companies, managing intellectual property, or overseeing other corporate assets within a group structure. This centralises ownership and provides administrative or strategic oversight for their holdings.