HOLDFAST TRAINING SERVICES LIMITED
Company number: 04094249
Reporting period:
1 October 2024 to 31 March 2025
Report filed on:
30 April 2025
Approved by:
Andrew Deacon
Payment statistics
Average time taken to pay invoices: 53 days
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 61%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 70%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Holdfast Training Services does not have standard payment terms, however, the most frequently used payment term is 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
40 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any disputes/discrepancies with suppliers are raised on a timely manner by the respective finance departments and are usually resolved amicably. If the disputes are not resolved within agreed timeframe they are escalated to senior management / board . If the dispute remains unresolved legal advice would be sought although this course of action has never been used.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No