Their own payment-practices filing · gov.uk

How long does T.r. Fastenings Limited take to pay its suppliers?

CRN 01103675 · Manufacturing · 14 statutory reports on record · period to 31 Mar 2025

54days

their reported average time to pay suppliers, latest period

Slower than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

Dated record. The latest report covers a period ending 31 Mar 2025 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 23 Mar 1973
Registered office: NATIONAL DISTRIBUTION CENTRE, WALSALL, WS2 8DQ

1 outstanding charge — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 0–120 days. Reported average: 54.

Stated terms0–120d

+54 days

Reported avg54d

At a glance

The key figures

0–120d

their stated terms

30%

invoices paid outside terms

+9d

slower over the window

±6d

variable pattern

Vs peers · latest reported averages

fasterslower

Slower than 67% of the 992 large companies reporting in manufacturing.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

H2 2022H1 2023H2 2023H1 2024H2 2024H1 2025

Where their supplier invoices land · latest period

within 30 days 28% 31–60 days 24% 61+ days 48%

The read · computed from their figures

T.r. Fastenings Limited has filed 14 statutory payment periods (earliest H2 2018). Their latest report puts the average at 54 days against stated terms of 0–120 days.

The direction is slower: from 45 to 54 days over the window — about 9 days slower.

In the latest period 30% of invoices were paid outside their agreed terms, and 48% landed 61+ days out.

In their own words · from the filing

Standard payment terms

TR Fastenings Ltd standard payment terms for stock suppliers are from date of invoice or receipt of invoice where a copy has been received. M15 net monthly, payable on the 15th or the 1st working day after. M30 net monthly, payable 1st working day after due date , or the 1st available date subject to the Company shutdown at Christmas or Public Holidays. M45 net monthly, payable on the 15th or the 1st working day after. M60 net monthly, payable on the 1st working day after due date, or the 1st available date subject to the Company shutdown at Christmas or Public Holidays. Exceptions to the above include: Imported goods where payment is from Bill of Lading (SOL), and TR Fastenings Ltd have terms ranging from: SOLO to SOL 60. Following an extraordinary agreement with certain s

Dispute resolution

If at any time a dispute arises between TR Fastenings Ltd and a supplier, the invoice will be recorded on the system, and rejected as a non-compliant invoice. Our process is to reject the invoice with a reason code i.e. quantity difference to an Accounts Administrator, they liaise with the Purchase Order placer who in turn will contact the supplier with the query. Once a resolution has been agreed the invoice will be passed back to finance for processing and payment. Where necessary a credit note will be requested and if this is not forthcoming within 2 weeks TR will raise an internal debit note, and a copy will be sent to the supplier.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2025	54	30%	48%	25 Apr 2025
H2 2024	53	16%	47%	4 Oct 2024
H1 2024	56	36%	48%	5 Apr 2024
H2 2023	64	12%	64%	10 Oct 2023
H1 2023	51	31%	45%	26 Apr 2023
H2 2022	45	18%	35%	6 Oct 2022
H1 2022	54	27%	45%	25 Apr 2022
H2 2021	38	3%	11%	7 Oct 2021
H1 2021	41	5%	18%	8 Apr 2021
H2 2020	45	12%	13%	13 Oct 2020
H1 2020	46	2%	20%	6 Apr 2020
H2 2019	49	1%	16%	2 Oct 2019
H1 2019	50	3%	25%	9 Apr 2019
H2 2018	51	2%	19%	3 Oct 2018

Working-capital effect

What a 54-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 54-day vs a 0-day payment cycle.

≈ £21,500

of invoicing outstanding at any one time on a 54-day cycle — about £21,300 more than the same account would carry at 0-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?

Their reported average has moved about 9 days slower over the window (45 → 54 days).

What's their typical pay point?

Their latest reports average around day 54, moving within about ±6 days. Treat that as a historical reference point, not a promise for a new invoice.

Can I see what this means for my invoices?

Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch T.r. Fastenings Limited (free)

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How UK payment reporting works

What is a Payment Practices Report?

UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.

What does "paid outside agreed terms" mean?

The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.

How often is this data updated?

Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.

Is this official government data?

The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-01103675 · latest period to 31 Mar 2025

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