IDEAL STANDARD (UK) LIMITED

Company Information

Company Number
00091891
Registered Address
The Bathroom Works, National Avenue, Hull, North Humberside, HU5 4HS
Status
Active
Employee Count
233
Turnover
£145,417,000
EBITDA
£3,590,000

Additional Details

Company Type
Private limited Company
Incorporated On
31 January 1907
Nature of Business
46130 - Agents involved in the sale of timber and building materials
Industries
Raw Materials And Intermediate Goods
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
45 days
Shortest Period:60 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
35%
31-60 Days
20%
After 60 Days
45%
Not Paid Within Terms14%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2019-08-09
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2018 - 31 Dec 201813 Feb 20195719%34%47%6%
01 Jan 2018 - 30 Jun 201830 Jul 20185718%39%43%8%

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

Standard payment terms are 75 days for new suppliers, historically standard terms were 60 days. There are a number of contracts were different terms may be applied

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

90

Dispute Resolution Process

Disputes are resolved via accounts payable involving procurement department where necessary. These are generally initiated by the vendor

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

IDEAL STANDARD (UK) LIMITED is a leading manufacturer and supplier of bathroom and kitchen solutions in the United Kingdom. The company has a strong commitment towards sustainability and offers a wide range of products and services that are environmentally friendly and energy efficient.

The company's sustainability program focuses on reducing its carbon footprint and promoting responsible sourcing and manufacturing practices. They have implemented various measures such as using renewable energy sources, reducing water consumption, and promoting recycling and waste management.

IDEAL STANDARD (UK) LIMITED offers a diverse range of products including bathroom furniture, taps, showers, baths, and toilets. These products are designed with a focus on functionality, durability, and style. The company also offers installation and maintenance services to ensure customer satisfaction.

The key people at IDEAL STANDARD (UK) LIMITED include their Managing Director, David Barber, and their Sustainability Director, Nigel Stansfield. They bring years of experience and expertise to the company and are committed to driving sustainable growth.

To contact IDEAL STANDARD (UK) LIMITED, customers can visit their website at www.idealstandard.co.uk or reach out to their registered office at the following address: Ideal Standard (UK) Ltd, The Bathroom Works, National Avenue, Kingston Upon Hull, HU5 4HS, United Kingdom. The company also has a strong social media presence on platforms like Facebook, Twitter, and LinkedIn, where customers can stay updated on their latest products and sustainability initiatives. Overall, IDEAL STANDARD (UK) LIMITED is a reliable and innovative company that is dedicated to providing sustainable solutions for modern living.

Financial Metrics

Cash
£2,053,000
Net Worth
£44,040,000
Total Current Assets
£37,598,000
Total Current Liabilities
£155,492,000

Company Location