SKF UK LIMITED
Company Information
- Company Number
- 00107367
- Registered Address
- Sundon Park Road, Luton, Bedfordshire, LU3 3BL
- Status
- Active
- Employee Count
- 659.0
- Turnover
- 225941000.0
- EBITDA
- 9533000.0
Additional Details
- Website
- https://skf.com
- Company Type
- Private limited Company
- Incorporated On
- 7 February 1910
- Nature of Business
- 28150 - Manufacture of bearings, gears, gearing and driving elements
- Industries
- 0
- Region
- East of England
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 46 | 24% | 51% | 25% | 20% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 45 | 21% | 53% | 26% | 23% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 41 | 28% | 50% | 22% | 23% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 44 | 23% | 50% | 28% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 37 | 30% | 47% | 23% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 41 | 21% | 51% | 28% | 33% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 39 | 30% | 52% | 18% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 39 | 31% | 49% | 20% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 40 | 33% | 50% | 17% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 38 | 47% | 41% | 12% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 38 | 37% | 45% | 18% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 33 | 41% | 43% | 16% | 26% |
Company Summary
SKF (U.K.) LIMITED is a leading global supplier of products, solutions and services within the bearings, seals, lubrication systems, and services industries
The company has been operating in the United Kingdom for over 100 years and has established itself as a trusted and reliable partner for customers across various industries
The company's sustainability program is a key focus, with a commitment to minimizing its environmental impact and promoting sustainable practices
This includes reducing energy and water consumption, managing waste responsibly, and promoting eco-friendly products
SKF (U.K.) LIMITED offers a wide range of products and services, including bearings, seals, lubrication systems, and condition monitoring
These products are designed to improve the performance, reliability, and sustainability of machinery and equipment
The company's key people include Managing Director, Peter Elliott, who has over 30 years of experience in the industry, and Sustainability Manager, Helen White, who is responsible for driving the company's sustainability initiatives
Customers can contact SKF (U.K.) LIMITED through their website, where they can find detailed information about the company's products, services, and sustainability efforts
The company's registered office address is One Victoria Street, Bristol, BS1 6AA, UK
In summary, SKF (U.K.) LIMITED is a leading supplier of products, solutions, and services in the bearings, seals, lubrication systems, and services industries
The company has a strong commitment to sustainability and offers a wide range of eco-friendly products and services
With experienced leadership and a focus on innovation, SKF (U.K.) LIMITED continues to be a trusted partner for customers in the United Kingdom and worldwide
Company Review
Trend Analysis
The average time taken for SKF (U.K.) LIMITED to pay invoices has fluctuated between 33 and 46 days over the past three years.
Volatility Analysis
The average time taken for SKF (U.K.) LIMITED to pay invoices has fluctuated by an average of 3.8 days over the past three years.
Summary Analysis
Overall, there has been an increase in the average time taken for SKF (U.K.) LIMITED to pay invoices, the percentage of invoices paid later than 60 days, and the percentage of invoices not paid within agreed terms over the past three years.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
SKF (U.K.) Limited standard payment terms are net monthly i.e. payment date is calculated from end of month following invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
150
Dispute Resolution Process
The outsource partner with the SKF Finance Operations Center are responsible for dealing with invoice queries. They will resolve any queries directly where possible and will pass any remaining onto the purchasing responsible for resolution.
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
