FORMICA LIMITED
Company Information
- Company Number
- 00139731
- Registered Address
- Coast Road, North Shields, Tyne & Wear, NE29 8RE
- Status
- Active
- Employee Count
- 215
- Turnover
- £35,708,000
- EBITDA
- -£5,436,000
Additional Details
- Website
- https://formica.com/
- Company Type
- Private limited Company
- Incorporated On
- 23 March 1915
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- Property-related Goods And Services
- Region
- North East
Company Review
Trend Analysis
The average time taken by FORMICA LIMITED to pay invoices to suppliers has decreased over the past three periods, from 46 days in the first half of 2018 to 39 days in the first half of 2019. This shows a positive trend towards faster payment processing.
Volatility Analysis
The volatility of FORMICA LIMITED's payment processing has also decreased over the three periods, with the percentage of invoices paid within 30 days increasing from 29% to 43%. This indicates a more consistent payment pattern.
Summary Analysis
In summary, FORMICA LIMITED has shown a positive trend towards faster payment processing and a decrease in volatility over the past three periods. The company has consistently improved in paying invoices within 30 days and has decreased the percentage of invoices paid between 31 and 60 days. However, the percentage of invoices paid later than 60 days has remained relatively high and requires attention.
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 2019 - 31 Dec 2019 | 30 Oct 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 07 Aug 2019 | 39 | 43% | 46% | 11% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 43 | 31% | 59% | 10% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Sept 2018 | 46 | 29% | 54% | 17% | 64% |
Payment Time Trends
Payment Distribution Trends
Company Summary
FORMICA LIMITED is a British company that specializes in the manufacturing and distribution of high-pressure decorative laminates. Founded in 1913, the company has grown to become a global leader in the industry, with operations in over 60 countries.
One of the key focuses of FORMICA LIMITED is sustainability. The company is committed to reducing its environmental impact by implementing sustainable practices in its manufacturing processes. This includes using renewable energy sources, reducing waste and emissions, and promoting recycling.
FORMICA LIMITED offers a wide range of products, including laminate sheets, solid surfacing materials, and decorative panels. Their products are known for their durability, versatility, and aesthetic appeal, making them a popular choice for both residential and commercial applications.
The company is led by a team of experienced and dedicated individuals, including its CEO, Mr. Nigel Machin. Under their leadership, FORMICA LIMITED has continued to innovate and expand its product offerings, while also focusing on sustainability and customer satisfaction.
For more information on FORMICA LIMITED and its products, customers can visit their website at www.formica.com. The company's registered office address is 100 High Street, Westerham, Kent, TN16 1JA, United Kingdom. With its commitment to sustainability and high-quality products, FORMICA LIMITED remains a trusted and reputable brand in the industry.
