G PLAN UPHOLSTERY LIMITED

PaymentCheck Score 2023
45Poor
New Entry
#4872 in UK
#460 in Property
#237 in South West

Company Information

Company Number
00149073
Registered Address
1 Hampton Park West, Melksham, Wiltshire, SN12 6GU
Status
Active
Employee Count
260
Turnover
£37,678,000
EBITDA
£1,115,000

Additional Details

Company Type
Private limited Company
Incorporated On
7 December 1917
Nature of Business
31090 - Manufacture of other furniture
Industries
Property-related Goods And Services
Region
South West

Time to Pay

Average Time to Pay
41 days
Shortest Period:7 days
Longest Period:90 days
Max Contractual:75 days

Payment Timeline

Within 30 Days
33%
31-60 Days
53%
After 60 Days
14%
Not Paid Within Terms84%

Payment Features

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

Company Review

Trend Analysis

The average time to pay for G PLAN UPHOLSTERY LIMITED has decreased from 53 days in Jul 2017 – Jan 2018 to 41 days in Jul 2022 – Jul 2023, showing an improvement in payment efficiency.

Volatility Analysis

The % Invoices paid within 30 days has increased from 1% in Jul 2017 – Jan 2018 to 33% in Jul 2022 – Jul 2023, indicating a more consistent and timely payment pattern.

Performance Reports History

Reporting Period Filed: 2023-08-02
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
04 Jul 2022 - 02 Jul 202302 Aug 20234133%53%14%84%
03 Jul 2017 - 02 Jan 201826 Mar 2018531%60%39%47%

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

Material suppliers typically will be end of month 60 days and non material suppliers typically would be 30 days or 30 days end of month. However there are variants to these.

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

75

Dispute Resolution Process

Customer will contact accounts payable by telephone or email raising concern on their dispute. A member of the team would respond to the query either through investigation, immediately or would refer the matter to a senior member of the team to assist. It is the businesses aim to action queries as early as possible to a satisfactory conclusion for the supplier.

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

G PLAN UPHOLSTERY LIMITED is a British furniture company that specializes in the production of high-quality upholstered furniture. The company was founded in 1898 and is headquartered in Melksham, Wiltshire.

The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. They use sustainable materials and production methods, as well as actively recycling and reducing waste. They also have a goal to become carbon neutral by 2025.

G PLAN UPHOLSTERY LIMITED offers a wide range of products including sofas, chairs, and footstools. Their furniture is known for its durability, comfort, and classic design. They also offer a bespoke service, allowing customers to customize their furniture to their specific needs and preferences.

The key people at G PLAN UPHOLSTERY LIMITED include their Managing Director, Steven Dowding, and their Creative Director, Nathan Hutchins. Both have extensive experience in the furniture industry and are dedicated to creating high-quality, sustainable products.

For more information on their products and sustainability program, customers can visit their website at www.gplan.co.uk. The registered office address for G PLAN UPHOLSTERY LIMITED is Melksham, Wiltshire, SN12 8DN. Customers can also contact them via email at info@gplan.co.uk or by phone at 01225 792333.

Financial Metrics

Cash
£134,141
Net Worth
-£94,383
Total Current Assets
£10,695,815
Total Current Liabilities
£10,083,398

Company Location