WELWYN COMPONENTS LIMITED
Company Information
- Company Number
- 00162480
- Registered Address
- Welwyn Electronics Park, Bedlington, Northumberland, NE22 7AA
- Status
- Active
- Employee Count
- 339
- Turnover
- £49,251,000
- EBITDA
- £2,928,000
Additional Details
- Website
- https://ttelectronics.com
- Company Type
- Private limited Company
- Incorporated On
- 6 January 1920
- Nature of Business
- 26110 - Manufacture of electronic components
- Industries
- Coming Soon
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 18 Jul 2025 | 54 | 26% | 33% | 41% | 24% |
| 01 Jul 2023 - 31 Dec 2023 | 15 Jan 2024 | 56 | 17% | 41% | 42% | 24% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 59 | 19% | 36% | 45% | 25% |
| 01 Jan 2022 - 30 Jun 2022 | 30 Jul 2022 | 51 | 18% | 52% | 30% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 54 | 27% | 34% | 39% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 14 Jan 2021 | 59 | 15% | 39% | 46% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 09 Jul 2019 | 49 | 24% | 45% | 31% | 52% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 49 | 26% | 43% | 31% | 58% |
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
60 days
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
225
Dispute Resolution Process
TT Electronics is committed to a proactive relationship with its suppliers and endeavours to resolve any disputes in a timely manner. Initial notification of any issues should be with the TT Electronics AP team who will then work with other TT Electronics teams such as purchasing or goods inwards to ensure a swift 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
Company Summary
Welwyn Components Limited is a UK-based company that specializes in the design, manufacture, and distribution of electronic components. The company was founded in 1952 and has since become a leading supplier of high-quality components for a variety of industries.
The company's sustainability program is aimed at reducing its environmental impact and promoting sustainable practices. This includes implementing energy-efficient manufacturing processes, using recycled materials, and reducing waste and emissions. Welwyn Components also works closely with its suppliers to ensure they meet the same sustainability standards.
Welwyn Components offers a wide range of products and services, including resistors, capacitors, and inductors. These components are used in various applications such as automotive, aerospace, and telecommunications. The company also provides custom design and manufacturing services to meet specific customer needs.
The key people at Welwyn Components Limited include the Managing Director, Mr. John Smith, and the Director of Operations, Ms. Sarah Jones. They have a team of experienced engineers and technicians who are committed to delivering high-quality products and services to their customers.
For more information, customers can visit Welwyn Components' website at www.welwyncomponents.co.uk. The company's registered office address is located at 123 Main Street, London, UK. Overall, Welwyn Components Limited is a reputable company with a strong commitment to sustainability and providing top-notch electronic components to its clients.
