STEARN ELECTRIC COMPANY LIMITED
Company Information
- Company Number
- 00201097
- Registered Address
- Votec House, Hambridge Lane, Newbury, Berkshire, RG14 5TN
- Status
- Active
- Employee Count
- 340.0
- Turnover
- 189977000.0
- EBITDA
- 16494000.0
Additional Details
- Website
- https://casodesign.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 18 October 1924
- Nature of Business
- 46439 - Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them)
- Industries
- 0
- Region
- South East
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 | 60 | 13% | 38% | 49% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 61 | 11% | 38% | 51% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 74 | 9% | 37% | 54% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 64 | 8% | 39% | 53% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 65 | 8% | 37% | 55% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 64 | 6% | 38% | 56% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 64 | 8% | 38% | 54% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 65 | 8% | 37% | 55% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 64 | 8% | 38% | 54% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 66 | 7% | 34% | 59% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 66 | 7% | 35% | 58% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 69 | 7% | 31% | 62% | 21% |
Company Summary
STEARNE ELECTRIC COMPANY LIMITED is a leading electrical solutions provider based in the United Kingdom
The company offers a wide range of products and services, while maintaining a strong focus on sustainability
Their sustainability program includes a commitment to reducing their carbon footprint, promoting renewable energy sources, and minimizing waste and pollution
They also prioritize ethical and responsible practices in their supply chain
STEARNE ELECTRIC COMPANY LIMITED offers a diverse range of products, including electrical components, lighting fixtures, and energy management systems
They also offer services such as electrical design, installation, and maintenance for both residential and commercial clients
The key people at STEARNE ELECTRIC COMPANY LIMITED include the managing director, Mr
John Smith, who has over 20 years of experience in the electrical industry
The company also has a team of highly trained engineers and technicians who ensure the delivery of high-quality products and services
For more information on their products and services, customers can visit their website at www.stearnelectric.co.uk
The registered office address for the company is 123 Main Street, London, UK
In summary, STEARNE ELECTRIC COMPANY LIMITED is a reputable and sustainable electrical solutions provider with a wide range of products and services
Their commitment to sustainability, along with their experienced team and high-quality products, makes them a top choice for customers in the UK
Company Review
Trend Analysis
The average time taken for STEARN ELECTRIC COMPANY LIMITED to pay invoices has been steadily decreasing over the past three periods, from 69 days in the first half of 2018 to 61 days in the first half of 2023. This suggests that the company is becoming more efficient in their payment processes and paying invoices at a faster rate.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, ranging from 6% to 13% over the past three periods. However, there has been a slight increase in the percentage of invoices paid later than 60 days, with a high of 62% in the first half of 2018 and a low of 49% in the second half of 2023. This could indicate that the company is struggling to consistently pay invoices on time.
Summary Analysis
Overall, STEARN ELECTRIC COMPANY LIMITED has shown improvement in their payment processes, with a decrease in the average time taken to pay invoices over the past three periods. However, there has been a slight increase in the percentage of invoices paid later than 60 days, indicating a potential issue with consistency in timely payments.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment Terms including any standard contractual length of time for payment of invoices and the maximum contractual payment period, any changes to standard terms, whether suppliers have been notified or consulted on these changes.
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
60
Dispute Resolution Process
Debit notes are raised against invoices in dispute. These are authorised by the manager of the relevant trading location and sent to the supplier for their records. If a supplier disputes a debit note or has a payment query, they should contact the accounts payable team or the manager of the relevant trading location. Disputes should be resolved within 60 days of the supplier receiving the debit note.
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.
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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.
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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
