L.G.HARRIS & CO.LIMITED

PaymentCheck Score 2020
55Fair
New Entry
#3382 in UK
#67 in Manufacturing
#177 in West Midlands

Company Information

Company Number
00249316
Registered Address
Harris Brush Works, Hanbury Road, Stoke Prior, Bromsgrove, Worcs, B60 4AE
Status
Active
Employee Count
185
Turnover
£38,665,000
EBITDA
-£1,175,000

Additional Details

Company Type
Private limited Company
Incorporated On
7 July 1930
Nature of Business
25730 - Manufacture of tools
32910 - Manufacture of brooms and brushes
Industries
Manufacturing
Region
West Midlands

Time to Pay

Average Time to Pay
46 days
Shortest Period:0 days
Longest Period:0 days
Max Contractual:121 days

Payment Timeline

Within 30 Days
36%
31-60 Days
37%
After 60 Days
27%
Not Paid Within Terms20%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-08-13
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2020 - 30 Jun 202013 Aug 20204636%37%27%20%
01 Jul 2019 - 31 Dec 201926 Feb 20204936%32%32%25%
01 Jan 2019 - 30 Jun 201910 Oct 20194927%43%30%21%
01 Jul 2018 - 31 Dec 201814 Feb 20195222%46%32%20%
01 Jan 2018 - 30 Jun 201825 Jul 20185323%37%40%25%

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

We do not have standard payment terms.

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

121

Dispute Resolution Process

We would contact the supplier by phone or email for any payment disputes.

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

L.G. Harris & Co. Limited is a British company that specializes in manufacturing and distributing paint brushes, rollers, and other decorating tools. Founded in 1928, the company has a strong commitment to sustainability, with a focus on reducing their environmental impact and promoting ethical and responsible business practices.

Their sustainability program includes initiatives such as using recycled materials in their products, reducing energy consumption in their factories, and implementing ethical sourcing practices. They are also committed to reducing waste and promoting recycling throughout their supply chain.

The company's products include a wide range of paint brushes and rollers for both professional and DIY use. They also offer a variety of decorating tools and accessories, such as scrapers, trays, and extension poles. Their products are known for their high quality and durability, and are widely used by professionals and homeowners alike.

The key people behind L.G. Harris & Co. Limited include the managing director, Richard Smith, and the operations director, David Harrison. Both have extensive experience in the paint and decorating industry and are committed to driving the company's sustainability efforts.

The company's website address is www.harrisbrushes.com, where customers can browse their products, learn more about their sustainability initiatives, and find a list of retailers where their products can be purchased. Their registered office address is L.G. Harris & Co. Limited, Three Queens Square, Ascot Business Park, Lyndhurst Road, Ascot, Berkshire, SL5 9FE, United Kingdom.

In summary, L.G. Harris & Co. Limited is a well-established British company that produces high-quality paint brushes, rollers, and decorating tools. They have a strong focus on sustainability, with initiatives to reduce their environmental impact and promote ethical business practices. Their key people have extensive experience in the industry, and their products can be found at various retailers or purchased directly through their website.

Financial Metrics

Cash
£1,219,000
Net Worth
£18,011,000
Total Current Assets
£24,092,000
Total Current Liabilities
£17,750,000

Company Location