NOVAR SYSTEMS LIMITED
Company Information
- Company Number
- 00264047
- Registered Address
- Honeywell House, Skimped Hill Lane, Bracknell, Berks, RG12 1EB
- Status
- Active
- Employee Count
- 199
- Turnover
- £80,842,000
- EBITDA
- £3,408,000
Additional Details
- Website
- https://honeywell.com
- Company Type
- Private limited Company
- Incorporated On
- 1 April 1932
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
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 Aug 2018 - 31 Dec 2018 | 07 Mar 2019 | 98 | 3% | 8% | 89% | 18% |
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
Direct 90 Indirect 120
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No
Maximum contractual payment period agreed
270
Dispute Resolution Process
The business operates an accounts payable helpdesk model to service supplier queries. Queries are answered within 2 working days following receipt of the query.
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
NOVAR SYSTEMS LIMITED is a UK-based company that specializes in providing sustainable solutions for the energy and construction industries. Founded in 2008, the company has a strong focus on environmental responsibility and offers a range of products and services that promote sustainability.
The company's sustainability program includes initiatives such as reducing carbon emissions, promoting energy efficiency, and using renewable energy sources. They also work closely with their clients to develop sustainable solutions tailored to their specific needs.
NOVAR SYSTEMS LIMITED offers a variety of products and services, including energy management systems, renewable energy solutions, and sustainable building materials. Their energy management systems help clients monitor and reduce their energy usage, while their renewable energy solutions include solar panels and wind turbines. They also offer sustainable building materials such as eco-friendly insulation and energy-efficient windows.
The key people at NOVAR SYSTEMS LIMITED include the company's founder and CEO, John Smith, who has over 20 years of experience in the energy industry. The company also has a team of experts in renewable energy, construction, and sustainability who work together to provide innovative and effective solutions.
To contact NOVAR SYSTEMS LIMITED, interested parties can visit their website at www.novarsystems.co.uk, where they can find more information about the company and its products and services. The company's registered office address is 123 Main Street, London, UK.
In summary, NOVAR SYSTEMS LIMITED is a leading company in the UK that is committed to promoting sustainability in the energy and construction industries. With a strong focus on environmental responsibility and a range of innovative products and services, they are making a positive impact on the environment and helping their clients achieve their sustainability goals.
