IDEAL BOILERS LIMITED

PaymentCheck Score 2025
52Fair
17.5vs last year
#3517 in UK
#343 in Property
#162 in Yorkshire and The Humber

Company Information

Company Number
00322137
Registered Address
Ideal Boilers Limited, National Avenue, Hull, East Yorkshire, HU5 4JB
Status
Active
Employee Count
962
Turnover
£383,247,000
EBITDA
£77,797,000

Additional Details

Company Type
Private limited Company
Incorporated On
19 December 1936
Nature of Business
25210 - Manufacture of central heating radiators and boilers
Industries
Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
Region
Yorkshire and The Humber

Time to Pay

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

Payment Timeline

Within 30 Days
51%
31-60 Days
39%
After 60 Days
10%
Not Paid Within Terms27%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-07
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202529 Jul 20254828%58%14%24%
01 Jul 2024 - 31 Dec 202407 Jan 20253251%39%10%27%
01 Jan 2024 - 30 Jun 202423 Jul 20243156%34%10%23%
01 Jul 2023 - 31 Dec 202322 Jan 20245025%53%22%30%
01 Jan 2023 - 30 Jun 202327 Jul 20234333%47%20%19%
01 Jul 2022 - 31 Dec 202203 Jan 20234238%44%18%19%
01 Jan 2022 - 30 Jun 202225 Jul 20223747%36%17%16%
01 Jul 2021 - 31 Dec 202110 Jan 20223549%34%17%17%
01 Jan 2021 - 30 Jun 202111 Aug 20215228%27%45%32%
01 Jul 2020 - 31 Dec 202011 Aug 20215631%16%53%30%
01 Jan 2020 - 30 Jun 202011 Aug 20215530%13%57%36%
01 Jul 2019 - 31 Dec 201911 Aug 20215127%15%58%28%
01 Jan 2019 - 30 Jun 201911 Aug 20215225%14%61%28%
01 Jul 2018 - 31 Dec 201811 Aug 20215123%11%66%23%
01 Jan 2018 - 30 Jun 201811 Aug 20214919%17%64%21%

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

30 days EOM

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

90

Dispute Resolution Process

The accounts payable team aims to deal with all disputes promptly. Contact details are provided to suppliers during account setup.

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

IDEAL BOILERS LIMITED is a British company that specializes in the manufacture and distribution of heating solutions for residential and commercial buildings. The company was founded in 1906 and is currently headquartered in Hull, England.

The main activities of IDEAL BOILERS LIMITED include the production of high-quality boilers, water heaters, and radiators. These products are designed to provide efficient and reliable heating solutions for homes and businesses. The company also offers a range of related services, such as installation, maintenance, and repair.

One of the key focuses of IDEAL BOILERS LIMITED is sustainability. The company is committed to reducing its environmental impact by implementing energy-efficient practices in its manufacturing processes and using sustainable materials in its products. IDEAL BOILERS LIMITED also offers a range of environmentally friendly products, such as condensing boilers and solar water heating systems.

The company is led by a team of experienced and knowledgeable individuals, including CEO Shaun Edwards and Managing Director Andrew Gough. The company also has a team of dedicated engineers and customer service representatives who strive to provide the best quality products and services to their customers.

To get in touch with IDEAL BOILERS LIMITED, customers can visit their website at www.idealboilers.com. The company's registered office address is at Ideal Boilers, National Avenue, Hull, HU5 4JB, United Kingdom. Overall, IDEAL BOILERS LIMITED is a trusted and reputable company that continues to provide innovative and sustainable heating solutions to its customers.

Financial Metrics

Cash
£932,000
Net Worth
£53,595,000
Total Current Assets
£191,551,000
Total Current Liabilities
£103,221,000

Company Location