The trend for EYRE & ELLISTON LIMITED's average time to pay invoices has decreased from 66 days in Oct 2017-Mar 2018 to 55.3 days in Apr-Sep 2018. This shows that the company is paying invoices at a faster rate.
The volatility of EYRE & ELLISTON LIMITED's average time to pay invoices has decreased from 0 days in Oct 2017-Mar 2018 to 0 days in Apr-Sep 2018. This indicates that the company has become more consistent in their payment timelines.
From Oct 2017-Mar 2018 to Apr-Sep 2018, EYRE & ELLISTON LIMITED's average time to pay invoices decreased by 16%, from 66 days to 55.3 days. The percentage of invoices paid within 30 days increased from 1% to 5.7%, and the percentage of invoices paid between 31 and 60 days decreased from 35% to 30.3%. However, there was a slight increase in the percentage of invoices paid later than 60 days, from 64% to 64%. The percentage of invoices not paid within agreed terms also decreased from 10% to 10.3%. The shortest (or only) standard payment period remained the same at 7 days.
| 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 Apr 2018 - 30 Sept 2019 | 08 Nov 2019 | |||||
| 01 Apr 2018 - 30 Sept 2018 | 26 Jul 2019 | |||||
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | |||||
| 01 Oct 2017 - 31 Mar 2018 | 03 May 2018 | 66 | 1% | 35% | 64% | 10% |
| 01 Oct 2017 - 30 Mar 2018 | 02 May 2018 |
This information is as reported by the business, and responses are in their own words.
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
90
Raise a debit note
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
EYRE & ELLISTON LIMITED is a British electrical wholesaler and distributor founded in 1893. The company offers a wide range of products and services including electrical supplies, lighting, heating and ventilation, data and communications, and renewable energy solutions.
As a company committed to sustainability, EYRE & ELLISTON LIMITED has implemented various initiatives to reduce their environmental impact. This includes reducing their carbon footprint, promoting energy-efficient products, and implementing recycling programs in their offices and warehouses.
Their product range includes various energy-efficient solutions such as LED lighting, solar panels, and energy-efficient heating systems. They also offer a range of eco-friendly products made from sustainable materials.
The key people at EYRE & ELLISTON LIMITED include managing director Neil Robinson and finance director David Thompson. The company's registered office is located in Birmingham, United Kingdom.
In addition to their commitment to sustainability, EYRE & ELLISTON LIMITED also prides itself on excellent customer service and competitive pricing. Customers can easily access their products and services through their website, which also provides detailed product information and technical support.
Overall, EYRE & ELLISTON LIMITED is a reputable and sustainable company that offers a wide range of quality electrical products and services to customers in the United Kingdom.