FINE TUBES LIMITED
Company Information
- Company Number
- 00381159
- Registered Address
- 2 New Star Road, Leicester, Leicestershire, United Kingdom, LE4 9JD
- Status
- Active
- Employee Count
- 203
- Turnover
- £29,722,000
- EBITDA
- £4,056,000
Additional Details
- Website
- https://finetubes.com/
- Company Type
- Private limited Company
- Incorporated On
- 16 June 1943
- Nature of Business
- 24200 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for FINE TUBES LIMITED to pay invoices to suppliers has been fluctuating over the past three periods, with a slight increase in the most recent period.
Volatility Analysis
The average time taken for FINE TUBES LIMITED to pay invoices has been relatively stable, with a slight increase in the most recent period.
Summary Analysis
From Jan 2019 to Dec 2020, FINE TUBES LIMITED has seen a slight increase in the average time taken to pay invoices, going from 72 days to 80 days.
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 2020 - 31 Dec 2020 | 26 Jan 2021 | 80 | 12% | 27% | 61% | 84% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 70 | 9% | 47% | 44% | 79% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 80 | 20% | 29% | 51% | 59% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 72 | 14% | 31% | 55% | 58% |
| 01 Jun 2018 - 31 Dec 2018 | 30 Jan 2019 | 66 | 30% | 26% | 44% | 64% |
| 01 Jun 2018 - 30 Jun 2018 | 30 Jul 2018 | 68 | 26% | 19% | 55% | 47% |
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
Standard payment terms for Fine Tubes are between 0 days and 150 days depending upon market conditions, supplier relationships, spend and agreed credit limits and are agreed with each supplier when set-up or if amended.
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
150
Dispute Resolution Process
Reasons for not being able to pay based on terms include receiving late or non-compliant invoices or invoices that are in dispute. Once aware of a query, the Accounts Payable team will look into it with the supplier or Buyer as appropriate and work together to resolve them. Suppliers should initially contact ap.finetubes@ametek.com if there are overdue invoices and escalate to the Finance Manager or Purchasing Manager if a response is not received in a reasonable timeframe.
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.
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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.
❌
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
FINE TUBES LIMITED is a UK-based company that specializes in the production of precision tubing for various industries such as aerospace, oil and gas, and nuclear power. The company was founded in 1970 and is headquartered in Plymouth, UK.
The company's sustainability program is focused on reducing its environmental impact and promoting sustainable practices. This includes investing in energy-efficient technologies, reducing waste, and recycling materials. FINE TUBES LIMITED also works closely with its suppliers to ensure they meet the company's high standards of sustainability.
The company's main products include seamless and welded tubes made from stainless steel, titanium, and nickel alloys. These tubes are used in critical applications that require high strength, corrosion resistance, and precision.
The key people at FINE TUBES LIMITED include the CEO, David Burgess, and the Managing Director, Richard Heath. They are supported by a team of experienced engineers and technicians who are dedicated to providing high-quality products and services.
To contact FINE TUBES LIMITED, you can visit their website at www.finetubes.com or email them at sales@finetubes.com. Their registered office address is located at Belvedere House, Tamar Science Park, Plymouth PL6 8BT, UK.
In summary, FINE TUBES LIMITED is a leading manufacturer of precision tubing with a strong commitment to sustainability. Their high-quality products and experienced team make them a reliable partner for various industries. With their focus on sustainability and continuous improvement, FINE TUBES LIMITED is poised for continued success in the future.
