GRATTE BROTHERS LIMITED
Company Information
- Company Number
- 00411138
- Registered Address
- 2 Regents Wharf, All Saints Street, London, N1 9RL
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 May 1946
- Nature of Business
- 43210 - Electrical installation
- Industries
- Coming Soon
- Region
- Other
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
GRATTE BROTHERS LIMITED exhibits a consistent trend of slow payments, with an average payment time of 55 days. A significant 43% of invoices are paid over 60 days, indicating a trajectory where timely payments are not the norm for this company.
Volatility Analysis
The reliability of prompt payment from GRATTE BROTHERS LIMITED is low, given only 17% of invoices are settled within 30 days. While only 7% are formally "late," the high percentage of payments occurring beyond 60 days introduces predictability challenges and significant cash flow risk for suppliers.
Summary Analysis
Suppliers should approach GRATTE BROTHERS LIMITED with caution due to their consistently slow payment habits and high average payment time of 55 days. It is recommended to factor in extended credit terms, potentially requiring upfront payments or negotiating milestone payments to mitigate the significant cash flow strain this payment profile presents.
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 Apr 2025 - 30 Sept 2025 | 16 Oct 2025 | 55 | 17% | 40% | 43% | 7% |
| 01 Oct 2024 - 31 Mar 2025 | 13 May 2025 | 53 | 16% | 49% | 35% | 7% |
| 01 Apr 2024 - 30 Sept 2024 | 14 Jan 2025 | 52 | 17% | 46% | 37% | 7% |
| 01 Oct 2023 - 31 Mar 2024 | 23 May 2024 | 53 | 19% | 44% | 37% | 7% |
| 01 Apr 2023 - 30 Sept 2023 | 11 Oct 2023 | 55 | 15% | 45% | 40% | 7% |
| 01 Oct 2022 - 31 Mar 2023 | 18 Apr 2023 | 56 | 15% | 44% | 41% | 8% |
| 01 Apr 2022 - 30 Sept 2022 | 15 Dec 2022 | 58 | 16% | 38% | 45% | 9% |
| 01 Oct 2021 - 31 Mar 2022 | 25 May 2022 | 57 | 18% | 40% | 42% | 10% |
| 01 Apr 2021 - 30 Sept 2021 | 15 Nov 2021 | 60 | 13% | 35% | 51% | 11% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 60 | 15% | 37% | 48% | 10% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 63 | 12% | 29% | 59% | 13% |
| 01 Oct 2019 - 31 Mar 2020 | 01 May 2020 | 57 | 19% | 43% | 37% | 10% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 50 | 28% | 35% | 37% | 12% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 48 | 19% | 39% | 42% | 37% |
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
The company operates 2 processes: 1. Purchase Order (Mainly Plant & Materials) Payment terms are agreed with suppliers on a case by case basis. The most commonly used terms are 30 days following the end of the month in which the tax point of the supplier invoice falls. The maximum agreed term is 60 days. 2. Sub Contract orders, there are two main types of sub-contracts: a. Agency labour. standard terms vary between 7 days and 90 days from the end of the month in which the tax point of the invoice falls. The maximum term is 90 days. b. Supply & Fix, standard terms and conditions with sub-contractors are agreed at the outset of each contract being placed. The average payment period varies between 30 and 90 days following certification of applications for payment of invoices received from the sub-contractor. The maximum agreed term is 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
Dispute Resolution Process
Queries regarding materials and equipment hire are dealt with by the procurement department for resolution with the supplier through dialogue and emails. Queries regarding sub-contractor orders are dealt with by the surveyor responsible for the contract with the aim of reaching a resolution within the payment terms. If a dispute cannot be resolved, it is passed to the supply chain director for further escalation.
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
GRATTE BROTHERS LIMITED is an active private limited company that operates commercially under its registered name
This organisation is structured to conduct business activities within the UK's legal framework for limited companies
Incorporated on 22 May 1946, the company holds the number 00411138
Its registered office is situated at 2 Regents Wharf, All Saints Street, London, N1 9RL
Private limited companies in the UK are typically formed to conduct business, providing a range of goods or services to clients and customers
These organisations aim to generate revenue and manage liabilities within a defined legal framework
