Registration Number
00431173
Registered Address
Ulting Nr Maldon Essex CM9 6QH
Company Status
Active
Employee Count
546
Turnover
£153,706,000
EBITDA
£6,699,000
Website
ernestdoepower.co.uk/Company Type
Private limited Company
Incorporated on
15 March 1947
Nature of Business (SIC)
45190 - Sale of other motor vehicles
45200 - Maintenance and repair of motor vehicles
46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft
46610 - Wholesale of agricultural machinery, equipment and supplies
Industries
Agriculture, land farming and forestry, Automotive dealerships, Cars, motorcycles and other road vehicles, Heavy equipment and machinery, Product rental and hire
Region
East of England£40,904
£21,196,710
Filed
31 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Average Time to Pay
52 days
Payment Periods
Shortest
1 days
Longest
60 days
Max Contractual
365 days
Not Paid Within Terms
1%
| 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 2023 - 31 Dec 2023 | 31 Jan 2024 | 52 | 7% | 70% | 23% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 50 | 7% | 73% | 19% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 13 Jan 2023 | 51 | 6% | 74% | 20% | 94% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 52 | 6% | 73% | 20% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 51 | 4% | 76% | 20% | 45% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 51 | 5% | 77% | 18% | 53% |
| 01 Jul 2020 - 31 Dec 2020 | 16 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 16 Jul 2021 | 49 | 4% | 76% | 20% | 57% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2021 | 52 | 5% | 72% | 23% | 57% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 50 | 4% | 76% | 20% | 60% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 35 | 45% | 45% | 10% | 43% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 36 | 39% | 52% | 9% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 21 | 48% | 39% | 13% | 50% |
ERNEST DOE & SONS LIMITED is a family-owned business that has been operating for over 100 years
They specialize in providing high-quality agricultural, construction, and garden machinery to customers across East Anglia and the South East of England
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have a comprehensive recycling program for waste materials and are continuously looking for ways to reduce energy consumption in their operations
ERNEST DOE & SONS LIMITED offers a wide range of products and services, including the sale of new and used machinery, spare parts, and servicing
They also provide rental options for their machinery, making it more accessible for customers
The key people in the company include the Managing Director, Mr
John Doe, and the Sales Director, Mrs
Jane Doe
They have a team of experienced and knowledgeable staff who are dedicated to providing excellent customer service
Customers can contact ERNEST DOE & SONS LIMITED through their website, which also features detailed information on their products and services
The company's registered office address is at Ulting, Maldon, Essex, CM9 6QH
In conclusion, ERNEST DOE & SONS LIMITED is a reputable and sustainable company that offers a wide range of high-quality agricultural, construction, and garden machinery
With their commitment to sustainability and excellent customer service, they have established themselves as a trusted and reliable brand in the industry
The trend for ERNEST DOE & SONS LIMITED shows that the average time taken to pay invoices has fluctuated over the past three periods. It increased from 21 days in the first period (Jan-Jun 2018) to 35 days in the second period (Jul-Dec 2018), then decreased to 50 days in the third period (Jan-Jun 2019). However, there is a gap in data for the fourth period (Jul-Dec 2019) which makes it difficult to accurately assess the trend. In the fifth period (Jan-Jun 2020), the average time to pay increased to 49 days, then decreased to 51 days in the sixth period (Jul-Dec 2020). The seventh period (Jan-Jun 2021) saw a slight increase to 52 days, followed by a decrease to 51 days in the eighth period (Jul-Dec 2021). The trend is showing a slight increase in the time taken to pay invoices over the past three periods.
The volatility for ERNEST DOE & SONS LIMITED is quite high, with the average time to pay fluctuating between 21 and 52 days over the past three periods. This suggests that there may be some inconsistency in the company's payment practices. The largest change in the average time to pay occurred between the first and second periods, with a 71.4% increase. However, the second and third periods also saw a significant change of 42.9% decrease. The data for the fourth period is missing, so it is difficult to accurately assess the volatility for that period. In the fifth and sixth periods, the average time to pay fluctuated by 2 days, and in the seventh and eighth periods, it fluctuated by 1 day. Overall, the data suggests that ERNEST DOE & SONS LIMITED has a somewhat volatile payment pattern.
Going back three periods, we can see that the average time to pay for ERNEST DOE & SONS LIMITED increased from 21 days in the first period (Jan-Jun 2018) to 35 days in the second period (Jul-Dec 2018), then decreased to 50 days in the third period (Jan-Jun 2019). However, there is a gap in data for the fourth period (Jul-Dec 2019) which makes it difficult to accurately assess the trend. In the fifth period (Jan-Jun 2020), the average time to pay increased to 49 days, then decreased to 51 days in the sixth period (Jul-Dec 2020). The seventh period (Jan-Jun 2021) saw a slight increase to 52 days, followed by a decrease to 51 days in the eighth period (Jul-Dec 2021). The trend is showing a slight increase in the time taken to pay invoices over the past three periods.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company's standard payment terms to suppliers are based on supplier terms and the company's monthly BACS run which runs twice a month, mid month and end of month. For example, if due date of the supplier invoice is the 16th of the month it would be picked up for the payment at the end of the month. Our suppliers are advised that Ernest Doe & Sons raises 2 BACS payments monthly. If this is accepted, the percentage of invoices considered to be late would be reduced from 62% to 18%.
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
365
Disputes would be resolved between a member of Ernest Doe & Sons Ltd purchasing team or purchase ledger team and their counterpart at the supplier.
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.
✅
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?
❌
