REXEL UK LIMITED
Company Information
- Company Number
- 00434724
- Registered Address
- Ground Floor, Eagle Court 2 Hatchford Brook, Hatchford Way, Sheldon, Birmingham, England, B26 3RZ
- Status
- Active
- Employee Count
- 2455.0
- Turnover
- 688669000.0
- EBITDA
- 30330000.0
Additional Details
- Website
- https://neweyandeyre.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 8 May 1947
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- 0
- Region
- West Midlands
Company Location
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 81 | 4% | 28% | 68% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Sept 2023 | 79 | 3% | 31% | 66% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 21 Mar 2023 | 81 | 4% | 28% | 68% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 80 | 4% | 28% | 68% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 08 Feb 2022 | 77 | 4% | 33% | 63% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 13 Oct 2021 | 80 | 3% | 31% | 66% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 10 Feb 2021 | 82 | 3% | 29% | 68% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 86 | 3% | 28% | 69% | 6% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 83 | 4% | 30% | 66% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 83 | 3% | 29% | 68% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 81 | 3% | 30% | 67% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 73 | 5% | 38% | 57% | 6% |
Company Summary
REXEL UK LIMITED is a subsidiary of the global electrical distribution company, REXEL Group
The company operates in the United Kingdom and is headquartered in Manchester
REXEL UK LIMITED offers a wide range of electrical products and services to its customers
They specialize in the distribution of electrical supplies, lighting, automation and control, cable management, and renewable energy solutions
Their products and services cater to various industries such as construction, industrial, commercial, and residential sectors
The company has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact
REXEL UK LIMITED has a dedicated sustainability program called "Green Solutions" which aims to promote energy-efficient products and solutions to their customers
They also have a recycling program in place for their packaging materials and work closely with suppliers to ensure sustainable sourcing of products
The key people at REXEL UK LIMITED include Rodney Jack, the Managing Director, and Brian Smith, the Finance Director
Together, they lead a team of over 2000 employees across the UK
Customers can easily contact REXEL UK LIMITED through their website, which provides information on their products and services, as well as a contact form for inquiries
The registered office address for the company is Rexel House, Altham Business Park, Accrington, Lancashire, BB5 5YE
In conclusion, REXEL UK LIMITED is a leading electrical distribution company in the UK, offering a wide range of sustainable products and services to their customers
With a strong commitment to sustainability and a dedicated team of professionals, the company continues to thrive in the competitive market
Company Review
Trend Analysis
In the past three periods, REXEL UK LIMITED has shown a consistent trend of paying invoices later than 60 days. The average time to pay has also increased from 73 days in the first period to 81 days in the second period, before slightly decreasing to 79 days in the third period. However, there has been some improvement in the percentage of invoices paid within 30 days, which has increased from 3% to 4% in the third period.
Volatility Analysis
In terms of volatility, there has not been much change in the percentage of invoices paid within 30 days, which has remained steady at 3-4% throughout all periods. However, there has been some volatility in the percentage of invoices paid later than 60 days, with a high of 8% in the second period and a low of 5% in the third period.
Summary Analysis
From 2018 to 2023, REXEL UK LIMITED has shown a consistent trend of paying invoices later than 60 days, with an average time to pay of 79-83 days. There has been some improvement in the percentage of invoices paid within 30 days, but there has also been volatility in the percentage of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
For trade accounts our standard payment terms are 63 days end of month. For non-trade accounts there are no standard payment terms as these are agreed on a per supplier basis.
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
123
Dispute Resolution Process
For non-payment queries, suppliers are asked to email the apnt@rexel.co.uk. In the case of short payments, a debit note will be issued with an error code giving a description of the invoice query. The debit note will include a contact person and the Supplier should direct any queries to this person.
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
