BANHAM PATENT LOCKS LIMITED

PaymentCheck Score 2025
76Good
2.7vs last year
#2019 in UK
#11 in Safety And Security
#863 in London

Company Information

Company Number
00457812
Registered Address
20 Thornsett Road, London, SW18 4EF
Status
Active
Employee Count
394
Turnover
£40,415,000
EBITDA
£4,817,000

Additional Details

Company Type
Private limited Company
Incorporated On
12 August 1948
Nature of Business
74909 - Other professional, scientific and technical activities not elsewhere classified
Industries
Safety And Security
Region
London

Time to Pay

Average Time to Pay
33 days
Shortest Period:0 days
Longest Period:103 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
68%
31-60 Days
24%
After 60 Days
8%
Not Paid Within Terms15%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-07-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202531 Jul 20253368%24%8%15%
01 Jan 2024 - 30 Jun 202430 Jul 20243564%28%7%17%
01 Jan 2023 - 30 Jun 202301 Aug 20233362%30%8%17%
01 Jan 2022 - 30 Jun 202209 Nov 20224840%46%14%45%
01 Jul 2021 - 31 Dec 202109 Nov 20224838%43%19%50%
01 Jan 2021 - 30 Jun 202109 Nov 20225430%52%18%65%
01 Jul 2020 - 31 Dec 202009 Nov 20224521%60%19%83%

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

60 days from invoice date

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

Suppliers are encouraged to contact the Accounts Payable Team to discuss any queries. If further discussion is required the Procurement Department and Authorising Manager will be responsible for resolution. Should resolution not be reached, legal mediation may be required.

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

BANHAM PATENT LOCKS LIMITED is a British company that specializes in the manufacture and distribution of high-quality locks and security systems. The company was founded in 1926 and is headquartered in London, with a registered office address at 20 Thornsett Road, London, SE13 6RW.

The company has a strong focus on sustainability and has implemented various initiatives to reduce their environmental impact. They have a recycling program in place for their packaging materials, and they use eco-friendly materials in their products whenever possible. BANHAM PATENT LOCKS LIMITED also encourages their employees to adopt sustainable practices in their daily work.

BANHAM PATENT LOCKS LIMITED offers a wide range of products and services to meet the security needs of both residential and commercial clients. Their product line includes traditional and modern locks, security doors, safes, and access control systems. They also provide installation, maintenance, and repair services for their products.

The company has a team of experienced and skilled professionals leading their operations. The key people in the company include the Managing Director, Mr. Charles Banham, and the Commercial Director, Ms. Jenny Banham, who are both descendants of the company's founder. They are committed to upholding the company's values of quality, reliability, and customer satisfaction.

BANHAM PATENT LOCKS LIMITED is dedicated to providing top-notch security solutions to its customers. They have a strong online presence with a user-friendly website that allows customers to browse and purchase their products and services easily. Customers can also contact the company via phone or email for any inquiries or assistance.

In conclusion, BANHAM PATENT LOCKS LIMITED is a reputable company in the security industry with a strong commitment to sustainability. Their high-quality products, experienced leadership, and customer-centric approach make them a trusted choice for all security needs.

Financial Metrics

Cash
£12,710,315
Net Worth
£26,749,341
Total Current Assets
£33,952,980
Total Current Liabilities
£16,846,777

Company Location