PURMO GROUP (UK) LTD

PaymentCheck Score 2024
52Fair
#4290 in UK
#404 in Property
#90 in North East

Company Information

Company Number
00653648
Registered Address
Eastern Avenue, Team Valley Trading Estate, Gateshead, Tyne & Wear, NE11 0PG
Status
Active
Employee Count
387
Turnover
£90,556,000
EBITDA
-£6,121,000

Additional Details

Company Type
Private limited Company
Incorporated On
23 March 1960
Nature of Business
25210 - Manufacture of central heating radiators and boilers
Industries
Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
Region
North East

Time to Pay

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

Payment Timeline

Within 30 Days
23%
31-60 Days
56%
After 60 Days
21%
Not Paid Within Terms6%

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: 2024-07-11
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202430 Jan 20254524%58%18%25%
01 Jan 2024 - 30 Jun 202411 Jul 20244923%56%21%6%
01 Jan 2020 - 30 Jun 202024 Aug 20204726%47%27%50%
01 Jul 2019 - 31 Dec 201928 Jan 20204129%58%13%28%
01 Jan 2019 - 30 Jun 201926 Jul 20194629%52%19%38%
01 Jul 2018 - 31 Dec 201828 Jan 20194622%62%16%28%
01 Jan 2018 - 30 Jun 201831 Jul 20184515%70%15%70%

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

EOM 60

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

The purchaser, who has the relationship with the supplier, would be involved in any dispute

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

PURMO GROUP (UK) LTD is a leading supplier of heating and cooling solutions in the UK. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

Their sustainability program includes measures such as using renewable energy sources, reducing carbon emissions, and promoting energy efficiency in their products. They also have a recycling program in place to minimize waste and promote circular economy.

The company offers a wide range of products and services, including radiators, underfloor heating, and ventilation systems. These products are designed with energy efficiency in mind and are made with sustainable materials.

The key people at PURMO GROUP (UK) LTD include Managing Director, Neil Young, and Sustainability Manager, Jane Smith. They are dedicated to promoting sustainable practices within the company and ensuring that their products meet the highest environmental standards.

For more information on their products and services, interested individuals can visit their website at www.purmo.com. The registered office address of PURMO GROUP (UK) LTD is at 1-7 Station Road, Coleshill, Birmingham, B46 1HT. Customers can also contact them via email at info@purmo.co.uk or by phone at 01827 265 500.

Financial Metrics

Cash
£1,948,000
Net Worth
£2,669,000
Total Current Assets
£40,292,000
Total Current Liabilities
£55,051,000

Company Location