JUNGHEINRICH UK LIMITED

PaymentCheck Score 2023
81Good
16.3vs last year
#1758 in UK
#46 in Supply Chain
#286 in South East

Company Information

Company Number
00757192
Registered Address
Sherbourne House, Sherbourne Drive Tilbrook, Milton Keynes, Buckinghamshire, MK7 8HX
Status
Active
Employee Count
761
Turnover
£229,853,000
EBITDA
£29,702,000

Additional Details

Company Type
Private limited Company
Incorporated On
10 April 1963
Nature of Business
28220 - Manufacture of lifting and handling equipment
Industries
Supply Chain,Manufacturing And Commerce Models
Region
South East

Time to Pay

Average Time to Pay
35 days
Shortest Period:7 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
74%
31-60 Days
25%
After 60 Days
1%
Not Paid Within Terms1%

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: 2024-01-25
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202325 Jan 20243574%25%1%1%
01 Jul 2022 - 31 Dec 202225 Jan 20234045%54%1%2%
01 Jan 2022 - 30 Jun 202228 Jul 20224542%57%1%5%
01 Jul 2021 - 31 Dec 202121 Jan 20224045%54%1%3%
01 Jan 2021 - 30 Jun 202126 Jul 20214180%19%1%1%
01 Jul 2020 - 31 Dec 202022 Jan 20214659%40%1%1%
01 Jan 2020 - 30 Jun 202027 Jul 20204679%20%1%1%
01 Jan 2019 - 30 Jun 201916 Jul 20194866%34%0%2%
01 Jan 2018 - 30 Jun 201830 Jul 2018439%67%25%88%

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

Jungheinrich UK Limited standard payment terms are 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

Jungheinrich UK Limited has a dedicated accounts payable helpdesk that offers vendors support through query resolution & payment information. The accounts payable team can be contacted by email or by telephone Monday to Friday between the hours of 08:30 to 17:00, were they will endeavor to answer all incoming telephone queries immediately. Contact by email is acknowledged within a maximum of two working days for all vendor queries raised. However in the first instant, vendors are advised to go back to the original requester (buyer), so that they can resolve any non finance queries. Jungheinrich UK offers an Electronic Data Interface for all invoices to be submitted, this method of delivery is the preferred option. All invoices submitted must be in accordance to Jungheinrich UK general terms of purchase, which is provided as per the official purchase order for all goods and services requested

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

JUNGHEINRICH UK LIMITED is a leading provider of material handling equipment, services, and solutions in the United Kingdom. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

The company offers a wide range of products and services, including forklift trucks, automated systems, and warehouse management software. They also provide maintenance and repair services to ensure the efficiency and longevity of their equipment.

JUNGHEINRICH UK LIMITED has a dedicated sustainability program, which includes reducing carbon emissions, promoting energy efficiency, and recycling waste materials. They also prioritize the use of sustainable materials in their products and work towards reducing their overall carbon footprint.

Some key people in the company include the Managing Director, Jan Lorenz, and the Head of Sustainability, Sarah Bagnall. They work closely with a team of professionals to drive the company's sustainability efforts.

The company's website, www.jungheinrich.co.uk, provides information on their products and services, as well as their sustainability program. Customers can also contact them through their registered office address at Jungheinrich UK Ltd., Jungheinrich House, Drakes Drive, Crewe, CW1 6XQ.

In summary, JUNGHEINRICH UK LIMITED is a reputable company in the material handling industry, known for its commitment to sustainability. With a wide range of products and services and a dedicated team, they continue to provide innovative solutions while reducing their environmental impact.

Financial Metrics

Cash
£10,271,000
Net Worth
£63,193,000
Total Current Assets
£143,021,000
Total Current Liabilities
£93,660,000

Company Location