DAMARTEX UK LIMITED
Company Information
- Company Number
- 00852773
- Registered Address
- Bowling Green Mills, Lime Street, Bingley, West Yorkshire, BD97 1AD
- Status
- Active
- Employee Count
- 602.0
- Turnover
- 84772000.0
- EBITDA
- -1053000.0
Additional Details
- Website
- https://damart.com/
- Company Type
- Private limited Company
- Incorporated On
- 28 June 1965
- Nature of Business
- 47910 - Retail sale via mail order houses or via Internet
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Company Location
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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 | 52 | 22% | 56% | 22% | 66% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 43 | 31% | 50% | 19% | 50% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 53 | 36% | 42% | 22% | 46% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 50 | 33% | 45% | 22% | 42% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 47 | 32% | 48% | 20% | 38% |
| 01 Jan 2021 - 30 Jun 2021 | 31 Jul 2021 | 46 | 39% | 43% | 18% | 26% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 44 | 35% | 52% | 13% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 42 | 35% | 53% | 12% | 29% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 42 | 44% | 45% | 11% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 43 | 42% | 47% | 11% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 39 | 46% | 44% | 10% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 49 | 42% | 43% | 15% | 26% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 46 | 33% | 50% | 17% | 32% |
Company Summary
DAMARTEX UK LIMITED is a leading company in the UK, specializing in the design, production, and distribution of high-quality clothing and textile products
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program includes a focus on responsible sourcing of materials, reducing energy consumption, and implementing waste management practices
They also support local communities through various charitable activities
DAMARTEX UK LIMITED offers a wide range of products, including apparel, home textiles, and accessories, under various brands such as Damart, Damart Sport, and Jours Heureux
Their products are known for their quality, comfort, and style, and are available online and in retail stores across the country
The key people at DAMARTEX UK LIMITED include CEO Stephen Hughes and Managing Director Simon Moulton, who have a wealth of experience in the fashion and textile industry
They are dedicated to driving the company's growth and maintaining its position as a leader in the market
The company's website, www.damart.co.uk, provides customers with easy access to their products and services, as well as information on their sustainability efforts
The registered office address is Damartex UK Ltd, Bowling Green Mills, Lime Street, Bingley, West Yorkshire, BD97 1AD
In summary, DAMARTEX UK LIMITED is a reputable company in the UK, known for its sustainable practices, high-quality products, and experienced leadership
With a strong focus on sustainability and community support, the company continues to thrive in the fashion and textile industry
Company Review
Trend Analysis
The data for DAMARTEX UK LIMITED shows a fluctuating trend in the average time taken to pay invoices over the past three periods. From 2017 to 2021, there was a slight decrease in the average time taken to pay invoices. However, in 2022 and 2023, there was a significant increase in the average time taken to pay invoices.
Volatility Analysis
The data also shows volatility in the company's payment patterns. In 2017 and 2018, there was a significant percentage of invoices paid later than 60 days, which decreased in 2019 and 2020 but increased again in 2021 and 2022. This suggests that the company's payment habits are not consistent and can change drastically from period to period.
Summary Analysis
The data for DAMARTEX UK LIMITED over the past three periods (2021-2023) shows a slight increase in the average time taken to pay invoices, from 46 days in 2021 to 52 days in 2023. This increase can be attributed to a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. In 2023, over 50% of the invoices were paid later than 60 days, which is the worst period in terms of timely payments.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days net monthly meaning add 30 days to the invoice date and pay at the end of that calendar month.
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
90
Dispute Resolution Process
All invoices are received first into the Finance Department and recorded on our purchase ledger system. The invoices are sent to the originating purchasing manager for approval in accordance with our Limits of Authority mandate. Any disputes are settled between the supplier and the originating purchasing manager.
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.
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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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
