The average time taken for EUROTHERM LIMITED to pay invoices has decreased significantly in the most recent period, going from 108 days in the first half of 2020 to only 38 days in the second half. This shows a trend towards faster payment, which is a positive change for the company.
The company's payment behavior has been quite volatile, with a large difference of 71 days between the shortest and longest standard payment periods. However, in the most recent period, this volatility has decreased significantly to only 2 days, indicating a more consistent payment pattern.
| 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 2024 - 31 Dec 2024 | 09 Jun 2025 | 33 | 62% | 31% | 7% | 30% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jan 2025 | 29 | 70% | 29% | 1% | 29% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 38 | 37% | 60% | 3% | 62% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 108 | 11% | 41% | 48% | 88% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 67 | 13% | 58% | 29% | 70% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days. 30 day terms are agreed with suppliers where appropriate.
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 depends on the type of dispute, quantity/price differences. Disputes are resolved by finance with purchasing and the supplier depending on who needs to be involved.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Eurotherm Limited is registered at Worthing, West Sussex, and manufactures and supplies industrial automation equipment, including temperature and process controllers, recorders and data acquisition systems, power controllers, heaters, sensors and related software. It supports sectors such as heat treatment, glass manufacturing, life sciences, food and beverage, pulp and paper, and semiconductor manufacturing, and offers services including calibration, commissioning, training, preventative maintenance, warehouse mapping and industrial cybersecurity. Its own site states it is now a Watlow brand, indicating the Eurotherm business now trades as part of Watlow, though this registered company remains the UK legal entity behind the operations and terms of sale referenced on the site.
Generated from the company's website and Companies House records. Sources: eurotherm.com · eurotherm.com