PRINCESS YACHTS LIMITED
Company Information
- Company Number
- 00856633
- Registered Address
- Newport Street, Stonehouse, Plymouth, Devon, PL1 3QG
- Status
- Active
- Employee Count
- 3165.0
- Turnover
- 315164000.0
- EBITDA
- -35132000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 August 1965
- Nature of Business
- 30120 - Building of pleasure and sporting boats
- Industries
- Travel And Transportation
- Region
- South West
Company Location
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 | 30 Jan 2024 | 54 | 17% | 37% | 46% | 79% |
| 01 Jan 2023 - 30 Jun 2023 | 03 Aug 2023 | 65 | 14% | 29% | 57% | 82% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 66 | 13% | 27% | 60% | 69% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Aug 2022 | 58 | 15% | 34% | 52% | 77% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 64 | 12% | 28% | 60% | 73% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 60 | 13% | 32% | 55% | 78% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jul 2021 | 57 | 18% | 32% | 50% | 75% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2021 | 74 | 13% | 25% | 62% | 80% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 62 | 12% | 33% | 55% | 83% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 60 | 17% | 31% | 52% | 88% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Feb 2019 | 40 | 38% | 36% | 26% | 57% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 44 | 33% | 32% | 35% | 56% |
Company Summary
Princess Yachts Limited is a luxury yacht manufacturer founded in 1965 and based in Plymouth, United Kingdom
The company is dedicated to creating high-quality, innovative yachts that pride themselves on exceptional craftsmanship and design
As a company, Princess Yachts Limited is committed to sustainability and reducing their environmental impact
They have implemented various initiatives, such as using sustainable materials in their construction, reducing energy consumption, and promoting eco-friendly practices throughout their operations
Their product line includes a range of motor yachts, ranging from 35 to 130 feet, which are designed and built to the highest standards
These yachts are known for their luxurious interiors, advanced technology, and superior performance
Princess Yachts Limited has a team of experienced and skilled professionals, including designers, engineers, and craftsmen, who work together to create these exceptional yachts
The company also has a strong network of dealers and distributors worldwide, making their products available globally
For more information on Princess Yachts Limited and their products and services, their website is www.princessyachts.com
Their registered office address is Newport Street, Plymouth, Devon, PL1 3QG, United Kingdom
With their commitment to sustainability and dedication to producing top-quality yachts, Princess Yachts Limited continues to be a leading brand in the luxury yacht industry
Company Review
Trend Analysis
The average time taken for PRINCESS YACHTS LIMITED to pay invoices to suppliers has been steadily increasing over the past six periods, with a significant spike in the fifth period (2020-01-01 to 2020-06-30). The percentage of invoices paid within 30 days has also been decreasing, while the percentage of invoices paid later than 60 days has been increasing. This suggests that the company is taking longer to pay invoices and is struggling to meet payment deadlines.
Volatility Analysis
The volatility of PRINCESS YACHTS LIMITED's payment behavior can be seen in the fluctuations of the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. These percentages vary significantly from period to period, indicating that the company's payment practices are not consistent.
Summary Analysis
In the past three periods, PRINCESS YACHTS LIMITED has shown a slight improvement in their payment behavior. The average time taken to pay invoices has decreased from 66 days in the first period (2021-01-01 to 2021-06-30) to 64 days in the third period (2022-01-01 to 2022-06-30). The percentage of invoices paid within 30 days has also increased from 12% in the first period to 15% in the third period. However, the company still struggles to meet payment deadlines, with 60% of invoices being paid later than 60 days in all three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Princess Yachts standard payment terms are 60 days, however terms may vary in accordance with individual supplier support requirements.
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
Payment disputes are reported to the Purchasing Department. The Purchasing Department will work with the Supplier to resolve the dispute. Ultimately the dispute can be further escalated to the Purchasing Director.
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