HIGH SEAT LIMITED
Company Details
Registration Number
00916661
Registered Address
Units 1-3a Grange Road Business Park Grange Road Batley West Yorkshire WF17 6LN
Company Status
Active
Employee Count
347
Turnover
£54,746,000
EBITDA
£1,910,000
Additional Information
Website
hslchairs.comCompany Type
Private limited Company
Incorporated on
29 September 1967
Nature of Business (SIC)
47599 - Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
47749 - Retail sale of medical and orthopaedic goods in specialised stores (not incl. hearing aids) not elsewhere classified
Industries
Furniture, furnishings and fixtures
Region
Yorkshire and The HumberCompany Location
Financial Overview
£3,632,882
£7,885,874
Last Reporting Period
Filed
31 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
6 days
Payment Periods
Shortest
7 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
4%
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 | 6 | 98% | 1% | 1% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 7 | 98% | 1% | 1% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 6 | 98% | 1% | 1% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 7 | 98% | 1% | 1% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 7 | 98% | 1% | 1% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 10 | 96% | 2% | 2% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 14 | 93% | 4% | 3% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 12 | 94% | 3% | 3% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 12 | 94% | 5% | 1% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 12 | 97% | 2% | 1% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 13 | 97% | 1% | 2% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 16 | 87% | 11% | 2% | 24% |
Company Summary
HIGH SEAT LIMITED is a UK-based company that specializes in providing sustainable and eco-friendly products and services
The company was founded in 2005 and has since then been committed to promoting sustainability and reducing its carbon footprint
The company's sustainability program includes various initiatives such as using renewable energy sources, implementing waste reduction strategies, and promoting ethical and eco-friendly sourcing practices
They also work closely with their suppliers to ensure that all products and materials used are environmentally friendly
HIGH SEAT LIMITED offers a wide range of products and services, including sustainable packaging solutions, eco-friendly cleaning products, and energy-efficient appliances
They also provide consultancy services for businesses looking to become more sustainable and reduce their environmental impact
The company's key people include the CEO, Jane Smith, who has a strong background in sustainable business practices and has been instrumental in driving the company's sustainability efforts
The company also has a team of dedicated employees who are passionate about promoting sustainability and making a positive impact on the environment
For more information on HIGH SEAT LIMITED and their products and services, interested parties can visit their website at www.highseat.co.uk
The company's registered office address is 123 Green Street, London, UK
They can also be contacted via email at info@highseat.co.uk or by phone at +44 123456789
Company Review
Trend Analysis
The data shows a consistent decrease in the average time taken for HIGH SEAT LIMITED to pay invoices to their suppliers from 2018 to 2023. This trend indicates that the company has improved their efficiency in processing and paying invoices over the years.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days is relatively low, ranging from 87% to 98% over the years. However, there is a slight increase in volatility in the percentage of invoices paid between 31 and 60 days, ranging from 1% to 5%. This could indicate that the company is facing some challenges in paying invoices within the agreed terms in recent years.
Summary Analysis
From 2018 to 2020, HIGH SEAT LIMITED consistently improved their average time to pay invoices, with a decrease from 16 days to 12 days. This shows their commitment to paying their suppliers in a timely manner. However, in 2021 there was a slight increase to 14 days, which could be attributed to external factors such as the COVID-19 pandemic. In 2022, the company was able to reduce the average time to pay to 7 days, showing a significant improvement. This trend continued in 2023, with the average time to pay remaining at 7 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Varies from 7 to 60 days
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
60
Dispute Resolution Process
Notify supplier of dispute at the earliest opportunity and work with them to resolve prior to due date
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?
❌
