PRYSMIAN CABLES & SYSTEMS LIMITED
Company Information
- Company Number
- 00958507
- Registered Address
- Chickenhall Lane, Eastleigh, Hampshire, SO50 6YU
- Status
- Active
- Employee Count
- 1,004
- Turnover
- £442,662,000
- EBITDA
- £18,586,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 July 1969
- Nature of Business
- 27320 - Manufacture of other electronic and electric wires and cables
- Industries
- Hardware
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 16 Apr 2024 | 60 | 20% | 30% | 50% | 21% |
| 01 Jul 2022 - 31 Dec 2022 | 08 Aug 2023 | 61 | 20% | 28% | 52% | 23% |
| 01 Jan 2022 - 30 Jun 2022 | 08 Aug 2023 | 67 | 14% | 28% | 58% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 08 Aug 2023 | 70 | 17% | 26% | 57% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 08 Aug 2023 | 65 | 20% | 25% | 55% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Aug 2023 | 68 | 16% | 26% | 58% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 08 Aug 2023 | 68 | 17% | 25% | 58% | 34% |
| 01 Jul 2019 - 31 Dec 2019 | 02 Aug 2023 | 81 | 8% | 22% | 70% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Oct 2019 | 78 | 7% | 25% | 69% | 63% |
| 01 Jul 2018 - 31 Dec 2018 | 16 Oct 2019 | 78 | 7% | 24% | 69% | 95% |
| 01 Jan 2018 - 30 Jun 2018 | 03 Aug 2018 | 78 | 6% | 23% | 70% | 62% |
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
60 days plus 6 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
120
Dispute Resolution Process
Disputes are directed to the Accounts payables shared service centre. The shared service centre will assign to the UK Focal point who will direct the dispute to the appropriate person in the business, the requisitioner or the procurement manager. If the matter cannot be resolved further escalation can be made to the Procurement Director. Where an invoice is subject to a dispute or query, the full invoice will be held in dispute until an agreement is reached between both parties. A credit note must be raised by the supplier immediately upon a dispute being upheld. Payment of the invoice will be made once the credit note has been received and validated.
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
PRYSMIAN CABLES & SYSTEMS LIMITED is a leading global company in the production of cables and systems for the energy and telecommunications industries. The company is committed to sustainability and has a strong focus on environmental, social, and economic responsibility.
Their sustainability program includes initiatives to reduce their carbon footprint, increase energy efficiency, and promote sustainable sourcing and production methods. They also prioritize the health and safety of their employees and the communities in which they operate.
The company offers a wide range of products and services, including power and control cables, optical fibers and cables, and accessories for the energy and telecommunications sectors. They provide solutions for various industries such as oil and gas, renewable energy, construction, and transportation.
PRYSMIAN CABLES & SYSTEMS LIMITED is led by a team of experienced and highly skilled individuals, including the CEO Valerio Battista. The company has a global presence with operations in over 50 countries and employs more than 29,000 people.
The company's website (www.prysmian.com) provides detailed information about their products and services, as well as their sustainability efforts. Their registered office address is at 91-101 New London Road, Chelmsford, Essex CM2 0PP, United Kingdom. Overall, PRYSMIAN CABLES & SYSTEMS LIMITED is a reputable and innovative company that is dedicated to sustainability and providing high-quality products and services to their customers.
