CROMWELL TOOLS LIMITED
Company Information
- Company Number
- 00986161
- Registered Address
- 65 Chartwell Drive, Wigston, Leicester, United Kingdom, LE18 2FS
- Status
- Active
- Employee Count
- 15
- Turnover
- £238,221,000
- EBITDA
- £1,270,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 5 August 1970
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- Raw Materials And Intermediate Goods
- Region
- East Midlands
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 2024 - 31 Dec 2024 | 01 Feb 2025 | 65 | 4% | 34% | 62% | 9% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 64 | 6% | 35% | 59% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 64 | 7% | 33% | 60% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 12 Jan 2022 | 65 | 7% | 32% | 61% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jan 2022 | 66 | 5% | 31% | 64% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Jan 2022 | 66 | 8% | 32% | 60% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 61 | 9% | 37% | 54% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 63 | 7% | 35% | 58% | 13% |
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 EOM
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 Process
Queries are created on internal software and accessed by the internal source via web portal for resolve/escalation to the vendor Reports of outstanding queries are reviewed and chased/escalated by AP team for unresolved queries Central helpdesk and phones lines in place for vendors to contact with inquiries/payment issues/requests
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
Cromwell Tools Limited is a leading supplier of industrial tools, equipment, and supplies in the United Kingdom. The company was founded in 1970 and has since grown to become one of the largest and most trusted brands in the industry.
The company's sustainability program is aimed at reducing their environmental impact and promoting sustainable practices throughout their operations. This includes initiatives such as recycling, energy-efficient processes, and responsible sourcing of materials.
Cromwell Tools offers a wide range of products and services to cater to the needs of their customers. They have a comprehensive catalogue of over 50,000 products, including hand tools, power tools, cutting tools, abrasives, and safety equipment. The company also provides value-added services such as tool repair and calibration, on-site inventory management, and technical support.
The key people behind Cromwell Tools' success include CEO Simon Jenkins, who has over 20 years of experience in the industry, and Chairman James Collins, who has been with the company since its inception. The company's dedicated team of employees is committed to delivering high-quality products and exceptional customer service.
Customers can easily access Cromwell Tools' products and services through their user-friendly website, which also features an online ordering system. The company's registered office is located at Wulfrun Trading Estate, Stafford Road, Wolverhampton, West Midlands, WV10 6HH. Customers can also contact them via phone at 01902 388 100 or email at info@cromwell.co.uk.
In conclusion, Cromwell Tools Limited is a reputable and sustainable company that offers a wide range of high-quality products and services to their customers. With their commitment to sustainability and a dedicated team of professionals, they continue to be a top choice for industrial tools and supplies in the UK.
