CROMWELL TOOLS LIMITED
Company Information
- Company Number
- 00986161
- Registered Address
- 65 Chartwell Drive, Wigston, Leicester, United Kingdom, LE18 2FS
- Status
- Active
- Employee Count
- 16.0
- Turnover
- 196520000.0
- EBITDA
- -1558000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 5 August 1970
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- 0
- Region
- East Midlands
Company Location
Loading map...
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 | 31 Jan 2024 | 64 | 6% | 35% | 59% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 64 | 7% | 33% | 60% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 64 | 8% | 33% | 59% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 65 | 6% | 32% | 62% | 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 2020 - 30 Jun 2020 | 20 Nov 2020 | 67 | 8% | 31% | 60% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Nov 2020 | 65 | 9% | 31% | 60% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 61 | 9% | 37% | 54% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 62 | 7% | 35% | 58% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 63 | 7% | 35% | 58% | 13% |
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
Company Review
Trend Analysis
The average time for CROMWELL TOOLS LIMITED to pay invoices to suppliers has remained relatively stable over the past three periods, with a slight increase from 63 days in the first period to 65 days in the most recent period.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated between 5% and 9% over the past three periods, with the most recent period showing a decrease to 5%. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a decrease from 37% to 33% in the most recent period. The percentage of invoices paid later than 60 days has remained consistently high at around 60%, with a peak of 64% in the most recent period.
Summary Analysis
In the past three periods, CROMWELL TOOLS LIMITED has seen a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. However, there has been a slight improvement in the percentage of invoices paid between 31 and 60 days. The company has also maintained a stable average time to pay of around 65 days.
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
Any other information about payment terms
N/A
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
