KUHN FARM MACHINERYUKLIMITED

Company Information

Company Number
00996289
Registered Address
Stafford Park 7, Telford, Shropshire, TF3 3BQ
Status
Active
Employee Count
43.0
Turnover
50955000.0
EBITDA
1584000.0

Additional Details

Company Type
Private limited Company
Incorporated On
7 December 1970
Nature of Business
46610 - Wholesale of agricultural machinery, equipment and supplies
Industries
Environment,Agriculture And Waste,Supply Chain,Manufacturing And Commerce Models
Region
West Midlands

Company Location

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Financial Metrics

Cash
£1,962,400.00
Net Worth
£7,089,580.00
Total Current Assets
£22,090,350.00
Total Current Liabilities
£15,182,815.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
88 days
Shortest Period:7 days
Longest Period:120 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
16%
31-60 Days
5%
After 60 Days
78%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 20200255075100

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 20200255075100

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20248816%5%78%0%
01 Jan 2023 - 30 Jun 202331 Jul 20238518%8%74%1%
01 Jul 2022 - 31 Dec 202227 Jan 20239013%5%82%1%
01 Jan 2022 - 30 Jun 202231 Jul 20228614%10%76%1%
01 Jul 2021 - 31 Dec 202108 Feb 20229511%6%83%1%
01 Jan 2021 - 30 Jun 202106 Aug 20218020%10%70%1%
01 Jul 2020 - 31 Dec 202018 Feb 20218521%8%71%0%

Company Summary

KUHN FARM MACHINERY (U.K.) LIMITED is a leading agricultural machinery manufacturer based in the United Kingdom

The company offers a wide range of innovative and high-quality products and services to its customers, including ploughs, seed drills, fertilizer spreaders, hay and forage equipment, and precision farming technology

One of the key focuses of KUHN FARM MACHINERY is sustainability

The company is committed to reducing its environmental impact and promoting sustainable farming practices

This is reflected in their products, which are designed to increase efficiency and reduce waste, as well as their manufacturing processes that prioritize energy efficiency and waste reduction

The company also has a dedicated sustainability program, which includes initiatives such as reducing water and energy consumption, promoting recycling and waste management, and using eco-friendly materials in their products

KUHN FARM MACHINERY also works closely with farmers to help them adopt sustainable practices and reduce their carbon footprint

The key people at KUHN FARM MACHINERY include the Managing Director, Steve McLean, and the Sales Director, Simon Parker

The company has a strong customer support team and a network of dealers across the country to provide exceptional service to their customers

For more information on KUHN FARM MACHINERY and their products and services, customers can visit their website at www.kuhn.co.uk

The registered office address for the company is KUHN FARM MACHINERY (U.K.) LIMITED, 3030 Solihull Parkway, Birmingham Business Park, Birmingham, B37 7YS

Company Review

Trend Analysis

The average time taken for KUHN FARM MACHINERY(U.K.)LIMITED to pay invoices has fluctuated over the past three years, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has remained relatively consistent, while the percentage of invoices paid between 31 and 60 days has decreased. However, the percentage of invoices paid later than 60 days has increased in the most recent period.

Volatility Analysis

The volatility in KUHN FARM MACHINERY(U.K.)LIMITED's payment behavior can be seen in the changes between periods. The average time taken to pay invoices has varied by 12% between the lowest and highest values, while the percentage of invoices paid within 30 days has fluctuated by 11%. The percentage of invoices paid later than 60 days has shown the most volatility, with a difference of 12% between the lowest and highest values.

Summary Analysis

From July 2020 to December 2023, KUHN FARM MACHINERY(U.K.)LIMITED has shown a slight increase in the average time taken to pay invoices, with a fluctuation of 10%. The company has consistently paid around 80% of their invoices within 30 days, but there has been a decrease in the percentage of invoices paid between 31 and 60 days. The most significant change is the increase in the percentage of invoices paid later than 60 days, with a high of 83% in the most recent period. This is a concerning trend as it indicates a potential delay in payments to suppliers.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Our standard terms for the majority of our UK suppliers is 25 days end of month. Our suppliers in the EU have terms of either 30 days, 60 days or 120 days.

Were there any changes to the standard payment terms in the reporting period?

No

Any other information about payment terms

The company aims to process all supplier payments efficiently and within the timescales agreed within the particular contracts. To facilitate prompt payment, suppliers are required to comply with the Company's invoicing process.

Maximum contractual payment period agreed

120

Dispute Resolution Process

Queries - In the first instance, suppliers should contact the Company's Accounts Payable department. If the Accounts Payable are unable to resolve the dispute within 7 working days, the dispute may be escalated to the Assistant Accountant. If the Assistant Accountant is unable to resolve the dispute within a further 7 working days, the dispute may be escalated to the Financial Controller.

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