CPM GROUP LIMITED
Company Information
- Company Number
- 01005164
- Registered Address
- Landscape House Premier Way, Lowfields Business Park, Elland, England, HX5 9HT
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- £0
Additional Details
- Website
- https://redirock.net/
- Company Type
- Private limited Company
- Incorporated On
- 18 March 1971
- Nature of Business
- 23610 - Manufacture of concrete products for construction purposes
- Industries
- Raw Materials And Intermediate Goods
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for CPM GROUP LIMITED to pay invoices increased from 76 days in Jan 2018 to 79 days in Jun 2018.
Volatility Analysis
The average time taken for CPM GROUP LIMITED to pay invoices showed a slight increase of 3 days from Jan 2018 to Jun 2018.
Summary Analysis
From Jan 2018 to Jun 2018, there was a slight increase in the average time taken for CPM GROUP LIMITED to pay invoices. The percentage of invoices paid within 30 days decreased, while the percentage of invoices paid later than 60 days and not paid within agreed terms increased. The percentage of invoices paid between 31 and 60 days remained the same. The shortest (or only) standard payment period stayed consistent at 7 days.
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 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 76 | 4% | 25% | 71% | 82% |
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
The company shall pay correctly submitted invoices within 30 days of the end of the month in which the relevant invoice was dated.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
This will be the first and only submission for CPM Group Ltd, following the acquisition by Marshalls and subsequent hiving up of the trade to Marshalls Mono Ltd on 30th June 2018. The data represents the continuing payment practice from the period pre-acquisition and suppliers should note that, once integration into Marshalls has been completed, a general improvement in settlement times.
Maximum contractual payment period agreed
60
Dispute Resolution Process
If invoices do not match to purchase order details then the invoice will be marked as in dispute by the accounts payable team and flagged to the relevant purchase administrator. The originator of the purchase order at site will work with the supplier to resolve the dispute. The accounts payable team will raise credit notes, if required, in resolving the dispute.
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.
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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.
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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.
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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?
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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
CPM Group Limited is a leading manufacturer and supplier of precast concrete products in the UK. The company was founded in 2003 and has since then established itself as a pioneer in the industry, providing high-quality and sustainable solutions for construction projects.
One of the core values of CPM Group Limited is sustainability, and the company has implemented various initiatives to reduce its environmental impact. This includes sourcing recycled materials, using renewable energy sources, and promoting responsible waste management practices.
The company's products and services include a wide range of precast concrete solutions such as drainage systems, retaining walls, and bespoke products for infrastructure and building projects. These products are designed and manufactured to meet the highest quality standards, ensuring durability and efficiency in construction projects.
CPM Group Limited is led by a team of experienced and dedicated professionals, including Managing Director Guy Thompson and Commercial Director John Moody. Their expertise and strategic leadership have contributed to the company's success and growth over the years.
For more information on CPM Group Limited, their sustainability program, and their products and services, interested parties can visit their website at www.cpm-group.com. The company's registered office address is CPM Group Limited, Marshalls CPM, Shawcross Business Park, Ackworth Road, Hilsea, Portsmouth, PO3 5JT. With a commitment to sustainability and a reputation for excellence, CPM Group Limited continues to be a trusted and reliable partner for construction projects in the UK.
