MAKITA INTERNATIONAL EUROPE LIMITED
Company Information
- Company Number
- 01086698
- Registered Address
- 10 Fleet Place, London, EC4M 7QS
- Status
- Dissolved
- Employee Count
- 178
- Turnover
- £224,162,000
- EBITDA
- £19,840,000
Additional Details
- Website
- https://makitauk.com
- Company Type
- Private limited Company
- Incorporated On
- 13 December 1972
- Nature of Business
- 46690 - Wholesale of other machinery and equipment
- Industries
- Manufacturing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 Apr 2019 - 30 Sept 2019 | 18 Feb 2020 | 33 | 59% | 26% | 15% | 0% |
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 supplier's standard payment terms are used regularly. These are 30 days for locally provided goods and services and 60 days for imported goods.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
For some suppliers there are many invoices throughout the month and to prevent payments being made on every day of the month the invoices are bundled for a payment to be made on at least two dates per month spread evenly across the month. This may mean some invoices are paid earlier than the contractual date and some invoices paid later than the contractual date.
Maximum contractual payment period agreed
60
Dispute Resolution Process
If there is a dispute about an invoice then either our Accounts Payable staff or the contract originator will contact the supplier for an explanation and then if applicable the supplier will raise a credit note or provide another method of resolution so that the invoice can be paid. The most common reason for a delay in payment is when an invoice has not been received by the supplier. Once we know this and have received the invoice it will be paid by being included in the next payment run.
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
MAKITA INTERNATIONAL EUROPE LIMITED is a leading manufacturer and distributor of power tools and accessories in Europe. They are part of the global MAKITA Corporation, which was founded in Japan in 1915.
The company's sustainability program is focused on reducing their environmental impact and promoting sustainable practices. They have implemented eco-friendly production processes, use renewable resources in their products, and have a recycling scheme for their batteries.
MAKITA offers a wide range of products, including cordless and corded power tools, outdoor power equipment, and accessories. Their products are known for their high quality, durability, and innovation, catering to both professional and DIY users.
Some key people at MAKITA INTERNATIONAL EUROPE LIMITED include the Managing Director, David Mears, and the Sales Director, Rob Hunt. They have a team of dedicated professionals who are committed to providing excellent customer service and promoting the company's values of innovation, quality, and sustainability.
The company's website address is www.makitauk.com, where customers can browse their products, download manuals and safety data sheets, and find information about their sustainability program. Their registered office address is Michigan Drive, Tongwell, Milton Keynes, MK15 8JD, United Kingdom.
In summary, MAKITA INTERNATIONAL EUROPE LIMITED is a reputable and environmentally conscious company that offers high-quality and innovative power tools and accessories. With a strong focus on sustainability and a dedicated team of professionals, they continue to be a leading brand in the European market.
