HERMAN MILLER LIMITED

Company Information

Company Number
01097772
Registered Address
1 Portal Road, Bowerhill, Melksham, England, SN12 6GN
Status
Active
Employee Count
446
Turnover
£110,971,000
EBITDA
£2,066,000

Additional Details

Company Type
Private limited Company
Incorporated On
22 February 1973
Nature of Business
25990 - Manufacture of other fabricated metal products not elsewhere classified
Industries
Property-related Goods And Services
Region
South West

Time to Pay

Average Time to Pay
32 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
62%
31-60 Days
33%
After 60 Days
6%
Not Paid Within Terms10%

Payment Features

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

Invoice Payment Practices

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

Payment Terms

Standard payment terms

Standard terms are 30 days. Select vendors have payment terms which differ from this standard, typically these are shorter than 30 days. In a small number of cases agreed payments terms are greater than 30 days.

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 and disputes are handled by our Purchasing and Accounts Payable departments.

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

Herman Miller Limited is a furniture company based in the United Kingdom that specializes in the design and production of modern and sustainable office furniture. The company has a strong focus on sustainability and is committed to reducing their environmental impact through their products and operations.

The sustainability program at Herman Miller Limited is centered around three key pillars: Design for the Environment, Circular Economy, and Social Responsibility. They strive to create products that are not only aesthetically pleasing and functional, but also environmentally friendly. This includes using recycled materials, reducing waste, and implementing energy-efficient practices in their manufacturing processes.

Their products and services range from office chairs and desks to storage solutions and accessories. Each product is designed with sustainability in mind, with features such as ergonomic design, recyclable materials, and minimal packaging. They also offer customization options to cater to the specific needs and preferences of their customers.

Some key people at Herman Miller Limited include their Managing Director, Tim Straker, and their Head of Sustainability, Jane Abernathy. Both have extensive experience in the furniture industry and are dedicated to driving the company's sustainability efforts.

The company's website (www.hermanmiller.co.uk) provides information on their products, services, and sustainability initiatives. Customers can also contact them through their registered office address at 61 Aldwych, London WC2B 4AE.

In summary, Herman Miller Limited is a leading furniture company in the UK that is committed to sustainability. Through their innovative products, dedication to environmental responsibility, and strong leadership, they continue to make a positive impact in the furniture industry.

Financial Metrics

Cash
£19,303,000
Net Worth
£82,275,000
Total Current Assets
£101,404,000
Total Current Liabilities
£68,005,000

Company Location