ERITH CONTRACTORS LIMITED
Company Information
- Company Number
- 01102060
- Registered Address
- Erith House, 7 Queen Street, Erith, Kent, DA8 1RP
- Status
- Active
- Employee Count
- 401
- Turnover
- £243,164,000
- EBITDA
- £8,439,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 15 March 1973
- Nature of Business
- 38220 - Treatment and disposal of hazardous waste39000 - Remediation activities and other waste management services43110 - Demolition43120 - Site preparation
- Industries
- Environment, Agriculture And Waste, Property, Infrastructure And Construction
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
ERITH CONTRACTORS LIMITED exhibits a clear trend of extended payment cycles, with an average payment time of 54 days significantly exceeding standard 30-day terms. The majority of payments (57%) fall within the 31-60 day window, indicating a consistent pattern of settling invoices beyond a typical month. Furthermore, a substantial 32% of payments extend beyond 60 days, suggesting a trajectory towards longer payment durations rather than improvement.
Volatility Analysis
While the concentration of payments in the 31-60 day range provides some predictability, the 32% of payments exceeding 60 days introduces significant volatility and risk for cash flow planning. The low percentage of payments within 30 days (11%) combined with 8% officially late payments highlights unreliability in receiving timely remuneration. This distribution indicates a moderate to high risk of unpredictable delays, making consistent on-time payment difficult to forecast.
Summary Analysis
Suppliers should plan for ERITH CONTRACTORS LIMITED to pay invoices on average around 54 days, with a notable chance of payments extending past 60 days. Key decision factors include the impact on your own working capital and the potential need for robust cash flow management. Consider negotiating clear payment milestones, exploring options for early payment discounts, or adjusting pricing to account for extended payment terms to mitigate financial risk.
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 2020 - 30 Sept 2020 | 15 Feb 2021 | 54 | 11% | 57% | 32% | 8% |
| 01 Oct 2019 - 31 Mar 2020 | 03 Jun 2020 | 48 | 22% | 57% | 21% | 11% |
| 01 Apr 2019 - 30 Sept 2019 | 04 Dec 2019 | 41 | 19% | 50% | 31% | 9% |
| 01 Oct 2018 - 31 Mar 2019 | 21 May 2019 | 51 | 21% | 52% | 27% | 15% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 39 | 30% | 35% | 35% | 8% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 60 | 22% | 28% | 50% | 57% |
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
Standard Terms - 60 days from month end of invoice date (EOM+60 days). Preferential Terms - 45 days from month end of invoice date (EOM +45days)
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
75
Dispute Resolution Process
All queries are handled through accounts@erith.com in the first instance and may involve our Procurement Team, Commercial Team and where necessary Senior Management.
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.
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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?
❌
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
ERITH CONTRACTORS LIMITED operates as a contracting business. It is structured as a private limited company.
The company holds company number 01102060 and is currently active. It was incorporated on 15 March 1973 and is located in the South East, with its registered office at Erith House, 7 Queen Street, Erith, Kent, DA8 1RP.
Contracting businesses in the UK market typically specialise in delivering various projects across multiple sectors. These often involve services such as construction, civil engineering, demolition, and infrastructure development.
