EDWARDS HIGH VACUUM INTERNATIONAL LIMITED
Company Information
- Company Number
- 01148654
- Registered Address
- Innovation Drive, Burgess Hill, West Sussex, England, RH15 9TW
- Status
- Dissolved
- Employee Count
- 441
- Turnover
- £159,444,000
- EBITDA
- £6,665,000
Additional Details
- Website
- https://edwardsvacuum.com
- Company Type
- Private limited Company
- Incorporated On
- 30 November 1973
- Nature of Business
- 28131 - Manufacture of pumps
- Industries
- Manufacturing
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for EDWARDS HIGH VACUUM INTERNATIONAL LIMITED has been increasing over the past three periods, from 50 days in 2018-2019 to 58 days in 2021-2022. This trend suggests that the company may be taking longer to pay their invoices to suppliers.
Volatility Analysis
The volatility in EDWARDS HIGH VACUUM INTERNATIONAL LIMITED's payment patterns can be seen in the fluctuation of the percentage of invoices paid within 30 days and those paid between 31-60 days. In the first period (2018-2019), the company paid 14% of their invoices within 30 days and 67% between 31-60 days. However, in the third period (2020-2021), these numbers increased to 19% and 71%, respectively. This shows a significant change in payment behavior within a short period of time.
Summary Analysis
In the past three periods, there has been a slight increase in the average time it takes for EDWARDS HIGH VACUUM INTERNATIONAL LIMITED to pay their invoices to suppliers. This can be seen in the increase from 50 days in 2018-2019 to 58 days in 2021-2022. However, there have been some positive changes in the percentage of invoices paid within 30 days, which increased from 12% in 2018-2019 to 17% in 2021-2022. The worst period for the company was in 2021-2022, where 28% of their invoices were paid later than 60 days, indicating a significant delay in payment.
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 2022 - 30 Jun 2022 | 12 Jul 2022 | 58 | 18% | 53% | 29% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 57 | 17% | 55% | 28% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 55 | 16% | 62% | 22% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 56 | 15% | 64% | 21% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 54 | 15% | 65% | 20% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 50 | 19% | 65% | 16% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 53 | 12% | 71% | 17% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 53 | 12% | 65% | 23% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 50 | 14% | 67% | 19% | 50% |
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 payment terms are 60 days from receipt of invoice. Further details can be found at https://www.edwardsvacuum.com/en/terms-and-conditions
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The Company uses its reasonable endeavours to pay invoices promptly in accordance with its contractual payment terms unless an invoice is disputed
Maximum contractual payment period agreed
120
Dispute Resolution Process
If any disagreement arises out of the invoices and their payment, the matter shall be disposed of as follows: the Supplier shall send an email to Accounts.Payable@edwardsvacuum.com with evidence that it met the invoicing requirements and with an explanation of its claim regarding any unpaid invoice. Accounts Payable Department should respond within 3 working days. If this dispute is not resolved, the Supplier should contact the Purchasing Manager who shall respond to the Supplier within 10 working days of receipt of the Supplier’s email and the parties will use their reasonable endeavours to resolve the matter promptly
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
EDWARDS HIGH VACUUM INTERNATIONAL LIMITED is a leading global company providing innovative vacuum and exhaust management solutions. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program focuses on reducing energy consumption, minimizing waste generation, and using eco-friendly materials in their products. They also have a recycling program in place to responsibly dispose of their products at the end of their life cycle.
The company offers a wide range of products and services including vacuum pumps, abatement systems, and vacuum measurement and control instruments. They cater to various industries such as semiconductor, pharmaceutical, and research and development.
The key people at EDWARDS HIGH VACUUM INTERNATIONAL LIMITED include the CEO, Jim Gentilcore, and the COO, Ann McDowell. They lead a team of highly skilled professionals who are dedicated to providing top-quality products and services to their customers.
The company's website, www.edwardsvacuum.com, provides detailed information about their products and services, as well as their sustainability efforts. Their registered office address is located at Manor Royal, Crawley, West Sussex, RH10 2LW, United Kingdom.
In conclusion, EDWARDS HIGH VACUUM INTERNATIONAL LIMITED is a reputable company that is committed to sustainability and offers a wide range of high-quality vacuum and exhaust management solutions. With their dedicated team and a strong focus on sustainability, they continue to be a leader in the industry.
