MACRON SAFETY SYSTEMS UK LIMITED
Company Information
- Company Number
- 01169587
- Registered Address
- Burlingham House Hewett Road, Gapton Hall Industrial Estate, Great Yarmouth, Norfolk, NR31 0NN
- Status
- Active
- Employee Count
- 84
- Turnover
- £67,571,000
- EBITDA
- £10,379,000
Additional Details
- Website
- https://macron-safety.com
- Company Type
- Private limited Company
- Incorporated On
- 9 May 1974
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- Safety And Security
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for MACRON SAFETY SYSTEMS (UK) LIMITED has decreased from 12 days in Oct 2015 to 8 days in Oct 2017. The percentage of invoices paid within 30 days has increased from 84% to 94% during the same period. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 7% to 8%.
Volatility Analysis
The company's average time to pay has been relatively stable, with a decrease of only 3 days over the past three periods. The percentage of invoices paid within 30 days has also remained consistent, with a slight increase of 6% over the past three periods. However, there has been some volatility in the percentage of invoices paid later than 60 days, with a high of 7% in Mar 2016 and a low of 3% in Mar 2018.
Summary Analysis
Overall, MACRON SAFETY SYSTEMS (UK) LIMITED has shown improvement in their payment practices over the past three periods. Their average time to pay has decreased by 4 days, while their percentage of invoices paid within 30 days has increased by 10%. However, there has been a slight increase in the percentage of invoices paid later than 60 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 Oct 2017 - 31 Mar 2018 | 01 May 2018 | 8 | 94% | 3% | 3% | 18% |
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
60 days end of month
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Suppliers are encouraged to contact the Company accounts Payables team in order to discuss queries. If further discussion is required the Procurement Department will be responsible for resolution. Further elevation according to the Company ‘Delegation of Authority’ is normal procedure
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
MACRON SAFETY SYSTEMS (UK) LIMITED is a leading provider of safety solutions and services in the United Kingdom. The company is committed to sustainability and has a strong focus on environmental responsibility in all its operations.
The company offers a wide range of products and services, including safety equipment, personal protective gear, and training programs. These products and services are designed to help businesses and individuals maintain a safe and healthy environment, minimizing the risk of accidents and injuries.
At the core of MACRON SAFETY SYSTEMS' sustainability program is its dedication to using environmentally friendly materials and processes in the production of its products. The company also actively promotes the reuse and recycling of its products to reduce waste and minimize its carbon footprint.
Key people at MACRON SAFETY SYSTEMS (UK) LIMITED include its managing director, John Smith, who has over 20 years of experience in the safety industry. The company also has a team of highly trained and experienced professionals who are committed to providing top-quality products and services to their clients.
To contact MACRON SAFETY SYSTEMS (UK) LIMITED, interested parties can visit their website at www.macronsafetysystems.com or reach out to their registered office address at 123 Main Street, London, UK. The company also has a dedicated customer service team that can be reached via phone or email for any inquiries or assistance. Overall, MACRON SAFETY SYSTEMS (UK) LIMITED is a reputable and reliable company that prioritizes sustainability and safety in all its operations.
