STANNAH LIFT SERVICES LIMITED
Company Information
- Company Number
- 01189799
- Registered Address
- Watt Close, East Portway, Andover, Hampshire, SP10 3SD
- Status
- Active
- Employee Count
- 848.0
- Turnover
- 116384000.0
- EBITDA
- 3198000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 November 1974
- Nature of Business
- 28220 - Manufacture of lifting and handling equipment$33120 - Repair of machinery$33200 - Installation of industrial machinery and equipment$47990 - Other retail sale not in stores, stalls or markets
- Industries
- 0
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 |
|---|---|---|---|---|---|---|
| 07 Jan 2023 - 31 Dec 2023 | 01 Feb 2024 | 25 | 91% | 6% | 3% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 25 | 89% | 8% | 3% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 27 | 74% | 22% | 4% | 43% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 26 | 86% | 13% | 1% | 39% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 19 | 92% | 7% | 1% | 36% |
| 01 Jan 2021 - 30 Jun 2021 | 04 Aug 2021 | 19 | 94% | 5% | 1% | 32% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 20 | 93% | 6% | 1% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 06 Aug 2020 | 20 | 91% | 7% | 2% | 20% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 20 | 95% | 2% | 3% | 12% |
| 01 Jan 2019 - 01 Jun 2019 | 23 Jul 2019 | 19 | 97% | 2% | 1% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 06 Feb 2019 | 18 | 98% | 0% | 2% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 20 | 97% | 2% | 1% | 38% |
Company Summary
STANNAH LIFT SERVICES LIMITED is a UK-based company that specializes in the manufacture, installation, and maintenance of lifts, escalators, and stairlifts
The company was founded in 1867 and has been providing innovative solutions for vertical transportation ever since
The company's sustainability program is focused on reducing their environmental impact, promoting social responsibility, and ensuring economic sustainability
They have implemented various initiatives such as using eco-friendly materials in their products, reducing energy consumption in their operations, and promoting ethical and fair labor practices
STANNAH offers a wide range of lift products and services, including residential lifts, commercial lifts, platform lifts, and goods lifts
They also provide custom solutions for clients with specific needs and requirements
Their lifts and escalators are designed with safety, efficiency, and accessibility in mind, making them suitable for a diverse range of buildings and environments
The key people at STANNAH LIFT SERVICES LIMITED include Alastair Stannah, the chairman, and Jon Stannah, the managing director
The company has a team of experienced engineers and technicians who are dedicated to delivering high-quality products and services to their customers
For more information on their products and services, customers can visit their website at www.stannahlifts.co.uk
The registered office address for STANNAH LIFT SERVICES LIMITED is Watt Close, East Portway Industrial Estate, Andover, Hampshire, SP10 3SD, UK
In summary, STANNAH LIFT SERVICES LIMITED is a reputable company that has been providing reliable and sustainable vertical transportation solutions for over 150 years
With a focus on sustainability, a wide range of products and services, and a team of experienced professionals, they continue to be a leader in the industry
Company Review
Trend Analysis
The average time taken for STANNAH LIFT SERVICES LIMITED to pay invoices has remained relatively consistent over the past three and a half years, with a slight increase in 2022 and 2023. However, there has been a noticeable decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days and later than 60 days. This trend may indicate a decline in the company's promptness in paying invoices.
Volatility Analysis
The volatility of STANNAH LIFT SERVICES LIMITED's payment practices can be seen in the fluctuation of the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. While there is not a significant increase or decrease in these percentages, they do vary from period to period, indicating some volatility in the company's payment behavior.
Summary Analysis
Between 2018 and 2023, STANNAH LIFT SERVICES LIMITED's average time to pay invoices has remained consistent at around 20 days. However, there has been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days and later than 60 days. The company's best period for early payment was in the second half of 2018, with 98% of invoices paid within 30 days. The worst period for late payment was in the second half of 2022, with 13% of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Stannah Lift Services Limited standard terms and conditions can be found at the following link http://terms.stannah.co.uk/liftservicestcs.htm. Whilst the standard payment terms are 60 days Stannah Lift Services Limited negotiates mutually acceptable alternatives where necessary. The most frequently used payment terms in the reporting period are 30 days.
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
60
Dispute Resolution Process
Payment queries are initially raised with Accounts Payable team. If any issues require escalation they are passed to senior managers for resolution. Queries should be emailed directed to accountspayable@stannah.co.uk in the first instance.
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
