SAMSUNG CT UK LIMITED
Company Information
- Company Number
- 01217165
- Registered Address
- 5th Floor Profile West, 950 Great West Road, Brentford, Middlesex, England, TW8 9ES
- Status
- Active
- Employee Count
- 15.0
- Turnover
- 77667000.0
- EBITDA
- -4634000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 24 June 1975
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- 0
- Region
- London
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 |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 06 Feb 2024 | 12 | 95% | 5% | 0% | 20% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 18 | 88% | 11% | 1% | 19% |
| 01 Jul 2022 - 31 Dec 2022 | 08 Feb 2023 | 17 | 87% | 12% | 1% | 23% |
| 01 Jan 2022 - 30 Jun 2022 | 11 Aug 2022 | 18 | 88% | 11% | 1% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Feb 2022 | 17 | 92% | 8% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 17 Aug 2021 | 18 | 87% | 12% | 1% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Mar 2021 | 21 | 85% | 15% | 0% | 16% |
| 01 Jan 2020 - 30 Jun 2020 | 18 Aug 2020 | 18 | 87% | 9% | 4% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 18 Aug 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 12 | 95% | 5% | 0% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 28 Aug 2019 | 17 | 88% | 11% | 1% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 26 Jul 2019 | 15 | 80% | 20% | 0% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2019 | 16 | 85% | 14% | 1% | 25% |
Company Summary
SAMSUNG C&T U.K
LIMITED is a subsidiary of the multinational conglomerate Samsung, based in the United Kingdom
The company is primarily involved in trading and investment activities, as well as providing sustainable solutions in the areas of construction, engineering, and energy
The company places a strong emphasis on sustainability, with a dedicated sustainability program in place
This includes initiatives such as reducing carbon emissions, promoting renewable energy, and implementing sustainable practices in their operations
They also prioritize ethical and responsible sourcing of materials and strive to minimize their environmental impact
SAMSUNG C&T U.K
LIMITED offers a wide range of products and services, including construction and engineering services for infrastructure projects, energy solutions such as solar power plants and wind farms, and trading of various commodities and raw materials
The key people at SAMSUNG C&T U.K
LIMITED include the CEO, Mr
Lee Sang-hoon, and the President and CEO, Mr
Kim Hyun-chong
They both bring extensive experience and expertise to the company's operations
The company's website address is https://www.samsungcnt.com/uk/
Their registered office address is 100 New Bridge Street, London, EC4V 6JA, United Kingdom
Overall, SAMSUNG C&T U.K
LIMITED is committed to sustainable and responsible business practices, making them a leader in their industry
Company Review
Trend Analysis
The average time to pay for SAMSUNG C&T U.K. LIMITED has been relatively consistent, with a slight increase from 16 days in the first period to 18 days in the last period. However, the percentage of invoices paid within 30 days has increased from 85% to 92%, showing an improvement in timely payments. The percentage of invoices paid between 31 and 60 days has also decreased from 14% to 8%, indicating a decrease in delayed payments. Overall, there has been a trend towards more timely payments by SAMSUNG C&T U.K. LIMITED.
Volatility Analysis
There is not much volatility in the data, as the average time to pay and percentages of invoices paid within 30 days and between 31 and 60 days have remained relatively stable over the periods. The only change that stands out is the increase in the percentage of invoices paid later than 60 days in the fifth period, but this was followed by a decrease in the next period.
Summary Analysis
In the first three periods, SAMSUNG C&T U.K. LIMITED had an average time to pay of 16-17 days, with 85-88% of invoices being paid within 30 days and 11-14% of invoices being paid between 31 and 60 days. However, in the fourth period, there was a significant improvement with an average time to pay of only 12 days and 95% of invoices being paid within 30 days. This trend continued in the fifth period with 18 days average time to pay and 87% of invoices being paid within 30 days. In the sixth period, there was a slight increase in average time to pay to 21 days, but the percentage of invoices paid within 30 days remained high at 85%. The most recent period (seventh) showed a return to previous levels, with an average time to pay of 18 days and 92% of invoices being paid within 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard terms are payment on receipt of validated invoice. For Natural Resources – Provisional and final payment is on receipt of validated shipping documentation.
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
Our purchase orders contain contact details for the accounts function that responds to complaints and investigates and resolves any disputes.
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
