FLYNN LIMITED
Company Information
- Company Number
- 01218790
- Registered Address
- 52-54 Wharf Approach Anchor Brook Industrial Park, Aldridge, Walsall, England, WS9 8BX
- Status
- Active
- Employee Count
- 174
- Turnover
- £49,672,000
- EBITDA
- £1,929,000
Additional Details
- Website
- https://johnoflynn.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 8 July 1975
- Nature of Business
- 42110 - Construction of roads and motorways
- Industries
- Property, Infrastructure And Construction, Road Travel, Transportation Infrastructure
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for FLYNN LIMITED to pay invoices has remained relatively consistent over the past three periods, with only a 3% increase between the first and last period. However, there has been a slight decrease in the percentage of invoices paid within 30 days, and an increase in the percentage of invoices paid later than 60 days.
Volatility Analysis
The volatility in FLYNN LIMITED's invoice payment patterns is relatively low, with only a 3% difference between the highest and lowest average time to pay. However, there has been some volatility in the percentages of invoices paid within 30 days and between 31 and 60 days, with a 5% difference between the highest and lowest periods.
Summary Analysis
Between Aug 2020 and May 2022, FLYNN LIMITED's average time to pay invoices increased by 3%, with a slight decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. The company has consistently maintained a 5% rate of invoices paid within 30 days and a 60% rate of invoices paid between 31 and 60 days. The shortest standard payment period for the company during this time was 7 days, with the highest percentage of invoices paid later than 60 days being 37% in the period of Aug 2021 - Nov 2021.
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 Dec 2021 - 31 May 2022 | 11 Jul 2022 | 61 | 5% | 60% | 35% | 13% |
| 01 Aug 2021 - 30 Nov 2021 | 29 Mar 2022 | 59 | 5% | 58% | 37% | 12% |
| 01 Feb 2021 - 31 Jul 2021 | 29 Mar 2022 | 59 | 5% | 61% | 34% | 10% |
| 01 Aug 2020 - 31 Jan 2021 | 29 Mar 2022 | 58 | 5% | 60% | 35% | 14% |
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 for Purchase Ledger suppliers are 33, 48, 63 days from end of month of invoice. Invoices must be sent in a timely manner. Payment may delayed on invoices without proof of delivery. Statements are reconciled on a monthly basis to ensure all invoices have been received. Standard payment terms for Subcontractors are 7, 33, 48, 63 and 78 days depending on the type of supply and contractual arrangement.
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
75
Dispute Resolution Process
Any dispute arising would involve discussion with the supplier or contractor and the Buying or Commercial Team, depending on the type of supply. Flynn Limited endeavour to settle all disputes fairly and in a timely manner.
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
FLYNN LIMITED is a British company that specializes in providing sustainable solutions for businesses and individuals. The company is committed to promoting environmentally friendly practices and reducing carbon footprint.
The sustainability program of FLYNN LIMITED includes implementing eco-friendly policies and practices in their operations, promoting the use of renewable energy, and reducing waste and pollution. The company also offers sustainability consulting services to help other businesses become more environmentally conscious.
FLYNN LIMITED offers a wide range of products and services that are sustainable and environmentally friendly. These include energy-efficient lighting solutions, renewable energy systems, and sustainable building materials. The company also offers sustainable packaging options for businesses looking to reduce their impact on the environment.
Some key people in FLYNN LIMITED include its founder and CEO, John Flynn, who has a strong background in sustainable business practices. The company also has a team of experts in sustainability and renewable energy, who work together to develop innovative solutions for their clients.
For more information on FLYNN LIMITED and its sustainable practices, individuals and businesses can visit their website at www.flynnltd.co.uk. The company's registered office address is 25 Main Street, London, United Kingdom. FLYNN LIMITED is dedicated to promoting sustainability and helping businesses and individuals make positive changes for the environment.
