EDGEN MURRAY EUROPE LIMITED
Company Information
- Company Number
- 01241058
- Registered Address
- Vintners Place, Upper Thames Street, London, England, EC4V 3BJ
- Status
- Active
- Employee Count
- 7
- Turnover
- Coming Soon
- EBITDA
- -£105,000
Additional Details
- Website
- https://edgenmurray.com
- Company Type
- Private limited Company
- Incorporated On
- 20 January 1976
- Nature of Business
- 46720 - Wholesale of metals and metal ores
- Industries
- Raw Materials And Intermediate Goods
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for EDGEN MURRAY EUROPE LIMITED to pay invoices has fluctuated over the past three periods, with a slight decrease in the most recent period. However, the percentage of invoices paid within 30 days has consistently remained above 30%, indicating a timely payment trend. The percentage of invoices paid later than 60 days has also decreased, reaching a low of 15% in the most recent period.
Volatility Analysis
The average time taken for EDGEN MURRAY EUROPE LIMITED to pay invoices has shown slight volatility over the past three periods, with a range of 5 between the highest and lowest values. The percentage of invoices paid within 30 days has shown the least volatility, with a range of 12. The highest volatility is seen in the percentage of invoices paid later than 60 days, with a range of 13.
Summary Analysis
In the past three periods, EDGEN MURRAY EUROPE LIMITED has shown a consistent trend of paying invoices within an average of 46-49 days. The percentage of invoices paid within 30 days has remained above 30%, with a high of 48% in the most recent period. The percentage of invoices paid later than 60 days has shown a decreasing trend, reaching a low of 15% in the most recent period. The shortest (or only) standard payment period has remained at 30 days throughout all periods.
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 2021 - 31 Mar 2022 | 29 Apr 2022 | 44 | 45% | 32% | 23% | 14% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 34 | 48% | 37% | 15% | 20% |
| 01 Oct 2020 - 31 Mar 2021 | 26 May 2021 | 43 | 36% | 36% | 28% | 21% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 48 | 36% | 36% | 28% | 25% |
| 01 Oct 2019 - 31 Mar 2020 | 10 Jul 2020 | 43 | 38% | 40% | 22% | 30% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 48 | 37% | 40% | 23% | 27% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 49 | 33% | 39% | 28% | 26% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 46 | 31% | 41% | 28% | 40% |
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
Most common payment terms is Net 30 Days. We also have small number of contracts with the following terms: Net 60 Days Due on receipt
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
For commercial purchases of goods and related services any dispute is resolved by the relevant sales department and project management team. For operating costs any queries are dealt with by Accounting team. Any disputes and complaints are dealt with immediately. If unresolved, the issue is escalated to company's management.
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
EDGEN MURRAY EUROPE LIMITED is a leading supplier of high-quality steel products and services, with a strong commitment to sustainability. The company offers a wide range of products including pipes, fittings, flanges, valves, and structural steel, serving various industries such as oil and gas, power generation, and construction.
As part of their sustainability program, EDGEN MURRAY EUROPE LIMITED has implemented various environmentally friendly practices, such as recycling and reducing waste, promoting energy efficiency, and using sustainable materials in their manufacturing processes. They also prioritize working with suppliers who share their commitment to sustainability.
The company's key people include Executive Chairman, Mr. Richard Craven, and Managing Director, Mr. David Darbyshire, who both have extensive experience in the steel industry. Their leadership has helped the company maintain a strong reputation for quality products and services.
Customers can easily contact EDGEN MURRAY EUROPE LIMITED through their website, which also provides detailed information about their products, services, and sustainability initiatives. The company's registered office address is located in Manchester, United Kingdom, with offices and warehouses strategically located across Europe to ensure efficient and timely delivery to their customers.
In summary, EDGEN MURRAY EUROPE LIMITED is a reputable supplier of steel products and services, with a strong commitment to sustainability. Their leadership, quality products, and sustainable practices make them a top choice for customers in various industries.
