WATLING JCB LIMITED

PaymentCheck Score 2024
76Good
0.1vs last year
#2477 in UK
#57 in Supply Chain
#82 in East Midlands

Company Information

Company Number
01245540
Registered Address
Dog & Gun Lane, Whetstone, Leicester, LE8 6LJ
Status
Active
Employee Count
179
Turnover
£131,133,000
EBITDA
£7,530,000

Additional Details

Company Type
Private limited Company
Incorporated On
23 February 1976
Nature of Business
46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft
46630 - Wholesale of mining, construction and civil engineering machinery
Industries
Supply Chain,Manufacturing And Commerce Models
Region
East Midlands

Time to Pay

Average Time to Pay
27 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:59 days

Payment Timeline

Within 30 Days
60%
31-60 Days
38%
After 60 Days
2%
Not Paid Within Terms20%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-17
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202417 Jan 20252759%40%1%12%
01 Jan 2024 - 30 Jun 202417 Jan 20252760%38%2%20%
01 Jul 2023 - 31 Dec 202309 Apr 20242661%37%2%22%
01 Jan 2023 - 30 Jun 202309 Apr 20242760%38%2%15%
01 Jul 2022 - 31 Dec 202209 Apr 20242857%41%2%33%
01 Jun 2022 - 30 Jun 202209 Apr 20243152%45%2%24%
01 Jul 2021 - 31 Dec 202117 Jan 20223055%42%3%19%
01 Jan 2021 - 30 Jun 202109 Jul 20213250%48%2%19%
01 Jul 2020 - 31 Dec 202013 Jan 20213148%49%3%37%
01 Jan 2019 - 30 Jun 201905 Jul 20194444%51%5%42%
01 Jan 2018 - 30 Jun 201831 Jul 20182755%40%5%5%

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

Our standard payment terms are that payment of invoices for goods and services will generally be made by the 20th of the month following the month in which a properly due, correct and complete invoice is received. Other terms may apply by agreement.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

59

Dispute Resolution Process

We endeavour to pay suppliers in a prompt and honest manner while ensuring that invoices received are correct. Accounts payable use a purchase invoice authorisation system whereby the manager responsible is required to promptly authorise invoices relevant to their department. Should there be a query or dispute on an invoice, the supplier is contacted and this is resolved by discussion and agreement and passed on to the accounts payable team for payment.

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

WATLING JCB LIMITED is a British construction equipment company that specializes in the sales, rental, and servicing of JCB machinery. The company was founded in 1976 and has since become a leading supplier of JCB products in the UK.

The company offers a wide range of JCB machinery, including excavators, loaders, backhoes, and telehandlers, to cater to the needs of the construction, agriculture, and industrial sectors. They also offer a variety of attachments and accessories to enhance the performance of these machines.

In addition to their products and services, WATLING JCB LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a dedicated sustainability program that focuses on reducing waste, promoting energy efficiency, and using sustainable materials and practices in their operations.

The company is led by a team of experienced and knowledgeable individuals, including the Joint Managing Directors, Richard and Steve Watling. They have a team of trained and certified technicians who provide excellent customer service and support.

Customers can contact WATLING JCB LIMITED through their website, www.watling-jcb.com, where they can browse their products and services, request a quote, and find information about their sustainability efforts. The company's registered office address is at Watling JCB Ltd, Hopton Garage, Hopton Industrial Estate, Devizes, Wiltshire, SN10 2EY.

In conclusion, WATLING JCB LIMITED is a reputable company in the UK construction industry, offering a wide range of JCB machinery, with a strong focus on sustainability. With their experienced team and commitment to customer satisfaction, they continue to be a trusted partner for businesses in need of quality construction equipment.

Financial Metrics

Cash
£5,817,000
Net Worth
£22,729,000
Total Current Assets
£26,059,000
Total Current Liabilities
£8,865,000

Company Location