HAYLEY GROUP LIMITED

PaymentCheck Score 2024
74Fair
0.5vs last year
#2602 in UK
#61 in Supply Chain
#114 in West Midlands

Company Information

Company Number
01257303
Registered Address
Shelah Road, Halesowen, West Midlands, B63 3XL
Status
Active
Employee Count
850
Turnover
£209,041,000
EBITDA
£17,084,000

Additional Details

Company Type
Private limited Company
Incorporated On
6 May 1976
Nature of Business
46690 - Wholesale of other machinery and equipment
71121 - Engineering design activities for industrial process and production
71122 - Engineering related scientific and technical consulting activities
Industries
Supply Chain,Manufacturing And Commerce Models
Region
West Midlands

Time to Pay

Average Time to Pay
64 days
Shortest Period:30 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
88%
31-60 Days
8%
After 60 Days
3%
Not Paid Within Terms1%

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: 2024-07-16
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 202404 Feb 20256585%10%5%1%
01 Jan 2024 - 30 Jun 202416 Jul 20246488%8%3%1%
01 Jul 2023 - 31 Dec 202326 Mar 20246587%9%3%1%
01 Jan 2023 - 30 Jun 202301 Aug 20236589%7%3%1%
01 Jul 2022 - 31 Dec 202216 Feb 20236488%7%4%1%
01 Jan 2022 - 30 Jun 202216 Feb 20236588%7%4%1%
01 Jul 2021 - 31 Dec 202116 Feb 20236586%8%5%1%
01 Jan 2021 - 30 Jun 202116 Feb 20236786%9%4%1%
01 Jul 2020 - 31 Dec 202018 May 20216886%8%5%1%
01 Jul 2018 - 31 Dec 201801 Jul 20196788%10%2%3%
01 Jan 2018 - 30 Jun 201823 Jul 20186691%8%1%2%

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

As a standard from our suppliers we are provided with a minimum term of 30 days credit for the settlement of their invoices. The company also has some specialised suppliers whose payment terms are 90 days from eom

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

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

90

Dispute Resolution Process

Any disputes are raised by the company to the supplier and are processed through the purchase ledger department. This is then in turn allocated to the branch responsible for the invoice in query for it to be resolved. Once this is resolved the invoice is then accepted and passed over for payment authorisation or a credit note is requested from the supplier.

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

HAYLEY GROUP LIMITED is a UK-based company that specializes in providing industrial products and services to various sectors such as manufacturing, engineering, agriculture, and construction. The company's main activities include supply chain management, sourcing, and distribution of high-quality industrial products.

One of the key focuses of HAYLEY GROUP LIMITED is sustainability, and the company has implemented various initiatives to reduce its environmental impact. This includes using eco-friendly packaging materials, promoting energy-efficient products, and reducing carbon emissions in its operations.

The company offers a wide range of products, including bearings, power transmission, fluid power, and maintenance products. These products are sourced from trusted suppliers and are known for their durability and reliability, ensuring the satisfaction of their customers.

The key people behind HAYLEY GROUP LIMITED are its dedicated team of experienced professionals who work together to provide excellent customer service and maintain the company's reputation as a leading industrial solutions provider.

For any inquiries or to learn more about their products and services, customers can contact HAYLEY GROUP LIMITED through their website, which also features a comprehensive catalog of their products. The registered office address of the company is located in Birmingham, UK.

In summary, HAYLEY GROUP LIMITED is a reputable company in the UK that offers high-quality industrial products and services while also prioritizing sustainability. With a dedicated team and a strong commitment to providing customer satisfaction, the company continues to be a top choice for industrial solutions.

Financial Metrics

Cash
£8,001,000
Net Worth
£72,949,000
Total Current Assets
£99,701,000
Total Current Liabilities
£52,183,000

Company Location