GEA PROCESS ENGINEERING LIMITED

Company Information

Company Number
01275022
Registered Address
Leacroft House Leacroft Road, Birchwood, Warrington, Cheshire, WA3 6JF
Status
Active
Employee Count
215
Turnover
£83,462,000
EBITDA
£9,785,000

Additional Details

Company Type
Private limited Company
Incorporated On
27 August 1976
Nature of Business
28930 - Manufacture of machinery for food, beverage and tobacco processing
Industries
Supply Chain,Manufacturing And Commerce Models
Region
North West

Time to Pay

Average Time to Pay
58 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
11%
31-60 Days
67%
After 60 Days
22%
Not Paid Within Terms1%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2019-10-07
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2019 - 30 Jun 201907 Oct 20195811%67%22%1%
01 Jan 2018 - 30 Jun 201827 Jul 20185341%46%13%11%

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 are 60 days net.

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

90

Dispute Resolution Process

All invoices are reviewed and processed by the SSC. Disputes/complaints raised by a supplier are filtered by SSC and dealt with within 2 working days, or escalated to the relevant team. The time scale the relevant team will take depends on the complexity of the dispute, but will be resolved 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.

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

GEA PROCESS ENGINEERING LIMITED is a global company that provides process engineering solutions for various industries. They offer a wide range of services such as process design, project management, and equipment supply to help their clients optimize their production processes.

The company is committed to sustainability and has a dedicated sustainability program that focuses on reducing energy consumption, minimizing waste, and promoting eco-friendly practices. They also offer sustainable solutions to their clients, such as energy-efficient equipment and processes, to help them reduce their environmental footprint.

Their product portfolio includes equipment and systems for the food, beverage, pharmaceutical, and chemical industries. These products range from heat exchangers and separators to mixers and dryers, all designed to meet the highest quality and safety standards.

The key people at GEA PROCESS ENGINEERING LIMITED include the CEO, Stefan Klebert, and the CFO, Marcus A. Ketter. They lead a team of experienced engineers, technicians, and project managers who work together to deliver innovative and sustainable solutions to their clients.

For more information, interested parties can visit their website at www.gea.com or contact them at their registered office address: GEA PROCESS ENGINEERING LIMITED, Regency House, 1-4 Warwick Street, London, W1B 5LX, United Kingdom.

Financial Metrics

Cash
£17,000
Net Worth
£5,584,000
Total Current Assets
£37,657,000
Total Current Liabilities
£30,624,000

Company Location