BANDVULC TYRES LTD

PaymentCheck Score 2024
50Fair
2.2vs last year
#4386 in UK
#183 in Supply Chain
#220 in South West

Company Information

Company Number
01350593
Registered Address
Gillard Way, Lee Mill Industrial Estate, Ivybridge, Devon, PL21 9LN
Status
Active
Employee Count
296
Turnover
£98,814,000
EBITDA
£2,422,000

Additional Details

Company Type
Private limited Company
Incorporated On
30 January 1978
Nature of Business
22110 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
Industries
Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
Region
South West

Time to Pay

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

Payment Timeline

Within 30 Days
24%
31-60 Days
30%
After 60 Days
46%
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: 2024-12-10
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 Mar 20255123%31%46%1%
01 Jan 2024 - 30 Jun 202410 Dec 20245124%30%46%1%
01 Jul 2023 - 31 Dec 202327 Mar 20246423%29%48%1%
01 Jan 2023 - 30 Jun 202322 Dec 20235123%28%49%1%
01 Jul 2022 - 31 Dec 202228 Jun 20235223%27%50%1%
01 Jan 2022 - 30 Jun 202209 Sept 20225125%25%50%1%
01 Jul 2021 - 31 Jul 202118 Feb 20225126%21%53%3%
01 Jan 2021 - 30 Jun 202103 Aug 20215127%23%50%3%
01 Jan 2019 - 30 Jun 201924 Jul 20194533%25%42%7%
01 Jul 2018 - 31 Dec 201831 Jan 20195323%24%53%5%
01 Jan 2018 - 30 Jun 201831 Jul 20185224%26%50%4%

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

60 Days EOM

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

60

Dispute Resolution Process

Supplier should contact Accounts Payable dept via Email/Telephone at our office in Ivybridge. Depending on nature of dispute the query will escalate accordingly.

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

BANDVULC TYRES LTD is a British company that specializes in the production and distribution of high-quality tires for commercial vehicles. Founded in 1971, the company has established itself as a leader in the industry, providing reliable and sustainable products and services.

One of the key activities of BANDVULC TYRES LTD is the manufacturing of tires for various commercial vehicles, including trucks, buses, and trailers. These tires are designed to withstand heavy loads and provide excellent traction, ensuring safe and efficient transportation.

The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using sustainable materials in the production of tires, reducing energy consumption, and implementing efficient waste management practices.

BANDVULC TYRES LTD also offers a range of services to its customers, such as tire maintenance and repair, retreading, and fleet management solutions. These services are aimed at extending the lifespan of tires and reducing overall costs for businesses.

The company's key people include managing director, Patrick O'Connell, and commercial director, John Broadhurst. With their expertise and leadership, BANDVULC TYRES LTD has become one of the most trusted names in the commercial tire industry.

To learn more about their products, services, and sustainability efforts, interested individuals can visit the company's website at https://www.bandvulc.co.uk/. The registered office address for BANDVULC TYRES LTD is Lee Mill Industrial Estate, Ivybridge, Devon, PL21 9GS, United Kingdom.

Financial Metrics

Cash
£466,044
Net Worth
£31,481,411
Total Current Assets
£37,816,518
Total Current Liabilities
£13,113,215

Company Location