---
title: "DRAPER TOOL GROUP LIMITED(THE) - Payment Practices"
date: 2018-03-31
url: https://paymentcheck.co.uk/company-search/01368930/draper-tool-group-limited-the
description: "View payment practices for DRAPER TOOL GROUP LIMITED(THE). Average time to pay: 27 days."
---

# DRAPER TOOL GROUP LIMITED(THE)

## Company Information

- **Company Number:** 01368930
- **Status:** Active
- **Company Type:** Private limited Company
- **Incorporated:** 16 May 1978
- **Registered Address:** Hursley Road, Chandlers Ford, Eastleigh, Hampshire, SO53 1YF
- **Industry:** Distribution And Delivery, Property, Infrastructure And Construction, Property-related Goods And Services, Raw Materials And Intermediate Goods, Road Travel
- **Region:** South East

## Payment Statistics

- **Average Time to Pay:** 27 days
- **Invoices Paid Within 30 Days:** 77%
- **Invoices Paid Between 31-60 Days:** 21%
- **Invoices Paid Later Than 60 Days:** 2%
- **Invoices Not Paid Within Agreed Terms:** 36%

## Payment Terms

- **Standard Payment Terms:** Standard payment terms for goods and services provided are 30 days from date of invoice.
- **Shortest Payment Period:** Not available days
- **Longest Payment Period:** 30 days
- **Maximum Contractual Period:** 30 days

## Payment Practices

- **Payment Terms Changed:** Not available
- **Suppliers Notified of Changes:** Not available
- **E-Invoicing Offered:** True
- **Supply Chain Financing Offered:** False
- **Participates in Payment Codes:** No

## Dispute Resolution

Disputes with supplier invoices are generally resolved between the respective accounts departments.

## Summary

DRAPER TOOL GROUP LIMITED (THE) is a leading manufacturer and distributor of high-quality hand and power tools. The company was founded in 1919 and is headquartered in Chandler's Ford, Hampshire, UK.

The company's main activities include designing, sourcing, and supplying a wide range of tools for both professional and DIY use. Their product range includes hand tools, power tools, automotive tools, gardening tools, and more. They also offer a range of storage solutions for their tools.

In recent years, DRAPER TOOL GROUP LIMITED (THE) has made sustainability a key focus of their business. They have implemented various initiatives to reduce their environmental impact, such as using eco-friendly materials and promoting recycling and energy conservation. They are committed to continuously improving their sustainability efforts and have set targets to reduce their carbon footprint.

The company's key people include the Chairman, Michael Draper, and the Managing Director, Jonathan Collier. They have a dedicated team of employees who are passionate about providing high-quality tools and promoting sustainability.

Customers can purchase DRAPER TOOL GROUP LIMITED (THE) products through various retailers, as well as directly from their website. Their registered office address is Hursley Road, Chandler's Ford, Eastleigh, Hampshire, SO53 1YF, UK.

Overall, DRAPER TOOL GROUP LIMITED (THE) is a well-established and reputable company that offers a wide range of quality tools while also prioritizing sustainability. With their commitment to innovation and customer satisfaction, they continue to be a leading player in the tool industry.

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*Data sourced from official UK government payment practices reports. Last updated: 2018-03-31*