DRAPER TOOL GROUP LIMITEDTHE
Company Information
- Company Number
- 01368930
- Registered Address
- Hursley Road, Chandlers Ford, Eastleigh, Hampshire, SO53 1YF
- Status
- Active
- Employee Count
- 334
- Turnover
- £59,228,000
- EBITDA
- £5,146,000
Additional Details
- Website
- https://www.drapertools.com/
- Company Type
- Private limited Company
- Incorporated On
- 16 May 1978
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data for DRAPER TOOL GROUP LIMITED(THE) shows an overall decreasing trend in the average time to pay invoices between September 2017 and February 2018. The percentage of invoices paid within 30 days has also increased during this period.
Volatility Analysis
The data for DRAPER TOOL GROUP LIMITED(THE) shows minimal volatility in the average time to pay invoices between September 2017 and February 2018. However, there is some fluctuation in the percentage of invoices paid within 30 days and between 31 and 60 days.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Sept 2017 - 28 Feb 2018 | 31 Mar 2018 | 27 | 77% | 21% | 2% | 36% |
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 for goods and services provided are 30 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Wherever possible, we will attempt to adopt shorter supplier payment terms, if less than 30 days. Our supplier payment processes do not allow for invoice received dates to be recorded, and supplier invoice date has been used in all of the above calculations. This process will be improved over time, and it is anticipated that the report for the period ended 31 August 2018 will show improved payment practice performance figures.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Disputes with supplier invoices are generally resolved between the respective accounts departments.
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
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.
