STANNAH STAIRLIFTS LIMITED
Company Information
- Company Number
- 01401451
- Registered Address
- Watt Close, East Portway, Andover, Hampshire, SP10 3SD
- Status
- Active
- Employee Count
- 640.0
- Turnover
- 114709000.0
- EBITDA
- 6130000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 November 1978
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- 0
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 30 | 86% | 10% | 4% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 30 | 82% | 14% | 4% | 16% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 35 | 50% | 43% | 7% | 47% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 29 | 71% | 27% | 2% | 38% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 26 | 71% | 22% | 7% | 40% |
| 01 Jan 2021 - 30 Jun 2021 | 04 Aug 2021 | 26 | 73% | 25% | 2% | 40% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 23 | 76% | 21% | 3% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 06 Aug 2020 | 24 | 77% | 20% | 3% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 21 | 93% | 5% | 2% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 23 | 93% | 5% | 2% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 06 Feb 2019 | 19 | 97% | 0% | 3% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 25 | 92% | 4% | 4% | 40% |
Company Summary
STANNAH STAIRLIFTS LIMITED is a British company that specializes in the manufacture and installation of stairlifts
Founded in 1975, the company is headquartered in Andover, Hampshire and has become a market leader in the stairlift industry
The company's sustainability program focuses on reducing their environmental impact and promoting social responsibility
This includes using sustainable materials in their products, reducing energy consumption in their manufacturing processes, and implementing recycling programs
They also support local charities and organizations through donations and volunteer work
STANNAH offers a range of stairlift products, including straight, curved, and outdoor stairlifts
These products are designed to help individuals with mobility difficulties safely and comfortably navigate their homes
The company also offers maintenance and repair services for their products
The company is led by a team of key people, including Patrick Stannah (Chairman), Jon Stannah (Managing Director), and Alastair Stannah (Group Chief Executive)
They are committed to providing high-quality products and services while upholding the company's values of honesty, respect, and responsibility
For more information on STANNAH STAIRLIFTS LIMITED and their products and services, you can visit their website at www.stannah.com
Their registered office address is Watt Close, East Portway Industrial Estate, Andover, Hampshire, SP10 3SD, United Kingdom
Company Review
Trend Analysis
The average time taken for STANNAH STAIRLIFTS LIMITED to pay invoices to suppliers has generally increased from 2018 to 2023, with the exception of a slight decrease in 2019 and a significant decrease in 2023. The percentage of invoices paid within 30 days has also decreased over the years, while the percentage of invoices paid between 31 and 60 days has increased. The percentage of invoices paid later than 60 days has fluctuated, but overall has shown a slight decrease. The percentage of invoices not paid within agreed terms has generally increased over the years.
Volatility Analysis
The average time taken to pay invoices has been relatively stable, with only a few significant changes over the years. The percentage of invoices paid within 30 days has shown the most volatility, with a significant decrease in 2020 and 2021, followed by a significant increase in 2023. The percentage of invoices paid between 31 and 60 days has also shown some volatility, with a significant increase in 2022 and a decrease in 2023. The percentage of invoices paid later than 60 days has been relatively stable, with only small fluctuations. The percentage of invoices not paid within agreed terms has generally shown an increasing trend with some fluctuations.
Summary Analysis
In the past three periods, there has been a general trend of STANNAH STAIRLIFTS LIMITED taking longer to pay invoices, with the average time increasing from 19 days in 2018 to 30 days in 2023. The percentage of invoices paid within 30 days has also decreased from 97% in 2018 to 86% in 2023. However, there was a significant improvement in 2023, with the average time decreasing and the percentage of invoices paid within 30 days increasing. The worst period was in 2022, where only 50% of invoices were paid within 30 days and 43% were paid between 31 and 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Stannah Stairlifts Limited standard payment terms can be found at http://terms.stannah.co.uk/stairliftstcs.htm . Whilst the 60 day period is the standard payment terms, Stannah Stairlifts do negotiate mutually acceptable alternatives where necessary.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Payment queries are initially raised with Accounts Payable team. If any issues require escalation they are passed to senior managers for resolution. Queries should be emailed direct to accountspayable@stannah.co.uk in the first instance
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available