Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for HELLER MACHINE TOOLS LIMITED to pay invoices has remained relatively consistent over the past three periods, fluctuating between 47 to 52 days. However, there has been a slight increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. This suggests that the company has improved its payment efficiency.
The volatility of HELLER MACHINE TOOLS LIMITED's payment patterns can be seen in the fluctuations of the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. However, overall, the company has maintained a consistent average time to pay and standard payment period.
Overall, HELLER MACHINE TOOLS LIMITED's average time to pay has remained consistent at around 49-52 days over the past three periods. However, there has been a slight improvement in their payment efficiency, with an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days.
| 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 2024 - 31 Dec 2024 | 04 Feb 2025 | 47 | 22% | 56% | 22% | 75% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 46 | 27% | 52% | 20% | 70% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 46 | 21% | 63% | 16% | 72% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 48 | 24% | 55% | 21% | 66% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 49 | 19% | 59% | 22% | 67% |
| 01 Jan 2022 - 30 Jun 2022 | 02 Aug 2022 | 49 | 15% | 64% | 21% | 74% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 52 | 19% | 60% | 21% | 69% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Sept 2021 | 51 | 18% | 58% | 24% | 72% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 52 | 15% | 55% | 30% | 78% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 49 | 17% | 62% | 21% | 78% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 47 | 18% | 61% | 21% | 77% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 49 | 19% | 61% | 20% | 75% |
| 31 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 50 | 18% | 62% | 20% | 75% |
| 01 Jan 2018 - 30 Jun 2018 | 11 Jul 2018 | 44 | 26% | 55% | 19% | 63% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Last day of month following month of invoice
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
Suppliers telephone, email or write to our company and the matter is dealt with internally by Accounts Department and escalated if necessary.
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
Heller Machine Tools Limited is the UK subsidiary of the German Heller Group, a manufacturer of CNC machine tools and machining centres used in sectors such as automotive, aerospace and general mechanical engineering. Its own site describes it as being integrated into a UK manufacturing facility based in Redditch, from which it supplies and supports Heller's range of 4-axis and 5-axis machining centres, automation solutions and custom production systems. The UK operation also provides aftersales services including spare parts, preventive maintenance, troubleshooting, repairs, rebuilds and training, holding around £2 million of UK-based spare parts stock to support customers across manufacturing, aerospace and automotive industries.
Generated from the company's website and Companies House records. Sources: uk.heller.biz · uk.heller.biz