PPG REFINISH DISTRIBUTION LIMITED

PaymentCheck Score 2024
49Poor
1.1vs last year
#4462 in UK
#304 in East of England

Company Information

Company Number
01438525
Registered Address
Needham Road, Stowmarket, Suffolk, United Kingdom, IP14 2AD
Status
Active
Employee Count
74
Turnover
£35,368,000
EBITDA
£1,181,000

Additional Details

Company Type
Private limited Company
Incorporated On
19 July 1979
Nature of Business
20301 - Manufacture of paints, varnishes and similar coatings, mastics and sealants
46900 - Non-specialised wholesale trade
Industries
Distribution And Delivery, Raw Materials And Intermediate Goods
Region
East of England

Time to Pay

Average Time to Pay
51 days
Shortest Period:1 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
25%
31-60 Days
46%
After 60 Days
29%
Not Paid Within Terms9%

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: 2024-01-25
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 202410 Feb 20256923%32%45%7%
01 Jan 2024 - 30 Jun 202410 Feb 20254529%52%19%8%
01 Jul 2023 - 31 Dec 202325 Jan 20245125%46%29%9%
01 Jan 2023 - 30 Jun 202313 Jul 20235021%53%26%9%
01 Jul 2022 - 31 Dec 202226 Jan 20235121%53%26%14%
01 Jan 2022 - 30 Jun 202225 Jul 20225717%51%32%15%
01 Jul 2019 - 31 Dec 201929 Jan 20205319%53%28%29%
01 Jan 2018 - 30 Jun 201827 Jul 20186614%41%45%64%

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

All qualifying contracts can be categorised as follows; Goods For Resale – 30 days from month end (most frequently used payment term) General Purchasing – 60 days from month end (most frequently used payment term) Services – 7 days from month end (most frequently used payment term) Intercompany – 30 days from month end (most frequently used payment term) Note :- Std payment terms however do range within each category as based on individual agreements with suppliers and their payment terms.

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

90

Dispute Resolution Process

The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. Our suppliers can contact AP department via email: bbdpayables@ppg.com and should receive reply within 2 working days. These contact details can be found on the purchase orders.

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

PPG Refinish Distribution Limited is a UK-based company that operates in the automotive and industrial coatings industry. They are a subsidiary of PPG Industries, a global leader in paint and coatings.

The company's main activities include the distribution of PPG's automotive and industrial coatings, as well as providing training and support to their customers. This includes offering technical advice, color matching services, and assistance with equipment and tools.

PPG Refinish Distribution Limited places a strong emphasis on sustainability and environmental responsibility. They have implemented various sustainable practices in their operations, such as reducing waste, improving energy efficiency, and promoting the use of eco-friendly products.

Their product range includes a wide variety of coatings, including primers, clearcoats, and color formulas, designed to meet the specific needs of their customers. They also offer a range of services, such as color matching and custom formulations, to help their customers achieve the best results.

The key people at PPG Refinish Distribution Limited include managing director, David Heal, and commercial director, Andrew Howard. They are supported by a team of experienced and knowledgeable professionals who are committed to providing excellent customer service.

The company's website address is www.ppgrefinish.com and their registered office address is PPG Industries (UK) Ltd, Huddersfield Road, Birstall, Batley, West Yorkshire, WF17 9XA. Customers can contact them through their website or by phone at +44 (0)1924 354000.

Financial Metrics

Cash
£2,082,573
Net Worth
£16,354,649
Total Current Assets
£31,492,512
Total Current Liabilities
£15,065,921

Company Location