AIRSPRUNG FURNITURE LIMITED
Company Details
Registration Number
01503406
Registered Address
Canal Road Industrial Estate Trowbridge Wiltshire BA14 8RL
Company Status
Active
Employee Count
301
Turnover
£28,978,000
EBITDA
£6,987,000
Additional Information
Website
hushabyebeds.co.uk/Company Type
Private limited Company
Incorporated on
20 June 1980
Nature of Business (SIC)
31030 - Manufacture of mattresses
31090 - Manufacture of other furniture
Industries
Furniture, furnishings and fixtures
Region
South WestCompany Location
Financial Overview
£4,241,000
£-3,027,000
Last Reporting Period
Filed
28 Oct 2019
Period
01 Apr 2019 - 30 Sep 2019
Payment Timing
Average Time to Pay
52 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
91 days
Payment Timeline
Not Paid Within Terms
65%
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 Apr 2019 - 30 Sep 2019 | 28 Oct 2019 | 52 | 19% | 50% | 31% | 65% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 52 | 14% | 43% | 43% | 82% |
| 01 Apr 2017 - 31 Mar 2018 | 26 Oct 2018 | 52 | 15% | 51% | 34% | 82% |
Company Summary
Airsprung Furniture Limited is a British furniture manufacturer and retailer that has been in operation for over 140 years
The company specializes in producing a wide range of high-quality mattresses, beds, and furniture for both domestic and commercial use
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes using sustainable materials in their products, such as FSC certified wood, and reducing their carbon footprint through efficient production processes
Airsprung Furniture Limited also offers a recycling service for old mattresses and furniture, promoting a circular economy and reducing waste
They have also partnered with Trees for Cities to plant trees in the UK, further demonstrating their commitment to sustainability
The company's product range includes a variety of mattresses, from traditional pocket sprung to memory foam, as well as a range of bed frames, headboards, and bedroom furniture
They also offer a bespoke service, allowing customers to customize their furniture to their specific needs and preferences
The key people at Airsprung Furniture Limited include the Managing Director, John Cowan, and the Commercial Director, Tim O'Sullivan
Together, they lead a team of dedicated employees who are committed to providing customers with high-quality, sustainable products
For more information about Airsprung Furniture Limited and their products, customers can visit their website at www.airsprung-furniture.co.uk
The registered office address is Airsprung Furniture Limited, Low Valley Road, Wombwell, Barnsley, South Yorkshire, S73 0BS, United Kingdom
Company Review
Trend Analysis
The average time taken for AIRSPRUNG FURNITURE LIMITED to pay invoices has remained consistent at 52 days over the past three periods. However, there has been a notable decrease in the percentage of invoices paid within 30 days, from 15% in the first period to 14% in the second period and 19% in the third period. This indicates a trend of slower payments to suppliers.
Volatility Analysis
The volatility of AIRSPRUNG FURNITURE LIMITED's invoice payment is relatively low, with a consistent average time of 52 days and a generally consistent percentage of invoices paid within 30 days. However, there has been some fluctuation in the percentage of invoices paid between 31 and 60 days, with a decrease from 51% in the first period to 43% in the second period, followed by an increase to 50% in the third period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard terms are 30 days end of month, however with our larger suppliers we negotiate individually tailored terms.
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
91
Dispute Resolution Process
Any invoice in dispute are held from payment until the dispute is resolved.
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?
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