AIRSPRUNG FURNITURE LIMITED
Company Information
- Company Number
- 01503406
- Registered Address
- Canal Road Industrial Estate, Trowbridge, Wiltshire, BA14 8RL
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 20 June 1980
- Nature of Business
- 31030 - Manufacture of mattresses31090 - Manufacture of other furniture
- Industries
- Coming Soon
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time of 52 days consistently extends beyond standard 30-day terms, with a significant 81% of payments occurring after this period. The trajectory indicates a strong tendency towards extended payment cycles, evidenced by 50% of payments in the 31-60 day range and 31% taking over 60 days. This pattern is further solidified by the high 65% late payment rate, showing a clear trend of delayed settlements.
Volatility Analysis
AIRSPRUNG FURNITURE LIMITED demonstrates low reliability for timely payments, with 65% being late and only 19% settling within 30 days. While 50% of payments fall into the 31-60 day range, the substantial 31% exceeding 60 days introduces considerable unpredictability and elevated credit risk for suppliers. This suggests a high risk of payments extending well beyond expected terms, making accurate cash flow forecasting challenging.
Summary Analysis
Suppliers should anticipate extended payment cycles averaging 52 days and a high likelihood of late payments (65%) when engaging with AIRSPRUNG FURNITURE LIMITED. Key decision factors include adjusting credit terms to accommodate longer periods, or implementing shorter payment windows with stricter enforcement to mitigate cash flow strain. It is recommended to carefully manage credit limits and factor in the increased working capital requirements due to their consistently slow payment behavior.
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 Sept 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% |
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
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 information available
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.
❌
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.
❌
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
AIRSPRUNG FURNITURE LIMITED is an active private limited company operating within the furniture sector.
Established on 20 June 1980, the company holds the registration number 01503406. Its registered office is situated at Canal Road Industrial Estate, Trowbridge, Wiltshire, BA14 8RL, placing its operations within the South West region of the UK.
Companies of this nature in the UK typically specialise in the design, manufacture, wholesale, and retail of furniture products. Their offerings often encompass a variety of items for both residential and commercial environments, including seating, storage units, tables, and beds.
