RADIUS SYSTEMS LIMITED
Company Information
- Company Number
- 01585669
- Registered Address
- Radius House Berristow Lane, South Normanton, Alfreton, Derbyshire, DE55 2JJ
- Status
- Active
- Employee Count
- 345
- Turnover
- £100,725,000
- EBITDA
- £7,837,000
Additional Details
- Website
- https://radius-subterra.com/
- Company Type
- Private limited Company
- Incorporated On
- 14 September 1981
- Nature of Business
- 22290 - Manufacture of other plastic products64202 - Activities of production holding companies
- Industries
- Distribution And Delivery, Manufacturing, Raw Materials And Intermediate Goods, Supply Chain, Manufacturing And Commerce Models
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
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 |
|---|---|---|---|---|---|---|
| 29 Jun 2019 - 28 Dec 2019 | 05 Feb 2020 | 32 | 48% | 45% | 7% | 78% |
| 28 Dec 2018 - 28 Jun 2019 | 23 Oct 2019 | 42 | 45% | 39% | 16% | 86% |
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
60 days from end of month of date 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
90
Dispute Resolution Process
Queries from suppliers are submitted by email, post or telephone. The accounts payable team try to resolve any disputes immediately. If the issue cannot be resolved in this way it is passed to the procurement team who manage all significant supplier disputes. In the event of a more serious dispute the board of directors will engage directly with the supplier to resolve.
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.
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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?
❌
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
RADIUS SYSTEMS LIMITED is a leading provider of plastic piping systems and solutions for the utilities, construction, and agricultural markets. The company was founded in 1969 and is headquartered in Derbyshire, United Kingdom.
Their sustainability program is a key aspect of their business, with a focus on reducing their carbon footprint and promoting environmentally friendly practices. This includes using recycled materials in their products, implementing energy-efficient processes, and promoting a circular economy.
Their products and services range from polyethylene pipes and fittings for gas and water distribution to cable protection and drainage systems. They also offer a range of innovative solutions for renewable energy, such as solar panel mounting systems and ground source heating pipes.
The company's key people include CEO John Taylor, who has over 30 years of experience in the plastic piping industry, and Director of Sustainability, Dr. Stuart Patrick, who leads the company's sustainability efforts.
For more information on their products and services, customers can visit their website at www.radius-systems.com. The company's registered office address is Radius House, Berristow Lane, South Normanton, Derbyshire, DE55 2JJ, United Kingdom.
