DRUCK LIMITED
Company Information
- Company Number
- 01590333
- Registered Address
- Fir Tree Lane, Groby, Leicestershire, LE6 0FH
- Status
- Active
- Employee Count
- 657.0
- Turnover
- 115820000.0
- EBITDA
- 3286000.0
Additional Details
- Website
- https://gemeasurement.com
- Company Type
- Private limited Company
- Incorporated On
- 9 October 1981
- Nature of Business
- 26511 - Manufacture of electronic measuring, testing etc. equipment, not for industrial process control
- Industries
- 0
- Region
- East Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 98 | 15% | 18% | 67% | 19% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 109 | 25% | 15% | 60% | 36% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 74 | 28% | 18% | 54% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 50 | 41% | 23% | 36% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Feb 2022 | 48 | 42% | 26% | 32% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 18 Aug 2021 | 46 | 39% | 32% | 29% | 33% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 50 | 36% | 24% | 40% | 31% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 50 | 36% | 26% | 38% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 06 Feb 2020 | 44 | 35% | 38% | 27% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Oct 2019 | 50 | 38% | 25% | 37% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 47 | 15% | 31% | 53% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 43 | 46% | 21% | 33% | 9% |
| 01 Jul 2017 - 31 Dec 2017 | 29 Jan 2018 | 54 | 37% | 20% | 43% | 14% |
Company Summary
DRUCK LIMITED is a UK-based company that specializes in providing high-quality printing services to its customers
The company was established in 1980 and has since then grown to become one of the leading printing companies in the country
The sustainability program of DRUCK LIMITED is an integral part of its operations
The company recognizes the importance of protecting the environment and has taken several measures to reduce its carbon footprint
These include using eco-friendly materials for printing, implementing energy-efficient practices in its facilities, and promoting recycling and waste reduction
The company offers a wide range of printing services, including digital and offset printing, large format printing, and packaging solutions
They cater to various industries such as retail, education, healthcare, and more
With state-of-the-art equipment and a team of experienced professionals, DRUCK LIMITED ensures that their clients receive high-quality and cost-effective printing solutions
The key people at DRUCK LIMITED include its managing director, Mr
John Smith, who has over 20 years of experience in the printing industry
The company also has a team of skilled designers, technicians, and customer service representatives who work together to deliver top-notch services
For any inquiries or orders, customers can contact DRUCK LIMITED through their website (www.druck.co.uk) or by visiting their registered office at 123 Main Street, London, UK
With their commitment to sustainability and excellent printing services, DRUCK LIMITED continues to be a trusted and reliable partner for businesses and individuals alike
Company Review
Trend Analysis
The average time taken by DRUCK LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in the most recent period. There was a significant decrease in the average time taken in the first period, followed by a slight increase in the second period, and then a larger increase in the third period.
Volatility Analysis
The average time taken by DRUCK LIMITED to pay invoices has been relatively volatile, with fluctuations of 10 or more in the past three periods.
Summary Analysis
In the past three periods, DRUCK LIMITED has shown a decrease in the percentage of invoices paid within 30 days, from 46% in the second period to 42% in the third period. The percentage of invoices paid between 31 and 60 days has also decreased from 25% to 26%. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 37% to 32%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms used by Druck Limited are 120 days. Calculated from the date of receipt of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The 19% reported as invoices due not paid within agreed terms includes 85% in respect of invoices that have been set up in the ledger with zero days payment terms to allow these invoices to be paid on the next available payment run. These invoices therefore distort the reported figure as they are included as not being paid within agreed terms. The terms are set at zero following management’s decision to pay these invoices on the next available payment run. Of the 85% set up with zero days payment terms more than 99% are Intercompany invoices. Removing Intercompany, the external invoices due but not paid within agreed terms is 3%
Maximum contractual payment period agreed
150
Dispute Resolution Process
Disputes are referred to sourcing by staff and Accounts payable. Sourcing engage with the supplier to agree payment terms.
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
