IMI PRECISION ENGINEERING LIMITED
Company Information
- Company Number
- 01687068
- Registered Address
- 4060 Lakeside Solihull Parkway, Birmingham Business Park, Birmingham, B37 7XZ
- Status
- Active
- Employee Count
- 89
- Turnover
- £355,346,000
- EBITDA
- £16,030,000
Additional Details
- Website
- https://imi-precision.com
- Company Type
- Private limited Company
- Incorporated On
- 15 December 1982
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- Coming Soon
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 24 Jul 2025 | 24 | 66% | 33% | 1% | 9% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 24 | 69% | 30% | 1% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 23 | 74% | 26% | 0% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 13 Feb 2024 | 23 | 74% | 26% | 0% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 11 Aug 2023 | 22 | 75% | 25% | 0% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 24 | 66% | 33% | 1% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 08 Aug 2022 | 24 | 67% | 33% | 0% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jul 2022 | 24 | 71% | 28% | 1% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 23 | 76% | 24% | 0% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 26 | 66% | 33% | 1% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 22 | 73% | 26% | 1% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 29 | 53% | 46% | 1% | 89% |
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
Preferred standard terms are EOM plus 60 days for 3rd Party creditors and EOM + 15 days for Intercompany creditors
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
105
Dispute Resolution Process
Dispute/Query raised by supplier. Query allocated to relevant member in Accounts Payable. Query investigated and referred to relevant department for further information. If required, supplier contacted with resolution. Action agreed with supplier.
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
IMI PRECISION ENGINEERING LIMITED is a global company that specializes in providing innovative solutions for the fluid and motion control industry. They are committed to sustainability and have a strong focus on reducing their environmental impact.
Their sustainability program includes initiatives such as reducing energy consumption, minimizing waste, and promoting the use of sustainable materials in their products. They also have a strong commitment to social responsibility, supporting local communities and promoting diversity and inclusion within their workforce.
The company offers a wide range of products and services, including valves, actuators, and air preparation equipment. These products are used in various industries such as automotive, food and beverage, and oil and gas.
Some key people in the company include their Chief Executive Officer, Roy Twite, who has been with the company since 2016, and their Chief Operating Officer, Jonathon Huddart, who has been with the company since 2009.
The company's website address is www.imi-precision.com and their registered office address is IMI Precision Engineering Limited, Lakeside, Solihull Parkway, Birmingham Business Park, Birmingham, B37 7XJ, United Kingdom.
In summary, IMI PRECISION ENGINEERING LIMITED is a leading global company in the fluid and motion control industry, with a strong commitment to sustainability and social responsibility. They offer a wide range of products and services and have key leaders who are dedicated to driving the company's success.
