The data for GRIPPLE LIMITED shows a general trend of increasing time taken to pay invoices, with a slight decrease in the first half of 2019. The percentage of invoices paid within 30 days has decreased consistently over the years, while the percentage of invoices paid later than 60 days has increased.
The data for GRIPPLE LIMITED shows a high level of volatility, with significant changes in the average time to pay and the percentages of invoices paid within different time frames.
| 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 2022 - 30 Jun 2022 | 09 Aug 2022 | 62 | 15% | 33% | 52% | 85% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Mar 2022 | 53 | 26% | 36% | 38% | 85% |
| 01 Jan 2021 - 30 Jun 2021 | 25 Mar 2022 | 50 | 33% | 36% | 31% | 76% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Mar 2022 | 50 | 30% | 39% | 31% | 73% |
| 01 Jan 2020 - 30 Jun 2020 | 25 Mar 2022 | 51 | 31% | 40% | 29% | 70% |
| 01 Jul 2019 - 31 Dec 2019 | 25 Mar 2022 | 48 | 36% | 33% | 31% | 66% |
| 01 Jan 2019 - 30 Jun 2019 | 20 Sept 2019 | 34 | 67% | 11% | 22% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 19 Jul 2019 | 0 | 0% | 0% | 0% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 52 | 34% | 39% | 27% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 DAYS EOM
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
All queries or disputes are dealt with by the Purchase Ledger department in the first instance.
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?
No information available
Gripple Limited, registered in Sheffield and incorporated in 1983, trades as Gripple. Established in 1989 as a business, it designs, manufactures and supplies wire joining and tensioning devices, along with anchoring, bracing and suspension systems. Its products serve customers in agriculture, construction, erosion control, rail and solar sectors, covering applications such as cable and pipework suspension, ground anchoring, fencing and trellising. The company describes itself as a vertically integrated manufacturer, producing components in-house before assembling finished solutions. It is wholly owned by its employees. The registered entity operates from Sheffield, with UK sales and export sales functions based at its head office.
Generated from the company's website and Companies House records. Sources: gripple.com · gripple.com