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?
❌
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 is a UK-based company that specializes in manufacturing and distributing wire joining and tensioning systems for various industries such as construction, agriculture, and viticulture. The company was founded in 1988 and is headquartered in Sheffield, England.
The company's main products include Gripple wire joiners, T-Clip wire fasteners, and Torq Tensioning Tools. These products are designed to make wire joining and tensioning faster, easier, and more efficient. They are also known for their sustainability, as they are made from high-quality materials that are recyclable and have a long lifespan, reducing waste and promoting a circular economy.
Gripple Limited is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using renewable energy sources in their manufacturing process, reducing carbon emissions, and implementing a zero waste to landfill policy. They also have a sustainability team that works towards improving the company's sustainability practices.
The company's key people include the founders, Hugh Facey and Harvey Facey, who have over 30 years of experience in the industry. They are supported by a team of dedicated employees who are committed to providing high-quality products and services to their customers.
For more information on Gripple Limited and their products, customers can visit their website at www.gripple.com. The company's registered office address is located at Gripple Limited, Waterside Road, Brightside, Sheffield, S9 2SU, United Kingdom. Overall, Gripple Limited is a leading company in the wire joining and tensioning industry, known for its innovative and sustainable products and practices.
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