PEARSON ENGINEERING LIMITED

PaymentCheck Score 2022
59Fair
vs last year
#3517 in UK
#65 in North East

Company Information

Company Number
01876136
Registered Address
Armstrong Works, Scotswood Road, Newcastle Upon Tyne, NE15 6UX
Status
Active
Employee Count
283
Turnover
£38,275,000
EBITDA
-£939,000

Additional Details

Company Type
Private limited Company
Incorporated On
10 January 1985
Nature of Business
28990 - Manufacture of other special-purpose machinery not elsewhere classified
30400 - Manufacture of military fighting vehicles
84220 - Defence activities
Industries
Coming Soon
Region
North East

Time to Pay

Average Time to Pay
31 days
Shortest Period:15 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
15%
31-60 Days
80%
After 60 Days
5%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-07-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202228 Jul 20223115%80%5%0%
01 Jul 2021 - 31 Dec 202122 Mar 20223115%80%5%0%

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

30 days from invoice date

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

60

Dispute Resolution Process

Supplier and Projects Team discussions. We have a good relationship with our suppliers, so we rarely have issues.

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

PEARSON ENGINEERING LIMITED is a leading engineering company based in the UK. They specialize in the design, manufacture and supply of innovative products and services for the military, security and emergency response sectors.

The company is committed to sustainability and has a robust sustainability program in place. They focus on reducing their environmental impact through efficient use of resources, waste management and promoting sustainable practices within their supply chain.

PEARSON ENGINEERING LIMITED offers a wide range of products and services including armoured vehicles, mine ploughs, counter-IED equipment, and bridge laying systems. They also provide engineering support services such as technical training and maintenance.

The company has a team of experienced and skilled professionals, led by Managing Director, Stuart Pearson, who has over 30 years of experience in the engineering industry. Their team is dedicated to delivering high-quality products and services to their customers.

For further information on their products and services, customers can visit their website at www.pearson-eng.com. The company's registered office is located in Newcastle upon Tyne, UK.

In summary, PEARSON ENGINEERING LIMITED is a reputable engineering company with a strong focus on sustainability. They offer a diverse range of products and services and are led by a team of experienced professionals. Customers can visit their website or contact them at their registered office for more information.

Financial Metrics

Cash
£5,955,000
Net Worth
£20,296,000
Total Current Assets
£33,125,000
Total Current Liabilities
£15,193,000

Company Location