BOSCH THERMOTECHNOLOGY LTD
Company Information
- Company Number
- 01993294
- Registered Address
- Cotswold Way, Warndon, Worcester, WR4 9SW
- Status
- Active
- Employee Count
- 1804.0
- Turnover
- 521300000.0
- EBITDA
- 105000000.0
Additional Details
- Website
- https://bbt-uk.com/
- Company Type
- Private limited Company
- Incorporated On
- 27 February 1986
- Nature of Business
- 25210 - Manufacture of central heating radiators and boilers
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- West 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 | 30 Jan 2024 | 42 | 30% | 50% | 20% | 33% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 40 | 36% | 46% | 17% | 56% |
| 01 Jul 2022 - 31 Dec 2022 | 11 Jan 2023 | 33 | 63% | 31% | 6% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 34 | 63% | 31% | 6% | 27% |
| 01 Jul 2021 - 31 Dec 2021 | 13 Jan 2022 | 34 | 64% | 6% | 30% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Aug 2021 | 36 | 62% | 32% | 7% | 31% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Feb 2021 | 32 | 68% | 26% | 5% | 42% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 36 | 60% | 7% | 33% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 35 | 67% | 26% | 7% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 34 | 66% | 27% | 7% | 34% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 33 | 68% | 6% | 26% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 15 | 58% | 20% | 22% | 36% |
Company Summary
BOSCH THERMOTECHNOLOGY LTD is a leading company in the heating and cooling industry, providing innovative and sustainable solutions to their customers
They are committed to sustainability and have implemented various initiatives to reduce their environmental impact
Their product range includes energy-efficient boilers, heat pumps, solar thermal systems, and smart thermostats, all designed to reduce energy consumption and carbon emissions
They also offer services such as installation, maintenance, and repair for their products
The company's sustainability program includes using renewable energy sources in their production processes, promoting energy-efficient products, and implementing waste reduction measures
They also have a target to reduce their carbon footprint by 20% by 2025
The key people at BOSCH THERMOTECHNOLOGY LTD include the Managing Director, Dr
Michael Heuser, and the Head of Sustainability, Dr
Volkmar Denner
They lead a team of dedicated employees who are committed to driving the company's sustainability efforts
Customers can contact BOSCH THERMOTECHNOLOGY LTD through their website, where they can find information about their products and services, as well as their sustainability initiatives
The company's registered office address is at Broadwater Park, North Orbital Road, Denham, Uxbridge, UB9 5HJ
In conclusion, BOSCH THERMOTECHNOLOGY LTD is a company that prioritizes sustainability in their operations and offers a range of energy-efficient products and services
With their dedicated team and commitment to reducing their environmental impact, they continue to be a leader in the heating and cooling industry
Company Review
Trend Analysis
The trend for BOSCH THERMOTECHNOLOGY LTD from 2018-2023 shows an increase in their average time to pay invoices, with a peak of 42 days in the last period. This is a significant increase from their starting period in 2018, which had an average of 15 days to pay. Additionally, there is a trend of paying a higher percentage of invoices within 30 days, with a peak of 68% in 2020. However, there is also an increase in the percentage of invoices paid later than 60 days, which reached a high of 33% in 2020. Overall, there is a trend of paying invoices later and not within agreed terms.
Volatility Analysis
The volatility for BOSCH THERMOTECHNOLOGY LTD from 2018-2023 shows fluctuations in their average time to pay, with a high of 42 days in 2023 and a low of 15 days in 2018. There is also volatility in the percentage of invoices paid within 30 days, with a peak of 68% in 2020 and a low of 30% in 2018. The percentage of invoices paid between 31 and 60 days also shows volatility, with a high of 50% in 2023 and a low of 6% in 2018. The percentage of invoices paid later than 60 days also fluctuates, with a high of 33% in 2020 and a low of 5% in 2020. Overall, there is a fluctuation in the company's payment behavior, with some periods showing improvement while others show a decline.
Summary Analysis
From 2018-2023, BOSCH THERMOTECHNOLOGY LTD has shown a trend of paying invoices later and not within agreed terms. Their average time to pay has increased from 15 days in 2018 to 42 days in 2023. However, there is also a trend of paying a higher percentage of invoices within 30 days, with a peak of 68% in 2020. The percentage of invoices paid between 31 and 60 days also shows a trend of improvement, with a high of 50% in 2023. The worst period for the company was in 2020 when the percentage of invoices paid later than 60 days reached a high of 33%. There has also been volatility in the company's payment behavior, with some periods showing improvement while others show a decline. It is important for the company to address their trend of paying invoices later and not within agreed terms to maintain good relationships with their suppliers.
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 date of receipt
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
service level 5 days to respond to queries received by AP team. Escalation possible to AP management
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
