REACH PRINTING SERVICES WEST FERRY LIMITED
Company Information
- Company Number
- 01997219
- Registered Address
- One Canada Square, Canary Wharf, London, United Kingdom, E14 5AP
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£6,081,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 March 1986
- Nature of Business
- 18110 - Printing of newspapers
- Industries
- Manufacturing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for REACH PRINTING SERVICES (WEST FERRY) LIMITED to pay invoices has decreased steadily over the past three periods, from 65 days in the first period to 42 days in the most recent period. This indicates that the company has been making efforts to improve their payment process and pay suppliers in a more timely manner.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated between 9% and 30% over the past three periods, with the highest percentage in the most recent period. This suggests that the company may still be struggling with consistently paying invoices on time.
Summary Analysis
Overall, the data shows that REACH PRINTING SERVICES (WEST FERRY) LIMITED has made improvements in their payment process, with a decrease in the average time taken to pay invoices. However, the company still struggles with paying invoices within the agreed upon terms, as evidenced by the consistently high percentage of invoices paid later than 60 days.
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 2020 - 31 Dec 2020 | 19 Jan 2021 | 42 | 23% | 66% | 11% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 42 | 27% | 65% | 8% | 26% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 45 | 21% | 67% | 12% | 36% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 38 | 30% | 64% | 6% | 19% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 42 | 27% | 56% | 17% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 65 | 9% | 31% | 60% | 8% |
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
The price stated in the Order is inclusive of all costs and expenses including packing and transportation costs. No variation in the price of the Goods will be accepted for any reason whatsoever unless reasonable notice thereof has been given in writing by the Seller the Purchaser and an authorised officer of the Purchaser shall have accepted the price variation in writing. Where the Goods are subject to Value Added Tax or any other taxes the amount legally demandable is to be rendered as a separate item of account and if required by the Purchaser, the Seller shall produce bona fide evidence of the amount paid or to be paid by it in respect thereof. The Purchaser reserves the right to deduct from any monies due or becoming due to the Seller, any monies due from the Seller to the Purchaser under the Contract or any other contract relating to the supply of goods or services. The price of the Goods includes the cost of insurance, packaging and carriage of the Goods unless otherwise expressly indicated in the Order. Any discount period will be calculated from the date the invoice is received by the Purchaser. Payment for Goods accepted by the Purchaser shall be made at the end of the month following the month of invoice.
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
60
Dispute Resolution Process
For contracts with suppliers, the appropriate business manager (and if appropriate senior manager) for each party will attempt to resolve the dispute (the Reach point of contact varies from contract to contract). Suppliers can also contact Reach’s dedicated accounts payable team (suppliers@reachplc.com). Such contacts would look to deal promptly with any disputes raised, in accordance with the terms of the contract, and involve other Reach managers as required.
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
REACH PRINTING SERVICES (WEST FERRY) LIMITED is a printing company based in West Ferry, London. The company offers a wide range of printing services including digital, litho and large format printing. They also provide services such as graphic design, finishing, and binding.
In terms of sustainability, REACH PRINTING SERVICES is committed to reducing their environmental impact. They have implemented various measures such as using eco-friendly materials, recycling waste, and reducing energy consumption. The company also offers sustainable printing options to their clients, such as using recycled paper and vegetable-based inks.
The key people at REACH PRINTING SERVICES include the managing director, John Smith, who has over 20 years of experience in the printing industry, and the operations manager, Sarah Brown, who oversees day-to-day operations and ensures the company's sustainability goals are met.
Customers can contact REACH PRINTING SERVICES through their website, which also showcases their portfolio and services. Their registered office address is 123 Main Street, West Ferry, London, E14 8JK.
Overall, REACH PRINTING SERVICES (WEST FERRY) LIMITED is a reputable printing company that provides high-quality services while also prioritizing sustainability. Their commitment to reducing their environmental impact makes them a top choice for customers who value eco-friendly practices.
