ALTECNIC LIMITED
Company Information
- Company Number
- 02095101
- Registered Address
- Altecnic, Mustang Drive, Stafford, Staffordshire, ST16 1GW
- Status
- Active
- Employee Count
- 113
- Turnover
- £54,824,000
- EBITDA
- £4,135,000
Additional Details
- Website
- https://www.altecnic.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 30 January 1987
- Nature of Business
- 46740 - Wholesale of hardware, plumbing and heating equipment and supplies
- Industries
- Property, Infrastructure And Construction, Supply Chain, Manufacturing And Commerce Models
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 16 Dec 2024 | 42 | 21% | 34% | 45% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Nov 2023 | 43 | 23% | 30% | 47% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jan 2023 | 55 | 21% | 32% | 47% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2023 | 63 | 24% | 29% | 47% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Feb 2022 | 70 | 13% | 31% | 56% | 17% |
| 01 Jan 2020 - 31 Dec 2020 | 22 Mar 2021 | 70 | 15% | 33% | 52% | 17% |
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 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
120
Dispute Resolution Process
if there is a dispute we request a credit note, if one is not received before payment is due we raise a debit note rather than not pay the invoice
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
ALTECNIC LIMITED is a UK-based company that specializes in the design, manufacture, and distribution of sustainable heating and cooling solutions. Established in 1984, the company has over 35 years of experience in the industry and has become a leading provider of innovative products and services.
As part of their sustainability program, ALTECNIC LIMITED is committed to reducing their environmental impact. They have implemented various initiatives such as reducing their carbon footprint, using sustainable materials, and promoting energy-efficient products. They also have a recycling program in place to reduce waste and promote a circular economy.
The company offers a wide range of products and services including thermal storage vessels, expansion vessels, heat exchangers, and water treatment solutions. They are known for their high-quality and innovative designs, which have been recognized with various awards and certifications.
ALTECNIC LIMITED is led by a team of experienced and knowledgeable professionals, including Managing Director, Alex Taylor, and Technical Director, Garry Blakeway. They are committed to providing excellent customer service and ensuring the delivery of sustainable solutions.
For more information on their products and services, customers can visit their website at www.altecnic.co.uk. The registered office address is ALTECNIC LIMITED, Unit 3 Station Road Industrial Estate, Station Road, Coleshill, Birmingham, B46 1HT. With their focus on sustainability and commitment to delivering high-quality products and services, ALTECNIC LIMITED continues to be a trusted and reliable choice for heating and cooling solutions.
