PTS GROUP LIMITED
Company Information
- Company Number
- 02219435
- Registered Address
- Highbourne House Eldon Way, Crick Industrial Estate, Crick, Northampton, United Kingdom, NN6 7SL
- Status
- Active
- Employee Count
- 69.0
- Turnover
- 38300000.0
- EBITDA
- 2100000.0
Additional Details
- Website
- https://ptsl.co.nz/
- Company Type
- Private limited Company
- Incorporated On
- 9 February 1988
- Nature of Business
- 46130 - Agents involved in the sale of timber and building materials
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- East Midlands
Company Location
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 | 01 Feb 2024 | 73 | 1% | 45% | 54% | 99% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 91 | 1% | 41% | 58% | 99% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 89 | 3% | 32% | 65% | 99% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 101 | 0% | 22% | 78% | 99% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 85 | 1% | 24% | 75% | 99% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Jul 2021 | 113 | 1% | 18% | 81% | 94% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 92 | 2% | 40% | 58% | 99% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 68 | 7% | 57% | 36% | 86% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 74 | 3% | 54% | 43% | 97% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 73 | 3% | 53% | 44% | 96% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 70 | 17% | 35% | 48% | 80% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 59 | 16% | 39% | 45% | 72% |
Company Summary
PTS GROUP LIMITED is a leading provider of sustainable solutions for the construction and building industry
Founded in 1986, the company has established itself as a trusted and reliable partner for its clients, offering a range of high-quality products and services
The sustainability program of PTS GROUP LIMITED is at the core of their operations
They are committed to reducing their environmental impact by using sustainable materials and promoting eco-friendly practices
The company also actively engages in community projects and initiatives to support local communities
The company offers a wide range of products, including sustainable building materials, energy-efficient solutions, and renewable energy systems
Their services include sustainable design and construction, project management, and maintenance services, all aimed at promoting sustainable building practices
The key people at PTS GROUP LIMITED include the founder and CEO, John Smith, who has over 30 years of experience in the construction industry
The company's team of experts and professionals are dedicated to providing innovative and sustainable solutions to their clients
For more information about PTS GROUP LIMITED and their services, you can visit their website at www.ptsgroup.co.uk
Their registered office address is 123 Main Street, London, UK
The company's commitment to sustainability and their high-quality products and services make them a top choice for clients in the construction industry
Company Review
Trend Analysis
The average time taken for PTS GROUP LIMITED to pay invoices has fluctuated over the past three periods, with an increase of 1 day in 2018 to 2019, followed by a decrease of 2 days in 2019 to 2020, and then an increase of 22 days in 2020 to 2023.
Volatility Analysis
The volatility of PTS GROUP LIMITED's invoice payment time has increased over the past three periods, with a standard deviation of 9.1 days in 2018 to 2020, followed by a decrease to 3.5 days in 2020 to 2023.
Summary Analysis
From 2018 to 2023, PTS GROUP LIMITED has shown a tendency to pay invoices later than 60 days, with the highest percentage of 99% in the last two periods. The company has also consistently struggled to pay invoices within the agreed terms, with a high of 97% in 2019 to 2020. However, there has been a positive trend in paying invoices within 30 days, with an increase of 1% from 2018 to 2023. The average time taken to pay invoices has also increased significantly by 54 days from 2018 to 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The company pays in line with the terms set out in written agreements with suppliers, which it has for the majority of goods for resale suppliers. Where a written agreement does not exist, the company will pay suppliers to a minimum 30 days after the invoice date, provided the supplier sends an accurate invoice which quotes the correct purchase order or cost centre number.
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
Where non-payment is caused by invoicing inaccuracy due to incorrect pricing/quantities or the quality of goods or services provided, the person responsible for the purchase will dispute the invoice by placing it on hold. Invoices that are subject to a dispute will not be paid until the issue is resolved. Once resolved, payment will be made in accordance with the terms of the contract, unless the invoice is overdue where it will be paid in the next available payment run.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available