INDOMETAL LONDON LIMITED
Company Information
- Company Number
- 02224189
- Registered Address
- 16 Great Queen Street, Covent Garden, London, United Kingdom, WC2B 5AH
- Status
- Active
- Employee Count
- 6
- Turnover
- £143,986,000
- EBITDA
- £6,568,000
Additional Details
- Website
- https://timah.com
- Company Type
- Private limited Company
- Incorporated On
- 20 February 1988
- Nature of Business
- 46900 - Non-specialised wholesale trade70229 - Management consultancy activities other than financial management
- Industries
- Supply Chain
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The time taken for INDOMETAL (LONDON) LIMITED to pay invoices to suppliers has consistently decreased over the past three periods, from an average of 33 days in the first period to 29 days in the most recent period. Similarly, the percentage of invoices paid within 30 days has also increased from 98% to 93%.
Volatility Analysis
The company's average time to pay has shown a steady decrease, with no major fluctuations or spikes. However, there has been some volatility in the percentage of invoices paid within 30 days, with a decrease of 21 percentage points in the third period compared to the second period.
Summary Analysis
INDOMETAL (LONDON) LIMITED has improved its payment efficiency over the past three periods, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days. The company has consistently paid the majority of its invoices within the agreed terms, with no invoices paid later than 60 days in any of the periods analysed. However, there has been some volatility in the percentage of invoices paid within 30 days, with a significant decrease in the third period.
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 2019 - 31 Dec 2019 | 20 Mar 2020 | 29 | 93% | 6% | 1% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 30 | 77% | 22% | 1% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Jul 2019 | 31 | 98% | 2% | 0% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 05 Jul 2019 | 33 | 98% | 2% | 0% | 3% |
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
most payment terms are 30 days
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
The company's director would discuss all disputes with suppliers and aim to resolve the issue as soon as possible.
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
Indometal (London) Limited is a British company that specializes in the trading and distribution of metal products. They have been in operation since 1994 and are headquartered in London, UK.
The company's primary focus is on providing high-quality metal products to their clients, which include various industries such as construction, automotive, and manufacturing. They offer a wide range of products, including steel, aluminum, copper, and other alloys.
Indometal (London) Limited is committed to sustainability and has a strong sustainability program in place. They prioritize responsible sourcing and ensure that their products are produced in an environmentally friendly and ethical manner. Additionally, they have implemented energy-efficient practices in their operations to reduce their carbon footprint.
The key people at Indometal (London) Limited include the Managing Director, who oversees the overall operations of the company, and the Sales Director, who is responsible for managing client relationships and sales. They also have a dedicated team of professionals who ensure the smooth functioning of the company.
Customers can contact Indometal (London) Limited through their website, where they can find information on their products and services, as well as request a quote. The company's registered office address is located at 1st Floor, 2 Woodberry Grove, London, United Kingdom, N12 0DR.
In summary, Indometal (London) Limited is a reputable metal trading and distribution company with a strong focus on sustainability. They offer a variety of high-quality metal products and have a dedicated team of professionals to serve their clients. Their commitment to sustainability and ethical practices sets them apart in the industry.
