QUARTZELEC LTD

PaymentCheck Score 2025
38Poor
0.2vs last year
#4158 in UK
#121 in Manufacturing
#250 in West Midlands

Company Information

Company Number
02364716
Registered Address
Quartzelec Ltd Castle Mound Way, Central Park, Rugby, Warwickshire, CV23 0WB
Status
Active
Employee Count
593
Turnover
£88,593,000
EBITDA
£9,012,000

Additional Details

Company Type
Private limited Company
Incorporated On
22 March 1989
Nature of Business
25990 - Manufacture of other fabricated metal products not elsewhere classified
27110 - Manufacture of electric motors, generators and transformers
33140 - Repair of electrical equipment
43210 - Electrical installation
Industries
Manufacturing, Property, Infrastructure And Construction, Property-related Goods And Services, Safety And Security, Supply Chain, Manufacturing And Commerce Models
Region
West Midlands

Time to Pay

Average Time to Pay
64 days
Shortest Period:70 days
Longest Period:101 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
13%
31-60 Days
25%
After 60 Days
62%
Not Paid Within Terms12%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-04-08
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2025 - 30 Sept 202529 Oct 20256114%27%59%11%
01 Oct 2024 - 31 Mar 202508 Apr 20256413%25%62%12%
01 Oct 2023 - 31 Mar 202416 Apr 20246115%23%62%13%
01 Apr 2023 - 30 Sept 202318 Oct 20236114%25%61%11%
01 Apr 2022 - 30 Sept 202212 Oct 20226412%26%62%12%
01 Oct 2021 - 31 Mar 202214 Apr 20226410%24%66%11%
01 Apr 2021 - 30 Sept 202115 Oct 2021695%26%69%11%
01 Oct 2020 - 31 Mar 202126 Apr 20216811%22%67%12%
01 Apr 2019 - 30 Sept 201925 Oct 2019677%26%67%9%

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

Unless otherwise agreed in writing, payment terms shall be 60 days plus 10 from end of month in which a valid, complete and correct invoice is received showing our order number, description of the goods provided and includes a copy of the relevant goods delivery note(s)

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

Disputes should be referred in the first instance to the originator of the purchase order. Should the dispute not be satisfactorily resolved it should be referred to the Group Purchasing Manager. The company aims to resolve any dispute which may arise in a timely manner.

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

QUARTZELEC LTD is a British company that specializes in the design, supply, installation, and maintenance of electrical and mechanical systems. The company was founded in 1979 and is headquartered in Bedford, England.

Sustainability is an integral part of QUARTZELEC's operations, and the company has implemented various initiatives to reduce its environmental impact. These include using energy-efficient equipment and materials, promoting recycling and waste reduction, and investing in renewable energy sources.

QUARTZELEC's primary products and services include electrical and mechanical engineering, power generation and distribution, and control and automation systems. The company serves a wide range of industries, including oil and gas, renewable energy, transportation, and manufacturing.

The key people at QUARTZELEC LTD include Mr. David Smith, the Managing Director, and Mr. Mark Bull, the Operations Director. Both individuals have extensive experience in the industry and are committed to driving the company's success and sustainability efforts.

To contact QUARTZELEC LTD, individuals can visit their website at www.quartzelce.co.uk or reach out to their registered office located at 5a St. Martin's Way, Bedford, MK42 0LF, United Kingdom. The company also has offices in various other locations, including Scotland, Wales, and Northern Ireland, making it easily accessible to clients throughout the UK.

In summary, QUARTZELEC LTD is a reputable company that prioritizes sustainability and offers a wide range of high-quality products and services in the electrical and mechanical engineering industry. With its experienced team and commitment to sustainability, the company continues to be a leader in its field.

Financial Metrics

Cash
£9,954,000
Net Worth
£16,348,000
Total Current Assets
£35,245,000
Total Current Liabilities
£22,281,000

Company Location