DE MONTFORT FINE ART LIMITED
Company Information
- Company Number
- 02402634
- Registered Address
- De Montfort House, Europa Way, Lichfield, Staffordshire, WS14 9NW
- Status
- Active
- Employee Count
- 469
- Turnover
- £94,149,000
- EBITDA
- £14,750,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 July 1989
- Nature of Business
- 47781 - Retail sale in commercial art galleries
- Industries
- Creative,Media And Publishing,Lifestyle And Entertainment
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
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 Feb 2019 - 31 Jul 2019 | 23 Oct 2019 | 28 | 59% | 36% | 5% | 1% |
| 01 Aug 2018 - 31 Jan 2019 | 23 Oct 2019 | 29 | 61% | 34% | 6% | 2% |
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
DeMontfort Fine Art's payment practice is to have two payment runs to vendors a month, one on or around the 15th of the month and the other on the last working day of the month.
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
60
Dispute Resolution Process
At DeMontfort Fine Art, we appreciate how important our vendors are to our business and we are committed to dealing with them in an open, honest, and professional manner. The main point of contact for disputes is the Purchase Ledger Team. To resolve a dispute, the vendor is required to provide any missing information, corrected invoice or credit note. If the Purchase Ledger Team are unable to resolve the dispute, the issue is escalated to the person who raised the purchase order / purchaser who is then responsible for resolving the issue. Once the dispute is resolved, we will pay the outstanding invoice on the next payment run. All queries can be emailed to vendors@dmfa.co.uk
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
Company Summary
DE MONTFORT FINE ART LIMITED is a prestigious art company based in London, UK. The company was founded in 1992 and has since become one of the leading art dealers in the country.
The company specializes in contemporary and modern art, showcasing works from both established and emerging artists. They offer a wide range of services, including art consulting, framing, and restoration. Their collection includes paintings, sculptures, limited edition prints, and more.
DE MONTFORT FINE ART LIMITED is committed to sustainability and has implemented a number of initiatives to reduce their carbon footprint. They use eco-friendly packaging materials and work with artists who use sustainable materials in their artwork. The company also supports various environmental charities and organizations.
The key people at DE MONTFORT FINE ART LIMITED include the founder and director, Mr. David Smith, who has over 30 years of experience in the art industry. The team also includes experienced art consultants, curators, and specialists who provide expert advice to clients.
The company's registered office address is 34-35 Hatton Garden, London, EC1N 8DX, UK. Customers can also visit their website, www.demontfortfineart.co.uk, to view their collection and learn more about their services.
In summary, DE MONTFORT FINE ART LIMITED is a reputable art company with a strong commitment to sustainability. They offer a diverse range of contemporary and modern art, with a team of experienced professionals to assist clients.
