ANGEL SPRINGS LIMITED

Company Information

Company Number
02418453
Registered Address
Fourth Floor Abbots House, Abbey Street, Reading, Berkshire, United Kingdom, RG1 3BD
Status
Active
Employee Count
714
Turnover
£81,231,000
EBITDA
-£5,974,000

Additional Details

Company Type
Private limited Company
Incorporated On
31 August 1989
Nature of Business
56290 - Other food services
Industries
Environment, Agriculture And Waste
Region
South East

Time to Pay

Average Time to Pay
46 days
Shortest Period:30 days
Longest Period:45 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
25%
31-60 Days
36%
After 60 Days
39%
Not Paid Within Terms67%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2019-08-15
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2018 - 30 Jun 201830 Jul 20185530%40%30%30%

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

Standard contractual terms for goods and services are 45 days from end of month in which they are received.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

n/a

Maximum contractual payment period agreed

45

Dispute Resolution Process

The main point of contact for disputes is the accounts payable department, when an invoice is disputed, the supplier will receive an e mail, indicating the invoice number and reason for rejection. To resolve a dispute the supplier is required to provide any missing information or a corrected invoice. Orders should not be placed without a PO number and authorisation. The PO number is communicated to the supplier at the time of placing the order.

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

ANGEL SPRINGS LIMITED is a UK-based company that specializes in the provision of sustainable water solutions for both commercial and domestic customers. They have been in operation for over 25 years and are committed to promoting sustainable practices in their business operations.

The company offers a range of products and services including bottled water, mains-fed water coolers, and water filtration systems. These products are designed to provide high-quality drinking water while reducing plastic waste and promoting eco-friendly alternatives.

One of the key people behind ANGEL SPRINGS LIMITED is their Managing Director, John Dundon, who has over 30 years of experience in the water industry. The company also has a dedicated team of water experts who are responsible for ensuring the quality and sustainability of their products and services.

In terms of sustainability, ANGEL SPRINGS LIMITED has implemented various initiatives to reduce their environmental impact. They have a robust recycling program, use renewable energy sources in their operations, and promote responsible water usage among their customers. They are also a member of the Carbon Trust, a leading organization in promoting sustainable practices.

To further their commitment to sustainability, ANGEL SPRINGS LIMITED has partnered with various charities and organizations to support environmental causes. They also offer a "Green Plan" option for customers who are looking for a more sustainable water solution.

The company's website, angelsprings.com, provides detailed information on their products and services, as well as their sustainability efforts. Their registered office address is Angel Springs Limited, Unit 1, Angel Park, Ryder Close, Swadlincote, Derbyshire, DE11 0BZ.

In conclusion, ANGEL SPRINGS LIMITED is a leading provider of sustainable water solutions in the UK, with a strong commitment to reducing their environmental impact. Their range of products and services, along with their sustainability program, makes them a reliable and eco-friendly choice for businesses and households.

Financial Metrics

Cash
£1,081,000
Net Worth
-£40,652,000
Total Current Assets
£28,677,000
Total Current Liabilities
£21,672,000

Company Location