HOOVER LIMITED

Company Information

Company Number
02521528
Registered Address
302 Bridgewater Place, Birchwood, Warrington, England, WA3 6XG
Status
Active
Employee Count
604.0
Turnover
280247000.0
EBITDA
-16958000.0

Additional Details

Company Type
Private limited Company
Incorporated On
12 July 1990
Nature of Business
27510 - Manufacture of electric domestic appliances$46439 - Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them)
Industries
Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
Region
North West

Company Location

Google
Map data ©2025
Map data ©2025

Financial Metrics

Cash
£22,981,000.00
Net Worth
-£24,014,000.00
Total Current Assets
£112,345,000.00
Total Current Liabilities
£85,687,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-02-01

Time to Pay

Average Time to Pay
47 days
Shortest Period:60 days
Longest Period:120 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
39%
31-60 Days
22%
After 60 Days
39%
Not Paid Within Terms41%

Payment Features

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

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022015304560

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022015304560

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202301 Feb 20244739%22%39%41%
01 Jan 2023 - 30 Jun 202301 Aug 20234538%31%31%45%
01 Jul 2022 - 31 Dec 202231 Jan 20234133%46%21%42%
01 Jan 2022 - 30 Jun 202229 Jul 20224820%52%28%39%

Company Summary

Hoover Limited is a British company that specializes in the manufacturing and distribution of household appliances

The company was founded in 1919 and has established itself as a leading brand in the industry

The company's sustainability program focuses on reducing its environmental impact through various initiatives such as energy efficiency, waste reduction, and responsible sourcing

Hoover Limited also offers a range of eco-friendly products, including vacuum cleaners with low energy consumption and washing machines with water-saving features

One of the key people behind the company's success is CEO Simon Barrett, who joined Hoover Limited in 2018 and has been leading the company towards sustainable growth

The company also has a team of dedicated employees who work towards achieving its goals and maintaining its reputation as a responsible and ethical brand

Hoover Limited's product range includes vacuum cleaners, washing machines, dryers, dishwashers, and other small appliances

The company is known for its innovative and high-quality products that cater to the needs of modern households

For any inquiries or support, customers can contact Hoover Limited through their website, which is equipped with a live chat feature and a customer service hotline

The company's registered office address is located in Merthyr Tydfil, Wales

In conclusion, Hoover Limited is a well-established company in the UK that not only offers a wide range of household appliances but also prioritizes sustainability in its operations and products

With a dedicated team and strong leadership, the company continues to grow and serve its customers with the highest standards of quality and responsibility

Company Review

Trend Analysis

The average time taken for HOOVER LIMITED to pay invoices increased from 48 days in the first period to 47 days in the fourth period. However, there was a slight decrease in the second period (41 days) before increasing again in the third period (45 days).

Volatility Analysis

The % Invoices paid within 30 days for HOOVER LIMITED fluctuated between 33% and 20% over the four periods, with the highest percentage in the second period and the lowest in the first and fourth periods. The % Invoices paid between 31 and 60 days also varied, with the highest percentage in the first period and the lowest in the third period. The % Invoices paid later than 60 days showed a consistent increase over the four periods, with the highest percentage in the fourth period (39%) compared to the lowest in the second period (21%).

Summary Analysis

HOOVER LIMITED has shown a trend of taking longer to pay invoices over the four periods, with an average time to pay of 48 days in the first period and 47 days in the fourth period. However, there was a slight improvement in the second period, with an average time to pay of 41 days. The percentage of invoices paid within 30 days varied between 20% and 33%, with the lowest percentage in the first and fourth periods. The percentage of invoices paid between 31 and 60 days also varied, with the highest percentage in the first period and the lowest in the third period. The percentage of invoices paid later than 60 days consistently increased, with the highest percentage in the fourth period (39%). The shortest (or only) standard payment period for HOOVER LIMITED remained at 60 days throughout all four periods.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

60 days end of month

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

120

Dispute Resolution Process

Accounts payable team manage a dedicated email box for vendor queries. If the accounts payable team is not able to resolve, the query the will follow up with the relevant internal department who has purchased or is responsible for the product/service ordered.

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

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