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
- Website
- https://hooverdirect.co.uk/
- 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
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 01 Feb 2024 | 47 | 39% | 22% | 39% | 41% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 45 | 38% | 31% | 31% | 45% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 41 | 33% | 46% | 21% | 42% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 48 | 20% | 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
