GE CAPITAL EUROPE LIMITED

PaymentCheck Score 2021
77Good
30.8vs last year
#2218 in UK
#146 in North West

Company Information

Company Number
02544202
Registered Address
3rd Floor 1 Ashley Road, Altrincham, Cheshire, United Kingdom, WA14 2DT
Status
Active
Employee Count
133
Turnover
£31,944,000
EBITDA
£1,023,000

Additional Details

Company Type
Private limited Company
Incorporated On
28 September 1990
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Coming Soon
Region
North West

Time to Pay

Average Time to Pay
17 days
Shortest Period:90 days
Longest Period:120 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
83%
31-60 Days
1%
After 60 Days
16%
Not Paid Within Terms62%

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: 2022-01-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2021 - 30 Jun 202130 Jul 20212282%2%16%59%
01 Jan 2020 - 30 Jun 202029 Jul 20205639%21%40%47%
01 Jul 2019 - 31 Dec 201928 Jan 20205745%13%42%51%
01 Jan 2019 - 30 Jun 201925 Jul 20192380%4%16%19%
01 Jul 2018 - 31 Dec 201830 Jan 20192278%9%13%24%
01 Jan 2018 - 30 Jun 201826 Jul 20184055%23%23%49%

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

90 days applies to UK domestic suppliers

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 are referred to sourcing by staff and Accounts payable. Sourcing engage with the supplier to agree payment terms

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

GE Capital Europe Limited is a subsidiary of the American multinational conglomerate, General Electric (GE). The company offers a wide range of financial services and products to businesses and individuals across Europe. With a strong focus on sustainability, GE Capital Europe Limited is committed to creating long-term value for its customers, employees, and communities.

The company's sustainability program is centered around three key pillars - responsible operations, responsible products, and responsible people. They have set ambitious goals to reduce their carbon footprint, increase energy efficiency, and decrease water usage. GE Capital Europe Limited also invests in renewable energy projects and supports initiatives for sustainable development.

One of the company's main products is financing solutions for businesses, including equipment and vehicle leasing, working capital loans, and asset-based lending. They also offer insurance and risk management services to help businesses protect their assets. For individuals, GE Capital Europe Limited provides personal loans, credit cards, and savings accounts.

The key people at GE Capital Europe Limited include its Chairman and CEO, Richard Laxer, and its President and CEO, Keith Sherin. With a dedicated team of professionals, the company strives to deliver innovative and sustainable financial solutions to its customers.

The contact information for GE Capital Europe Limited is as follows: Website: www.gecapitaleurope.com Registered Office Address: 1-3 Strand, London WC2N 5JR, United Kingdom.

Financial Metrics

Cash
£194,000
Net Worth
£21,585,000
Total Current Assets
£64,279,000
Total Current Liabilities
£42,420,000

Company Location