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The average time taken for IMPACT FORK TRUCKS LIMITED to pay invoices has fluctuated over the past three periods, with a slight decrease from 54 days to 50 days. The percentage of invoices paid within 30 days has also decreased from 25% to 21%, while the percentage of invoices paid between 31 and 60 days has remained relatively stable. However, the percentage of invoices paid later than 60 days has increased from 35% to 41% over the same period.
The data shows that the average time to pay for IMPACT FORK TRUCKS LIMITED has varied between a low of 46 days and a high of 54 days over the past three periods. The percentage of invoices paid within 30 days has also fluctuated between 21% and 25%, while the percentage of invoices paid later than 60 days has ranged from 35% to 44%. This indicates that there has been some volatility in the company's payment practices over the past three periods.
From Sep 2017 to Feb 2020, IMPACT FORK TRUCKS LIMITED has shown a slight decrease in the average time taken to pay invoices, from 54 days to 50 days. The percentage of invoices paid within 30 days has also decreased from 25% to 21%, while the percentage of invoices paid between 31 and 60 days has remained stable. However, there has been an increase in the percentage of invoices paid later than 60 days, from 35% to 41%. The company's shortest (or only) standard payment period has remained at 7 days throughout all periods.
| 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 Sept 2019 - 29 Feb 2020 | 04 Mar 2020 | 50 | 21% | 38% | 41% | 3% |
| 01 Mar 2019 - 31 Aug 2019 | 10 Dec 2019 | 46 | 25% | 40% | 35% | 3% |
| 01 Sept 2018 - 28 Feb 2019 | 20 Mar 2019 | 48 | 24% | 40% | 36% | 2% |
| 01 Mar 2018 - 31 Aug 2018 | 29 Nov 2018 | 48 | 22% | 44% | 35% | 2% |
| 01 Sept 2017 - 28 Feb 2018 | 13 Jul 2018 | 54 | 16% | 40% | 44% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days end of month unless otherwise agreed
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
90
Discuss directly with suppliers
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
Impact Fork Trucks Limited is a Hull-based company operating in the machinery equipment sector. According to its registered business classifications, it acts as an agent for the sale of machinery, industrial equipment, ships and aircraft, alongside wholesale supply of other machinery and equipment. It also engages in renting and leasing of machinery and equipment not otherwise classified. This suggests the company deals in forklift trucks and similar industrial equipment, handling their sale, wholesale distribution and hire rather than manufacturing them itself. The company has been incorporated since October 1990 and remains active, with its registered office in Hull, England.
Generated from the company's website and Companies House records.