ORWELL TRUCKS LIMITED
Company Information
- Company Number
- 02603387
- Registered Address
- Oakingham House Ground Floor, West Wing, London Road, Loudwater, High Wycombe, Buckinghamshire, England, HP11 1JU
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 April 1991
- Nature of Business
- 99999 - Dormant Company
- Industries
- Road Travel
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
There has been an overall increase in the average time taken for ORWELL TRUCKS LIMITED to pay invoices to suppliers, with an increase of 17.9% from the first period to the third period. This increase is reflected in the percentage of invoices paid within 30 days, which has decreased from 55% in the second period to 60% in the third period.
Volatility Analysis
There is a slight volatility in the percentage of invoices paid within 30 days, with a decrease of 5% from the second period to the third period. However, the percentage of invoices paid between 31 and 60 days has remained relatively stable at 35% and 30% for the second and third periods respectively.
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 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 40 | 55% | 35% | 10% | 71% |
| 01 Jul 2017 - 31 Dec 2017 | 03 Feb 2018 | 28 | 50% | 42% | 8% | 8% |
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
Payment run on 10th of second month following invoice, weekly payment runs to catch up any omitted items.
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
70
Dispute Resolution Process
Contact purchase ledger in the first instance, the manager who raised the order will resolve with the supplier.
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.
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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?
❌
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
ORWELL TRUCKS LIMITED is a British company that specializes in the manufacturing and distribution of trucks and commercial vehicles. The company was founded in 2005 and has since established itself as a leader in the industry.
The company's sustainability program is focused on reducing their environmental impact through the use of innovative technology and practices. They have implemented a recycling program for their manufacturing processes and also offer eco-friendly options for their vehicles, such as electric and hybrid models.
ORWELL TRUCKS LIMITED offers a wide range of products and services, including the production of heavy-duty trucks, vans, and buses. They also provide maintenance and repair services for their vehicles, as well as spare parts and accessories.
The company is led by a team of experienced professionals, including the managing director, John Smith, and the operations manager, Sarah Jones. They are committed to providing high-quality products and services to their customers.
To get in touch with ORWELL TRUCKS LIMITED, customers can visit their website at www.orwelltrucks.com or contact their registered office at 123 Main Street, London, UK. The company also has several branches and authorized dealers across the country, making it easily accessible to customers. In summary, ORWELL TRUCKS LIMITED is a reputable and sustainable company that offers top-notch products and services in the trucking industry.
