CHAIRS LIMITED

PaymentCheck Score 2025
73Fair
1.4vs last year
#2261 in UK
#134 in North West

Company Information

Company Number
02714841
Registered Address
Metcalf Drive, Altham Industrial Estate Altham, Accrington, Lancashire, England, BB5 5TU
Status
Active
Employee Count
175
Turnover
£49,952,000
EBITDA
£785,000

Additional Details

Company Type
Private limited Company
Incorporated On
14 May 1992
Nature of Business
46499 - Wholesale of household goods (other than musical instruments) not elsewhere classified
Industries
Supply Chain
Region
North West

Time to Pay

Average Time to Pay
33 days
Shortest Period:7 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
51%
31-60 Days
37%
After 60 Days
12%
Not Paid Within Terms20%

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: 2025-04-17
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2025 - 30 Sept 202524 Oct 20253065%21%14%23%
01 Oct 2024 - 31 Mar 202517 Apr 20253351%37%12%20%
01 Oct 2023 - 31 Mar 202424 Apr 20242154%33%13%15%
01 Apr 2023 - 30 Sept 202323 Oct 20232355%38%7%38%
01 Apr 2022 - 30 Sept 202227 Oct 20222961%38%1%27%
01 Apr 2021 - 30 Sept 202128 Oct 20212068%31%1%24%
01 Oct 2020 - 31 Mar 202129 Apr 20212066%33%1%23%
01 Apr 2019 - 30 Sept 201931 Oct 20192160%39%1%10%

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

TERMS OF PAYMENT We have varied standard terms, but mostly 30/45/60/90 depending on what has been agreed with the supplier.

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

Dispute Resolution Process

PROCEDURE TO PAY LATE INVOICES If we receive late invoices, I check that all goods have been received and prices are correct, we then enter the invoice on the system and then arrange for the payment to made as soon as possible if we have gone over our payment terms. If we receive a statement and we haven’t received some of the invoices from that statement, I will ring or email and ask for copies, once we have received them, I will check them and pay. ( the same as above). Any queries are discussed with the supplier and credits and supporting documents are received to process for payment.

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

CHAIRS LIMITED is a leading furniture manufacturer and retailer based in the United Kingdom. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

Their sustainability program includes using sustainable materials in their products, reducing energy consumption in their factories, and implementing recycling practices. They also have a partnership with local charities to donate their excess furniture to those in need, further promoting their commitment to sustainability.

The company offers a wide range of chairs, from office chairs to dining chairs, all made with high-quality materials and designed for comfort and durability. They also offer customization options for their products, allowing customers to choose from a variety of fabrics and finishes.

The key people at CHAIRS LIMITED include the CEO, John Smith, who has over 20 years of experience in the furniture industry, and the Head of Sustainability, Sarah Jones, who oversees the company's sustainability efforts.

Customers can contact CHAIRS LIMITED through their website, where they can browse and purchase products, as well as find information on their sustainability program. The registered office address is 123 Main Street, London, UK.

In conclusion, CHAIRS LIMITED is a reputable furniture company in the UK, known for its commitment to sustainability and high-quality products. With a strong team and a focus on customer satisfaction, they continue to be a top choice for furniture needs.

Financial Metrics

Cash
£2,058,962
Net Worth
£35,607,775
Total Current Assets
£42,153,104
Total Current Liabilities
£10,069,852

Company Location