ULTRA ELECTRONICS LIMITED
Company Information
- Company Number
- 02830644
- Registered Address
- Scott House Suite 1 The Concourse, Waterloo Station, London, England, SE1 7LY
- Status
- Active
- Employee Count
- 1591.0
- Turnover
- 287300000.0
- EBITDA
- 23200000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 25 June 1993
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- Information Technology,Telecommunications And Data,Professional Services,Property,Infrastructure And Construction,Safety And Security,Software
- Region
- London
Company Location
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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 | 35 | 88% | 5% | 7% | 45% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Sept 2023 | 61 | 75% | 18% | 7% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 47 | 60% | 29% | 11% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 50 | 39% | 42% | 19% | 39% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 47 | 47% | 38% | 15% | 28% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 45 | 50% | 37% | 13% | 37% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 41 | 47% | 40% | 13% | 39% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 40 | 49% | 37% | 14% | 35% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 34 | 44% | 40% | 16% | 50% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 44 | 35% | 41% | 24% | 72% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 49 | 33% | 39% | 28% | 77% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 50 | 31% | 42% | 27% | 75% |
Company Summary
ULTRA ELECTRONICS LIMITED is a British company that specializes in providing advanced electronic systems and products for various industries, including defense, aerospace, and security
The company has a strong commitment to sustainability and is focused on developing environmentally friendly products and reducing its carbon footprint
The company's sustainability program includes initiatives such as reducing energy consumption, recycling waste materials, and implementing sustainable procurement practices
They also have a dedicated team that works towards continuously improving their sustainability efforts
ULTRA ELECTRONICS LIMITED offers a wide range of products and services, including electronic systems for communication, surveillance, and control, as well as sensors, power systems, and electronic warfare solutions
These products are used in various applications, including military and commercial aircraft, naval vessels, and land-based systems
The key people at ULTRA ELECTRONICS LIMITED include the CEO, Simon Pryce, and the Chairman, Tony Rice
They lead a team of highly skilled and experienced professionals who are committed to delivering innovative and reliable solutions to their customers
The company's registered office address is located at Greenford Business Park, Greenford, Middlesex UB6 0AL, United Kingdom
Their website address is www.ultra-electronics.com, where customers can find more information about their products and services, as well as contact details for inquiries and support
In conclusion, ULTRA ELECTRONICS LIMITED is a leading British company in the electronic systems industry, with a strong focus on sustainability
Their commitment to developing environmentally friendly products and services, along with their team of dedicated professionals, makes them a trusted and reliable partner for their customers
Company Review
Trend Analysis
The data for ULTRA ELECTRONICS LIMITED shows a consistent decrease in the average time taken to pay invoices over the past three periods. From 2018 to 2023, the average time to pay has decreased from 50 days to 35 days, showing a 30% improvement. This trend suggests that the company has become more efficient in their payment processes.
Volatility Analysis
The volatility of ULTRA ELECTRONICS LIMITED's payment patterns can be seen in the fluctuations of the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. These percentages have varied between periods, indicating that the company's payment practices are not consistent.
Summary Analysis
From 2018 to 2023, ULTRA ELECTRONICS LIMITED has shown a consistent improvement in their payment processes, with the average time to pay decreasing by 30%. This is reflected in the increase of invoices paid within 30 days and the decrease of invoices paid later than 60 days. However, the company's payment practices still show some volatility, with fluctuations in the percentages of invoices paid within different time frames.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms vary. On average, standard payment terms are 30 days.
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
60
Dispute Resolution Process
There is an escalation route to the Group Financial Controller and Group Finance Director to resolve issues.
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
