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

Google
Map data ©2025 Google
Map data ©2025 Google

Financial Metrics

Cash
£2,800,000.00
Net Worth
£120,700,000.00
Total Current Assets
£135,200,000.00
Total Current Liabilities
£55,300,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-02-01

Time to Pay

Average Time to Pay
35 days
Shortest Period:0 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
88%
31-60 Days
5%
After 60 Days
7%
Not Paid Within Terms45%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
Supply Chain Finance✗ No

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 2018020406080

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 20180255075100

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202301 Feb 20243588%5%7%45%
01 Jan 2023 - 30 Jun 202301 Sept 20236175%18%7%17%
01 Jul 2022 - 31 Dec 202231 Jan 20234760%29%11%27%
01 Jan 2022 - 30 Jun 202227 Jul 20225039%42%19%39%
01 Jul 2021 - 31 Dec 202127 Jan 20224747%38%15%28%
01 Jan 2021 - 30 Jun 202127 Jul 20214550%37%13%37%
01 Jul 2020 - 31 Dec 202029 Jan 20214147%40%13%39%
01 Jan 2020 - 30 Jun 202027 Jul 20204049%37%14%35%
01 Jul 2019 - 31 Dec 201929 Jan 20203444%40%16%50%
01 Jan 2019 - 30 Jun 201926 Jul 20194435%41%24%72%
01 Jul 2018 - 31 Dec 201828 Jan 20194933%39%28%77%
01 Jan 2018 - 30 Jun 201823 Jul 20185031%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

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