UK CABLES LIMITED
Company Information
- Company Number
- 02832874
- Registered Address
- Votec House, Hambridge Lane, Newbury, Berkshire, RG14 5TN
- Status
- Active
- Employee Count
- 47.0
- Turnover
- 50840000.0
- EBITDA
- 3240000.0
Additional Details
- Website
- https://www.ukcables.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 29 June 1993
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- 0
- Region
- South East
Company Location
Loading map...
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 | 31 Jan 2024 | 61 | 27% | 42% | 31% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 60 | 27% | 43% | 30% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 51 | 30% | 45% | 25% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 54 | 30% | 45% | 25% | 15% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 53 | 31% | 44% | 25% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 53 | 30% | 43% | 27% | 17% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 53 | 30% | 43% | 27% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 74 | 26% | 43% | 31% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 58 | 22% | 43% | 35% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 55 | 26% | 43% | 31% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 60 | 23% | 40% | 37% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 57 | 23% | 43% | 34% | 23% |
Company Summary
UK CABLES LIMITED is a leading provider of high-quality cables and wires in the United Kingdom
They offer a wide range of products and services to meet the needs of various industries, including telecommunications, construction, and energy
The company is committed to sustainability and has implemented a comprehensive sustainability program to reduce their environmental impact
They have invested in eco-friendly production processes and actively promote recycling and responsible waste management
Their product range includes power cables, communication cables, and wiring accessories, all of which are manufactured with strict quality control measures to ensure durability and reliability
They also offer bespoke solutions for specific project requirements
The key people at UK CABLES LIMITED include a team of experienced engineers and technicians who are dedicated to providing excellent customer service and delivering high-quality products
The company's website provides comprehensive information on their products, services, and sustainability efforts
Their registered office address is located in London, and their website address is www.ukcables.co.uk
In summary, UK CABLES LIMITED is a reputable company in the UK that offers sustainable and high-quality cables and wires
With a strong focus on customer satisfaction and environmental responsibility, they are a reliable partner for various industries
Company Review
Trend Analysis
The data shows that the average time taken for UK CABLES LIMITED to pay invoices has fluctuated over the past three periods. In 2018, the average time to pay was 57 days, which increased to 60 days in 2019 before decreasing to 58 days in 2020. However, in 2021, the average time to pay increased to 74 days before decreasing again to 53 days in 2022 and remaining consistent in 2023.
Volatility Analysis
The data also indicates that there has been some volatility in the percentage of invoices paid within 30 days. This percentage has ranged from 23% in 2018 to 31% in 2021. Similarly, the percentage of invoices paid between 31 and 60 days has fluctuated between 40% in 2018 and 44% in 2021.
Summary Analysis
In the past three periods, UK CABLES LIMITED has seen a slight decrease in the average time taken to pay invoices, from 60 days in 2018 to 61 days in 2023. This is a positive change for the company as it means they are paying their invoices more quickly.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment Terms including any standard contractual length of time for payment of invoices and the maximum contractual payment period, any changes to standard terms, whether suppliers have been notified or consulted on these changes.
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
Debit notes are raised against invoices in dispute. These are authorised by the manager of the relevant trading location and sent to the supplier for their records. If a supplier disputes a debit note or has a payment query, they should contact the accounts payable team or the manager of the relevant trading location. Disputes should be resolved within 60 days of the supplier receiving the debit note.
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
