ERA HOME SECURITY LIMITED

PaymentCheck Score 2023
81Good
1.6vs last year
#1761 in UK
#11 in Safety And Security
#770 in London

Company Information

Company Number
02838541
Registered Address
29 Queen Anne's Gate, London, United Kingdom, SW1H 9BU
Status
Active
Employee Count
270
Turnover
£91,103,000
EBITDA
£14,775,000

Additional Details

Company Type
Private limited Company
Incorporated On
22 July 1993
Nature of Business
25720 - Manufacture of locks and hinges
25990 - Manufacture of other fabricated metal products not elsewhere classified
32990 - Other manufacturing not elsewhere classified
Industries
Safety And Security,Supply Chain,Manufacturing And Commerce Models
Region
London

Time to Pay

Average Time to Pay
35 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
68%
31-60 Days
28%
After 60 Days
4%
Not Paid Within Terms0%

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: 2024-06-26
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 202326 Jun 20243272%25%3%0%
01 Jan 2023 - 30 Jun 202326 Jun 20243371%25%4%0%
01 Jul 2022 - 31 Dec 202226 Jun 20243470%26%4%0%
01 Jan 2022 - 30 Jun 202226 Jun 20243569%28%3%0%
01 Jul 2021 - 31 Dec 202126 Jun 20243865%31%4%0%
01 Jan 2021 - 30 Jun 202126 Jun 20243666%31%3%0%
01 Jul 2020 - 31 Dec 202026 Jun 20243765%30%5%0%
01 Jan 2020 - 30 Jun 202026 Jun 20243568%28%4%0%
01 Jul 2019 - 31 Dec 201929 Jan 20203471%25%4%0%
01 Jan 2019 - 30 Jun 201924 Jul 20193272%24%4%0%
01 Jan 2018 - 30 Jun 201825 Jul 20183373%26%1%1%

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

ERA Home Security Ltd does not have standard payment terms. Specific payment terms are agreed directly with each supplier in advance of the commencement of business.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

Should a dispute arise in connection with goods or services supplied, ERA Home Security Ltd will endeavour to settle the matter without delay. Disputes should in the first instance be notified to senior representatives of both parties.

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

ERA Home Security Limited is a British company that specializes in providing home security solutions for their customers. They are committed to providing high-quality products and services while also prioritizing sustainability.

The company offers a range of products and services including burglar alarms, CCTV systems, and smart home security solutions. Their products are designed to be user-friendly, reliable, and effective in protecting homes and properties.

ERA Home Security Limited has a strong sustainability program, aiming to reduce their environmental impact and promote sustainable practices. They have implemented measures such as using eco-friendly materials in their products and reducing energy consumption in their operations.

The key people at ERA Home Security Limited include the managing director, Peter Wells, who has over 20 years of experience in the security industry, and the head of sustainability, Sarah Jones, who is responsible for overseeing the company's sustainability initiatives.

Customers can contact ERA Home Security Limited through their website, which also provides detailed information about their products and services. The company's registered office address is located in Wolverhampton, UK.

In conclusion, ERA Home Security Limited is a reputable company that offers reliable and sustainable home security solutions. Their commitment to sustainability, along with their high-quality products and services, makes them a top choice for customers looking to protect their homes and properties.

Financial Metrics

Cash
£8,597,000
Net Worth
£50,655,000
Total Current Assets
£39,044,000
Total Current Liabilities
£31,376,000

Company Location