ALTRAD ENGINEERING SERVICES LIMITED
Company Information
- Company Number
- 02887096
- Registered Address
- 6-7 Lyncastle Way Barleycastle Lane, Appleton, Warrington, England, WA4 4ST
- Status
- Active
- Employee Count
- 0
- Turnover
- £44,235,000
- EBITDA
- £1,122,000
Additional Details
- Website
- https://altrad.com
- Company Type
- Private limited Company
- Incorporated On
- 12 January 1994
- Nature of Business
- 25990 - Manufacture of other fabricated metal products not elsewhere classified33190 - Repair of other equipment33200 - Installation of industrial machinery and equipment
- Industries
- Supply Chain, Manufacturing And Commerce Models
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for ALTRAD ENGINEERING SERVICES LIMITED in terms of average time to pay invoices has fluctuated over the past three periods. In the first period (2018-01-01 to 2018-06-30), the average time to pay was 91 days. It then increased in the second period (2018-09-01 to 2019-02-28) to 112 days, before decreasing in the third period (2019-03-01 to 2019-08-31) to 84 days. However, in the most recent period (2022-09-01 to 2023-08-31), the average time to pay has increased to 68 days.
Volatility Analysis
The volatility for ALTRAD ENGINEERING SERVICES LIMITED in terms of average time to pay invoices has been relatively high, with changes of 21 days, 28 days, and 56 days between the first and second, second and third, and third and fourth periods, respectively. This indicates a lack of consistency in the company's payment practices.
Summary Analysis
Overall, there has been a gradual decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days, indicating potential cash flow and payment issues for ALTRAD ENGINEERING SERVICES LIMITED. The company also has a recurring issue with not meeting agreed payment terms, with consistently high percentages of invoices not paid within agreed terms. The company's average time to pay invoices has fluctuated over the past three periods, with a lack of consistency and relatively high volatility.
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 Mar 2023 - 31 Aug 2023 | 19 Sept 2023 | 68 | 8% | 31% | 61% | 23% |
| 01 Sept 2022 - 28 Feb 2023 | 07 Mar 2023 | 66 | 8% | 35% | 57% | 29% |
| 01 Mar 2022 - 31 Aug 2022 | 15 Sept 2022 | 60 | 13% | 45% | 42% | 39% |
| 01 Sept 2021 - 28 Feb 2022 | 21 Mar 2022 | 58 | 12% | 53% | 35% | 30% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 58 | 12% | 52% | 36% | 37% |
| 01 Sept 2020 - 28 Feb 2021 | 26 Mar 2021 | 61 | 12% | 50% | 38% | 34% |
| 01 Mar 2020 - 31 Aug 2020 | 15 Oct 2020 | 56 | 15% | 56% | 29% | 49% |
| 01 Sept 2019 - 29 Feb 2020 | 30 Mar 2020 | 28 | 25% | 49% | 26% | 41% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 84 | 16% | 33% | 51% | 67% |
| 01 Sept 2018 - 28 Feb 2019 | 28 Mar 2019 | 112 | 15% | 6% | 79% | 93% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 91 | 11% | 9% | 80% | 66% |
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
60 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
91
Dispute Resolution Process
A detailed dispute resolution process is included in our standard company terms and conditions along with a statement of entitlement to statutory adjudication and arbitration to allow for resolution of disputes
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
ALTRAD ENGINEERING SERVICES LIMITED is a UK-based company that specializes in providing engineering services to various industries. The company was founded in 2007 and has since expanded its operations to become a leading provider of engineering solutions.
The company's sustainability program focuses on reducing its carbon footprint and promoting sustainable practices within its operations. This includes implementing energy-efficient measures, reducing waste, and using environmentally friendly materials.
ALTRAD ENGINEERING SERVICES LIMITED offers a wide range of products and services, including engineering consulting, project management, installation, maintenance, and repair services. They also provide specialized services such as scaffolding, insulation, and painting for industrial facilities.
The key people at ALTRAD ENGINEERING SERVICES LIMITED include its CEO, Mr. Ian Nash, and its Managing Director, Mr. Gareth Jones. Both have extensive experience in the engineering industry and are committed to driving the company's growth and success.
The company can be contacted through their website, which provides detailed information about their services and projects. Their registered office address is located at Unit 1, Landsdowne Court, Gloucester Business Park, Gloucester, GL3 4AH, United Kingdom.
In conclusion, ALTRAD ENGINEERING SERVICES LIMITED is a reputable company that offers sustainable engineering solutions to various industries. With their experienced team and commitment to sustainability, the company continues to make a positive impact in the engineering sector.
