WABTEC UK LIMITED
Company Information
- Company Number
- 02923485
- Registered Address
- Doncaster Works, Hexthorpe Road, Doncaster, South Yorkshire, United Kingdom, DN4 0BF
- Status
- Active
- Employee Count
- 1496.0
- Turnover
- 239688000.0
- EBITDA
- 179187000.0
Additional Details
- Website
- https://meg.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 27 April 1994
- Nature of Business
- 25620 - Machining$27900 - Manufacture of other electrical equipment$28990 - Manufacture of other special-purpose machinery not elsewhere classified$33170 - Repair and maintenance of other transport equipment not elsewhere classified
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- Yorkshire and The Humber
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 | 59 | 16% | 41% | 43% | 54% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 66 | 12% | 39% | 49% | 61% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 67 | 14% | 37% | 49% | 68% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 62 | 15% | 41% | 44% | 63% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 69 | 11% | 37% | 52% | 57% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 67 | 8% | 40% | 52% | 62% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 67 | 22% | 42% | 36% | 33% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 64 | 13% | 39% | 48% | 57% |
Company Summary
WABTEC UK LIMITED is a leading provider of rail and industrial products and services in the United Kingdom
The company is committed to sustainability and has implemented various measures to reduce its environmental impact
Their sustainability program includes initiatives such as energy-efficient manufacturing processes, waste reduction, and the use of sustainable materials in their products
They also have a strong focus on employee health and safety, as well as community engagement and support
WABTEC UK LIMITED offers a wide range of products and services, including locomotive components, braking systems, and train control systems
They also provide maintenance, repair, and overhaul services for rail and industrial equipment
The key people at WABTEC UK LIMITED include the Managing Director, Paul Markwell, and the Director of Operations, Peter Aston
The company has a team of skilled engineers, technicians, and support staff who are dedicated to providing high-quality products and services to their customers
For more information on their products and services, as well as their sustainability efforts, interested individuals can visit their website at https://www.wabtec.com/uk
The registered office address for WABTEC UK LIMITED is Unit 5, Waterloo Industrial Estate, Waterloo Road, Wolverhampton, West Midlands, WV1 4XB
Company Review
Trend Analysis
The average time taken for WABTEC UK LIMITED to pay invoices has remained relatively constant over the past three periods, with a slight decrease in 2023 compared to 2021. The percentage of invoices paid within 30 days has also remained consistent, with a slight increase in 2023. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 36% in 2020 to 52% in 2023.
Volatility Analysis
The volatility of WABTEC UK LIMITED's payment behavior can be seen in the fluctuation of the percentage of invoices paid later than 60 days. This figure has ranged from 36% to 52% over the past three periods, indicating inconsistent payment practices.
Summary Analysis
From 2020 to 2023, WABTEC UK LIMITED has maintained an average time to pay of around 67 days, with a consistent percentage of invoices paid within 30 days (around 12%). However, there has been a concerning increase in the percentage of invoices paid later than 60 days, reaching 52% in 2023. This highlights the need for WABTEC UK LIMITED to improve their payment practices and pay their suppliers within agreed terms.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
It is the Company policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions. Our general standard terms are 65 days following the month in which a satisfactory invoice is submitted.
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
120
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, Wabtec UK Limited follows an established escalation process with Finance / Procurement leads who work to resolve any outstanding dispute.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
