SERTEC GROUP HOLDINGS LIMITED
Company Information
- Company Number
- 02957238
- Registered Address
- Wincaster House Gorsey Lane, Coleshill, Birmingham, B46 1JU
- Status
- Active
- Employee Count
- 136
- Turnover
- £10,969,000
- EBITDA
- -£1,318,000
Additional Details
- Website
- https://sertec.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 10 August 1994
- Nature of Business
- 25500 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
- Industries
- Manufacturing, Raw Materials And Intermediate Goods
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Oct 2020 - 31 Mar 2021 | 21 Sept 2021 | 61 | 32% | 27% | 41% | 54% |
| 01 Apr 2020 - 30 Sept 2020 | 21 Sept 2021 | 92 | 20% | 28% | 52% | 52% |
| 01 Oct 2019 - 31 Mar 2020 | 21 Sept 2021 | 73 | 40% | 25% | 35% | 44% |
| 01 Apr 2019 - 30 Sept 2019 | 10 Mar 2020 | 39 | 52% | 27% | 21% | 22% |
| 01 Oct 2018 - 31 Mar 2019 | 10 Mar 2020 | 56 | 37% | 25% | 38% | 48% |
| 01 Apr 2018 - 30 Sept 2018 | 10 Mar 2020 | 57 | 34% | 28% | 38% | 39% |
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
Sertec does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most common payment terms of invoices paid in the period 30 days DOI, 60 days DOI and 30 Days EOM (invoices payable on the last day of the month following) which equated to circa 45 days average and 60 Days EOM (invoices payable on the last day of the month following) which equated to circa 75 days average.
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
75
Dispute Resolution Process
Any disputes will be investigated by the accounts payable team by liaising with the supplier.
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
SERTEC GROUP HOLDINGS LIMITED is a British automotive manufacturing company that specializes in the design and production of exhaust systems and other automotive components. The company was founded in 1962 and is headquartered in Birmingham, UK.
The company's sustainability program focuses on reducing its environmental impact and promoting sustainable practices throughout its operations. This includes implementing energy-efficient processes, recycling initiatives, and using sustainable materials in its products. SERTEC also has a strong commitment to ethical and responsible business practices, with a code of conduct in place for all employees and suppliers.
SERTEC offers a range of products and services to its customers, including exhaust systems, catalytic converters, and other automotive components. The company works closely with its clients to provide innovative solutions that meet their specific needs and requirements.
The key people at SERTEC include the CEO, Neil Lloyd, and the Chairman, Paul Kelleher. Both have extensive experience in the automotive industry and are committed to driving the company's growth and success.
For more information about SERTEC and its products and services, you can visit their website at www.sertec.co.uk. The registered office address is SERTEC GROUP HOLDINGS LIMITED, 7-8 Holborn Circus, London, EC1N 2LE, United Kingdom.
