GEAR4MUSIC LIMITED
Company Information
- Company Number
- 03113256
- Registered Address
- Holgate Park Drive, York, United Kingdom, YO26 4GN
- Status
- Active
- Employee Count
- 459
- Turnover
- £150,281,000
- EBITDA
- £4,359,000
Additional Details
- Website
- https://avopro.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 12 October 1995
- Nature of Business
- 47591 - Retail sale of musical instruments and scores47990 - Other retail sale not in stores, stalls or markets
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
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 Apr 2022 - 30 Sept 2022 | 13 Feb 2023 | 18 | 87% | 10% | 3% | 11% |
| 01 Apr 2020 - 30 Sept 2020 | 02 Mar 2021 | 15 | 90% | 7% | 3% | 27% |
| 01 Oct 2019 - 31 Mar 2020 | 02 Mar 2021 | 15 | 91% | 7% | 2% | 15% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 14 | 92% | 6% | 2% | 14% |
| 01 Sept 2018 - 31 Mar 2019 | 04 Oct 2019 | 14 | 89% | 8% | 3% | 20% |
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
The Group does not operate a standard code in relation to payments to suppliers. The Group agrees terms of payment with suppliers at the start of business and then makes payments in accordance with contractual and other legal obligations. For stock payment terms vary from proforma to 90 days from receipt of goods; for non-stock 30-60 days from date the invoice was received.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
All disputes are dealt with by the Finance and Purchasing teams who will contact the relevant supplier to resolve the query. On resolution, the supplier will be paid either in accordance with their payment terms or on the next payment run if payment is allready due.
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.
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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?
❌
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
GEAR4MUSIC LIMITED is a UK-based company that specializes in the sale of musical instruments and equipment. They offer a wide range of products including guitars, drums, keyboards, amps, and audio recording equipment. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
One of their sustainability programs is the use of renewable energy sources at their warehouse and head office. They have also introduced eco-friendly packaging materials for their products. In addition, GEAR4MUSIC LIMITED offers a recycling service for old and unwanted instruments and equipment, encouraging customers to dispose of them responsibly.
The company is led by CEO Andrew Wass and has a team of experienced musicians and music enthusiasts who are passionate about providing high-quality products and excellent customer service. They also work closely with well-known brands in the music industry to offer the latest and most innovative products to their customers.
Customers can easily shop online through their website, which offers a user-friendly interface and secure payment options. GEAR4MUSIC LIMITED also has a physical store in York, UK, where customers can try out instruments before making a purchase.
The registered office address for GEAR4MUSIC LIMITED is Kettlestring Lane, Clifton Moor, York, YO30 4XF. Their website, www.gear4music.com, provides detailed information on their products, services, and sustainability efforts. With their commitment to sustainability and quality products, GEAR4MUSIC LIMITED continues to be a popular choice among musicians and music enthusiasts in the UK.
