ERIKS INDUSTRIAL SERVICES LIMITED
Company Information
- Company Number
- 03142338
- Registered Address
- Eriks, Seven Stars Road, Oldbury, West Midlands, United Kingdom, B69 4JR
- Status
- Active
- Employee Count
- 1,442
- Turnover
- £279,674,000
- EBITDA
- £5,239,000
Additional Details
- Website
- https://eriksgaskets.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 29 December 1995
- Nature of Business
- 28150 - Manufacture of bearings, gears, gearing and driving elements33140 - Repair of electrical equipment46690 - Wholesale of other machinery and equipment
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
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 Jan 2025 - 30 Jun 2025 | 01 Aug 2025 | 59 | 17% | 33% | 50% | 55% |
| 01 Jul 2024 - 31 Dec 2024 | 03 Feb 2025 | 60 | 16% | 35% | 49% | 51% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 58 | 16% | 36% | 48% | 52% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 58 | 16% | 36% | 48% | 52% |
| 01 Jan 2023 - 30 Jun 2023 | 09 Aug 2023 | 59 | 16% | 35% | 49% | 96% |
| 01 Jan 2022 - 30 Jun 2022 | 14 Jul 2022 | 59 | 16% | 34% | 50% | 96% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Feb 2022 | 60 | 14% | 36% | 50% | 96% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 60 | 13% | 35% | 52% | 87% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 60 | 14% | 36% | 50% | 95% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 58 | 14% | 39% | 47% | 96% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 58 | 14% | 36% | 50% | 96% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 58 | 16% | 36% | 48% | 97% |
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
Standard payment terms are 65 days from the end of the month, but may be shorter depending upon supplier agreements
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
65
Dispute Resolution Process
Dispute resolution relating to pricing or quantity issues are handled by the Accounts Payable Team as they are identified. Issues in respect of product quality or significant delivery delays are handled by the central procurement team or ordering department.
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
ERIKS Industrial Services Limited is a leading global supplier of industrial products and services, with a strong focus on sustainability
The company offers a wide range of products and services including power transmission, sealing technology, flow control, and engineering services.\n\nAs part of their commitment to sustainability, ERIKS Industrial Services Limited has implemented various initiatives to reduce their environmental impact
These include investing in energy-efficient equipment and technology, reducing waste and emissions, and promoting recycling and reuse.\n\nThe company's products and services are designed to help businesses improve their efficiency and reduce their carbon footprint
They offer solutions for industries such as oil and gas, food and beverage, pharmaceuticals, and renewable energy.\n\nERIKS Industrial Services Limited has a dedicated team of professionals who are experts in their respective fields
Their key people include the CEO, John Wilson, and the Managing Director, Martin Kellett
The company also has a strong network of suppliers and partners, allowing them to provide the best products and services to their clients.\n\nFor more information on ERIKS Industrial Services Limited, their website address is www.eriks.co.uk
Their registered office address is ERIKS Industrial Services Limited, Amber Way, Halesowen, West Midlands, B62 8WG, United Kingdom
Customers can also contact them through their customer service hotline at +44 (0) 121 508 6000 or by emailing sales@eriks.co.uk
