SUMITOMO ELECTRIC EUROPE LIMITED
Company Information
- Company Number
- 03166149
- Registered Address
- Unit 220 Centennial Avenue, Centennial Park, Elstree Hill South, Hertfordshire, WD6 3SL
- Status
- Active
- Employee Count
- 66
- Turnover
- £145,610,000
- EBITDA
- £3,448,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 February 1996
- Nature of Business
- 46520 - Wholesale of electronic and telecommunications equipment and parts
- Industries
- Coming Soon
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for SUMITOMO ELECTRIC EUROPE LIMITED to pay invoices has remained relatively stable over the past three periods, with a slight decrease in the most recent period.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, ranging from 64% to 72%. However, there has been some volatility in the percentage of invoices paid later than 60 days, ranging from 3% to 14%.
Summary Analysis
Between April 2018 and September 2021, the average time for SUMITOMO ELECTRIC EUROPE LIMITED to pay invoices has fluctuated between 26 and 34 days. The best period for timely payments was April 2019 to September 2019, with 72% of invoices paid within 30 days and only 3% paid later than 60 days. The worst period was October 2020 to March 2021, with only 65% of invoices paid within 30 days and 14% paid later than 60 days.
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 2023 - 31 Mar 2024 | 25 Jul 2024 | 33 | 59% | 33% | 8% | 20% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 33 | 67% | 22% | 10% | 12% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Jun 2021 | 34 | 65% | 21% | 14% | 11% |
| 01 Apr 2020 - 30 Sept 2020 | 19 Oct 2020 | 28 | 70% | 23% | 7% | 13% |
| 01 Oct 2019 - 31 Mar 2020 | 16 Apr 2020 | 28 | 69% | 23% | 8% | 16% |
| 01 Apr 2019 - 30 Sept 2019 | 20 Dec 2019 | 26 | 72% | 25% | 3% | 10% |
| 01 Oct 2018 - 31 Mar 2019 | 18 Apr 2019 | 34 | 64% | 26% | 10% | 12% |
| 01 Apr 2018 - 30 Sept 2018 | 19 Oct 2018 | 32 | 64% | 25% | 11% | 9% |
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
Most common payment terms is Month-end+30 days. We also have small number of contracts with the following terms: 30 Days Net, Month-end +90 days, Advance payment
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
119
Dispute Resolution Process
For commercial purchases of goods and related services any dispute is resolved by the relevant sales department. For operating costs any queries are dealt with by Accounting team. Any disputes and complaints are dealt with immediately. If unresolved, the issue is escalated to company's management.
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
SUMITOMO ELECTRIC EUROPE LIMITED is a subsidiary of the Japanese conglomerate Sumitomo Electric Industries, Ltd. The company is headquartered in London, United Kingdom and has been in operation since 1972. They specialize in providing innovative solutions in the areas of automotive, energy, infrastructure, and electronics.
As a responsible corporate citizen, SUMITOMO ELECTRIC EUROPE LIMITED is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes promoting energy efficiency, reducing waste, and using eco-friendly materials in their products.
Their product portfolio includes a wide range of electrical and electronic components such as wiring harnesses, connectors, and sensors for the automotive industry. They also offer optical fibers, cables, and accessories for telecommunication and energy networks. In addition, they provide advanced materials for the electronics and semiconductor industries.
The company's key people include Mr. Michiaki Kamiya, who serves as the President and CEO, and Mr. Yoshito Shimoyama, who is the Managing Director.
For more information on their products and services, interested parties can visit their website at www.sei.co.uk or contact their registered office at Summit House, 170 Finchley Road, London NW3 6BP, United Kingdom. SUMITOMO ELECTRIC EUROPE LIMITED is dedicated to providing high-quality and sustainable solutions to meet the evolving needs of their customers.
