PICKERINGS EUROPE LIMITED

PaymentCheck Score 2020
31Poor
New Entry
#4627 in UK
#25 in Supply Chain
#104 in North East

Company Information

Company Number
03217853
Registered Address
Cleveland House, Norton Road, Stockton-On-Tees, England, TS20 2AQ
Status
Active
Employee Count
404
Turnover
£53,377,000
EBITDA
£5,315,000

Additional Details

Company Type
Private limited Company
Incorporated On
27 June 1996
Nature of Business
33190 - Repair of other equipment
Industries
Supply Chain, Manufacturing And Commerce Models
Region
North East

Time to Pay

Average Time to Pay
58 days
Shortest Period:30 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
14%
31-60 Days
45%
After 60 Days
41%
Not Paid Within Terms69%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2021-02-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2020 - 31 Dec 202023 Feb 20215813%54%33%68%
01 Jan 2020 - 30 Jun 202023 Feb 20215814%45%41%69%
01 Jul 2019 - 31 Dec 201927 Jan 20205527%43%30%67%
01 Jan 2019 - 30 Jun 201925 Jul 20195811%47%42%74%

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

Pickerings standard payment terms are 30 to 60 days dependent upon the supplier size and nature of supply

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

At Pickerings Lifts, our history dates back over 160 years. Today we pride ourselves on our values, which sees us working in partnership with our customers and suppliers. We therefore endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed by our dedicated accounts payable team.

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

Pickerings Europe Limited is a leading provider of sustainable and innovative solutions for temporary buildings and modular structures. The company is based in the United Kingdom and has been in operation since 1969. Their headquarters are located in Castle Donington, Derbyshire.

The company's core business is the design, manufacture, and installation of temporary buildings for a variety of sectors including construction, education, healthcare, and events. They also offer a range of modular structures, which are pre-fabricated and can be easily assembled and disassembled for temporary or permanent use.

Pickerings Europe Limited is committed to sustainability and has implemented a number of initiatives to reduce their environmental impact. This includes using sustainable materials in their products, such as timber from sustainable sources, and implementing energy-efficient practices in their manufacturing process.

The company also offers a range of eco-friendly products, such as solar-powered lighting and heating systems for their buildings, as well as rainwater harvesting systems.

The key people at Pickerings Europe Limited include the Managing Director, Mark Dolman, and the Sales Director, Neil Smith. They are supported by a team of experienced professionals who are dedicated to providing high-quality products and services to their customers.

Customers can contact Pickerings Europe Limited via their website, which provides information about their products and services, as well as their sustainability program. The company's registered office address is: Pickerings Europe Limited, Manners Avenue, Manners Industrial Estate, Ilkeston, Derbyshire, DE7 8EF.

In summary, Pickerings Europe Limited is a reputable company that offers sustainable and innovative solutions for temporary buildings and modular structures. Their commitment to sustainability, high-quality products, and experienced team make them a trusted choice for customers across various industries.

Financial Metrics

Cash
£3,377,000
Net Worth
£29,956,000
Total Current Assets
£41,799,000
Total Current Liabilities
£13,791,000

Company Location