OPTOMA EUROPE LTD
Company Information
- Company Number
- 03399395
- Registered Address
- 1 Bourne End Mills, Hemel Hempstead, England, HP1 2UJ
- Status
- Active
- Employee Count
- 94
- Turnover
- £76,971,000
- EBITDA
- £1,167,000
Additional Details
- Website
- https://optoma.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 7 July 1997
- Nature of Business
- 46510 - Wholesale of computers, computer peripheral equipment and software
- Industries
- Software
- Region
- East of England
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 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 44 | 39% | 38% | 23% | 34% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 43 | 35% | 48% | 17% | 40% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 45 | 35% | 42% | 23% | 57% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 48 | 32% | 41% | 27% | 60% |
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
90 days for parent company, 30 days for all other creditors.
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
90
Dispute Resolution Process
Optoma Europe Limited Supplier Payment Policy Supplier Payment Policy Unless otherwise agreed, when a purchase agreement is entered into between Optoma Europe Limited and a supplier, Optoma Europe Limited will pay the supplier within 30 days of the invoice date (the “Standard Payment Period”). If a payment cannot be fulfilled within the Standard Payment Period due to late receipt of the invoice, the supplier will be notified of the late receipt of the invoice and when the supplier can expect to receive payment. If there is a dispute relating to an invoice, Optoma Europe Limited will provide the supplier with details of the dispute prior to expiry of the Standard Payment Period. Payment Procedures Optoma Europe Limited is able to fulfil payments to suppliers by cheque, BACS or CHAPS payment. The payment procedure for each supplier will be as agreed with the relevant supplier. Supplier Disputes If a dispute arises in relation to an invoice, Optoma Europe Limited will seek to resolve the dispute within the Standard Payment Period. If this is not possible then the following process will be observed: • The supplier will be notified in writing (by email or otherwise), prior to expiry of the Standard Payment Period, that the payment will not be fulfilled within the Standard Payment Period; • The supplier will be provided with an explanation of the reason for the delay and a contact at Optoma Europe Limited who is responsible for resolving the dispute; and • Optoma Europe Limited will use reasonable endeavours to seek to resolve the dispute and make the payment as soon as a resolution has been achieved. If a supplier wishes to make a complaint regarding Optoma Europe Limited supplier payment policy and procedures or a payment dispute, the supplier should submit the complaint in writing to the Senior Management Accountant at Optoma Europe Limited in the first instance. Optoma Europe Limited will provide a written response to the complaint within 10 working days of receipt. If the supplier does not find Optoma Europe Limited initial response to the complaint satisfactory then the supplier may send further correspondence to the Chief Financial Officer at Optoma Europe Limited. Contacts: Senior Management Accountant Optoma Europe Limited E: s.radha@optoma.co.uk Chief Financial Officer Optoma Europe Limited E: p.fosh@optoma.co.uk
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
Optoma Europe Ltd is a leading manufacturer and distributor of audio-visual products and solutions in Europe. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company offers a wide range of products and services including projectors, LED displays, audio equipment, and accessories. These products are designed to meet the needs of businesses, education institutions, and home users.
Optoma Europe Ltd is led by a team of experienced professionals, including Managing Director, Richard Kowalski. The company has a dedicated customer support team that can be contacted through their website or registered office.
The sustainability program of Optoma Europe Ltd focuses on reducing carbon emissions, recycling and responsible sourcing of materials, and promoting energy-efficient products. The company also works with its suppliers to ensure ethical and sustainable practices throughout the supply chain.
In addition, Optoma Europe Ltd offers a range of eco-friendly products, such as projectors with low power consumption and long-lasting LED light sources. The company also has a recycling program for its products and packaging materials.
The website of Optoma Europe Ltd provides detailed information about their products, services, and sustainability efforts. The registered office address is Optoma Europe Ltd, 42 Caxton Way, Watford Business Park, Watford, Hertfordshire, WD18 8QZ, United Kingdom.
In conclusion, Optoma Europe Ltd is a reputable company that is committed to sustainability and offers a range of high-quality audio-visual products and solutions. With their focus on sustainability and customer satisfaction, they continue to be a leading player in the industry.
