ITAB UK LTD
Company Information
- Company Number
- 03411363
- Registered Address
- Itab House Swallowdale Lane, Hemel Hempstead Industrial Estate, Hemel Hempstead, Hertfordshire, HP2 7EA
- Status
- Active
- Employee Count
- 159
- Turnover
- £45,597,000
- EBITDA
- £249,000
Additional Details
- Website
- https://itab.se/
- Company Type
- Private limited Company
- Incorporated On
- 29 July 1997
- Nature of Business
- 25990 - Manufacture of other fabricated metal products not elsewhere classified
- Industries
- Manufacturing
- 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 | 31 Jan 2020 | 45 | 25% | 52% | 23% | 56% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 42 | 33% | 45% | 22% | 45% |
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
Our standard payment terms are to pay the invoice within 7 days of the end of the month following the month in which a valid invoice was presented to us. We also negotiate separate terms with individual suppliers based on their specific products or services, and for long term strategic suppliers
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment runs are made weekly for all invoices that have fallen due
Maximum contractual payment period agreed
60
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, it would escalate in the first instance to the relevant Head of Department to seek a resolution.
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.
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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?
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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
ITAB UK LTD is a leading company in the retail industry, providing innovative solutions for store design, shop fittings, and checkout systems. The company is committed to sustainability and has a strong focus on reducing their environmental impact.
Their sustainability program includes initiatives such as using sustainable materials in their products, reducing energy consumption in their operations, and promoting recycling and waste reduction. They also work closely with their suppliers to ensure ethical and sustainable practices throughout their supply chain.
ITAB UK LTD offers a wide range of products and services to enhance the shopping experience for customers. This includes custom-made store solutions, digital signage, and self-checkout systems. They also provide installation and maintenance services for their products.
The key people at ITAB UK LTD include the Managing Director, who oversees the overall operations of the company, and the Head of Sustainability, who leads the sustainability efforts. The company also has a team of experienced designers, engineers, and technicians who work together to deliver high-quality solutions to their clients.
To contact ITAB UK LTD, you can visit their website at www.itab.co.uk. Their registered office address is Unit 1, Weldon Road, Corby, Northamptonshire, NN17 5UZ. Their website also provides contact information for specific departments and a form to submit inquiries or requests.
In conclusion, ITAB UK LTD is a reputable company in the retail industry that prioritizes sustainability and offers a variety of products and services to enhance the shopping experience. With their dedicated team and commitment to sustainability, they are a trusted partner for retailers looking to improve their store design and operations.
