HIRE STATION LIMITED
Company Information
- Company Number
- 03428037
- Registered Address
- C/O Vp Plc Central House, Beckwith Knowle, Otley Road Harrogate, North Yorkshire, HG3 1UD
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 September 1997
- Nature of Business
- 77390 - Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified
- Industries
- Coming Soon
- Region
- Yorkshire
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
HIRE STATION LIMITED exhibits a trend towards extended payment terms, with an average payment time of 54 days. A substantial 39% of payments consistently fall into the 'over 60 days' category, suggesting a habitual pattern of delayed settlement rather than sporadic occurrences.
Volatility Analysis
The high percentage of late payments (46%) combined with 39% of invoices paid over 60 days indicates significant volatility and low predictability in payment timing. This inconsistent payment behavior presents an elevated cash flow risk for suppliers, making accurate financial forecasting challenging.
Summary Analysis
Overall, HIRE STATION LIMITED demonstrates a poor payment profile, characterized by an average 54-day payment cycle and a high incidence of late payments. Suppliers should factor in extended payment terms and potential cash flow delays, possibly considering stricter credit limits or requesting partial upfront payments to mitigate associated risks.
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 Apr 2025 - 30 Sept 2025 | 15 Oct 2025 | 54 | 24% | 37% | 39% | 46% |
| 01 Oct 2024 - 31 Mar 2025 | 09 Jul 2025 | 60 | 24% | 34% | 42% | 41% |
| 01 Apr 2024 - 30 Sept 2024 | 09 Jul 2025 | 58 | 24% | 34% | 42% | 41% |
| 01 Oct 2023 - 31 Mar 2024 | 23 Apr 2024 | 59 | 22% | 35% | 44% | 60% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 58 | 23% | 35% | 42% | 50% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 62 | 20% | 35% | 45% | 64% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 61 | 20% | 36% | 45% | 58% |
| 01 Oct 2021 - 31 Mar 2022 | 26 Apr 2022 | 67 | 15% | 33% | 52% | 64% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 63 | 16% | 35% | 48% | 54% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 66 | 17% | 35% | 48% | 57% |
| 01 Apr 2020 - 30 Sept 2020 | 27 Oct 2020 | 66 | 14% | 36% | 50% | 69% |
| 01 Oct 2019 - 31 Mar 2020 | 01 May 2020 | 67 | 15% | 34% | 51% | 59% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 64 | 15% | 36% | 48% | 66% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 62 | 14% | 35% | 51% | 62% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 54 | 23% | 36% | 41% | 50% |
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
Hire Station ltd's standard payment terms are 60 days month-end and these apply to the majority of supplier accounts. However, there are a range of terms in place for different suppliers, ranging from immediate payment to 90 days month-end. Payment terms are agreed to at the start of the business relationship and are confirmed in writing once accounts have been set up. There have been no changes to our standard payment terms during the reporting period.
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
Suppliers are formally advised of any invoice queries and Accounts Payable teams liaise with the supplier and the ordering point to resolve them. Records are kept of progress made or setbacks encountered. Queries are prioritised in terms of age and due date for resolution, with the aim of resolving all invoice queries within 30 days. Suppliers should contact the Accounts Payable department at the following address if they have any issues or problems with unpaid/overdue invoices:Hire Station Ltd Accounts Payable Fields Farm Road Long Eaton NG10 3FZ
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
HIRE STATION LIMITED is an active private limited company that specialises in providing hire services, as indicated by its name
The company was incorporated on 3 September 1997 under company number 03428037
Its registered office is located in Harrogate, North Yorkshire, within the Yorkshire region
Companies offering hire services in the UK typically provide a diverse range of equipment for temporary use, catering to various sectors such as construction, trade, and DIY
This often includes plant machinery, tools, access equipment, and other specialist items
