PROMAN SUPPLY CHAIN LTD
Company Information
- Company Number
- 03443013
- Registered Address
- Building 2 Mosley Road, Trafford Park, Manchester, England, M17 1FQ
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 October 1997
- Nature of Business
- 78109 - Other activities of employment placement agencies78200 - Temporary employment agency activities
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
PROMAN SUPPLY CHAIN LTD exhibits a robust trend of timely payments, with an average settlement period of 23 days and 85% of invoices paid within 30 days. This demonstrates a consistent and efficient payment trajectory, indicating reliable adherence to standard credit terms. The company's payment speed appears stable and predictable towards early settlement.
Volatility Analysis
While most payments are prompt, approximately 14% of invoices extend beyond 30 days, comprising 8% between 31-60 days and 6% over 60 days. This modest tail of extended payments, alongside a 1% late payment rate, introduces a slight level of unpredictability for a minority of transactions. Suppliers should note this minor but present variability in settlement times, though it affects a small portion of overall payments.
Summary Analysis
PROMAN SUPPLY CHAIN LTD generally presents a favorable payment risk profile, characterized by rapid average payment times and a high proportion of on-time settlements. Suppliers can typically proceed with confidence, though it is prudent to monitor for the small percentage of invoices that may extend beyond 30 days. To mitigate this minor risk, establishing clear payment terms and maintaining open communication for outstanding invoices is recommended.
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 2023 - 31 Dec 2023 | 06 Jun 2024 | 23 | 85% | 8% | 6% | 1% |
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
We use standard Payment terms
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
60
Dispute Resolution Process
Disputes raised with the Accounts Payable team are resolved locally, or escalated to the relevant business owner, as required. Company requires a statement to be able to reconcile the account before it is paid.
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.
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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?
❌
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
PROMAN SUPPLY CHAIN LTD is an active private limited company that specialises in supply chain services.
The company was incorporated on 1 October 1997 and operates under company number 03443013. Its registered office is situated at Building 2 Mosley Road, Trafford Park, Manchester, England, M17 1FQ.
In the UK market, a company of this type typically offers services encompassing logistics management, freight forwarding, and inventory control. This often involves optimising complex supply chains to ensure efficient movement and storage of goods for its clients.
