COLART INTERNATIONAL HOLDINGS LIMITED

PaymentCheck Score 2021
81Good
New Entry
#1753 in UK
#38 in Healthcare And Wellbeing
#790 in London

Company Information

Company Number
03659130
Registered Address
Huckletree West, The Mediaworks Building, 191 Wood Lane, London, United Kingdom, W12 7FP
Status
Active
Employee Count
100
Turnover
£0
EBITDA
£521,000

Additional Details

Company Type
Private limited Company
Incorporated On
29 October 1998
Nature of Business
46900 - Non-specialised wholesale trade
Industries
Healthcare And Wellbeing,Supply Chain,Manufacturing And Commerce Models
Region
London

Time to Pay

Average Time to Pay
43 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:180 days

Payment Timeline

Within 30 Days
85%
31-60 Days
10%
After 60 Days
5%
Not Paid Within Terms15%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2022-01-27
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2021 - 30 Jun 202129 Jul 20214587%8%5%5%
01 Jul 2018 - 31 Dec 201828 Jan 20194591%5%4%9%
01 Jan 2018 - 30 Jun 201830 Jul 20184584%8%8%15%

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

Standard payment terms are 30 days, these are agreed with Procurement

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

180

Dispute Resolution Process

Disputes are directed to the Finance Manager who investigates the issue with the AP team and the person (s) who ordered the goods/ services, if applicable, to establish the facts. If the issue can not be resolved by the Finance Manager it is escalated to the Group Financial Controller and Procurement Manager.

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

COLART INTERNATIONAL HOLDINGS LIMITED is a leading international supplier of art materials, with a strong commitment to sustainability. The company offers a wide range of high-quality products and services for artists, including paints, brushes, canvases, and other art supplies.

The company's sustainability program is focused on reducing its environmental impact and promoting responsible practices throughout its supply chain. This includes using sustainable materials in their products, reducing waste and carbon emissions, and supporting sustainable sourcing and production methods.

Key people at COLART INTERNATIONAL HOLDINGS LIMITED include CEO Patrick Gormley and Chairman David Peacock. The company's registered office address is at The Studio Building, 21 Evesham Street, London, W11 4AJ, United Kingdom.

COLART INTERNATIONAL HOLDINGS LIMITED's website, www.colart.com, provides information on their range of products and services, as well as their sustainability efforts. The website also features a blog and resources for artists, showcasing their commitment to supporting and inspiring the art community.

In summary, COLART INTERNATIONAL HOLDINGS LIMITED is a leading supplier of art materials, with a strong focus on sustainability and responsible practices. Their high-quality products and services, along with their commitment to supporting artists and the environment, make them a trusted choice for artists worldwide.

Financial Metrics

Cash
£0
Net Worth
£41,792,000
Total Current Assets
£2,811,000
Total Current Liabilities
£10,768,000

Company Location