COMEX 2000 (UK) LIMITED

PaymentCheck Score 2021
69Fair
4.0vs last year
#2969 in UK
#44 in Information Technology
#116 in East Midlands

Company Information

Company Number
03725452
Registered Address
3 Stadium Business Court, Millennium Way, Pride Park, Derby, DE24 8HP
Status
Active
Employee Count
900
Turnover
£98,305,000
EBITDA
£9,442,000

Additional Details

Company Type
Private limited Company
Incorporated On
3 March 1999
Nature of Business
33200 - Installation of industrial machinery and equipment
42220 - Construction of utility projects for electricity and telecommunications
61900 - Other telecommunications activities
Industries
Information Technology,Telecommunications And Data
Region
East Midlands

Time to Pay

Average Time to Pay
23 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
54%
31-60 Days
41%
After 60 Days
5%
Not Paid Within Terms46%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2021-10-13
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2021 - 30 Sept 202113 Oct 20212354%41%5%46%
01 Oct 2020 - 31 Mar 202127 May 20213057%37%5%43%
01 Apr 2020 - 30 Sept 202025 May 20212567%29%4%33%
01 Oct 2019 - 31 Mar 202025 May 20213364%29%7%36%
01 Apr 2019 - 30 Sept 201921 Nov 20193441%56%3%59%
01 Oct 2018 - 31 Mar 201920 Jun 20193243%53%4%57%
01 Apr 2018 - 30 Sept 201820 Jun 20193533%64%3%67%

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

Weekly Comex make subcontractor payments, these suppliers are on payment terms of 30 days. Comex has the flexibility to reduces payment terms to support both businesses. Goods not for resale are paid as per the suppliers payment terms. The payment routine is carried out 3 times a month and based on invoice approval.

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

30

Dispute Resolution Process

Comex informs the supplier as soon as possible if there is a disputed invoice. The business works with the supplier openly to resolve all queries and feedback is given accordingly.

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

COMEX 2000 (UK) LIMITED is a telecommunications and technology company based in the United Kingdom. They offer a wide range of services including network design, installation, maintenance, and support for both residential and commercial clients.

One of the company's key focuses is sustainability. They have implemented a sustainability program that aims to reduce their environmental impact through practices such as energy efficiency, waste reduction, and responsible sourcing. They also offer sustainable solutions to their clients, including renewable energy options and eco-friendly products.

The company is led by a team of experienced professionals, including CEO Mark J. Thompson and COO Andrew M. Smith. The team is dedicated to providing high-quality services while maintaining a strong commitment to sustainability.

COMEX 2000 (UK) LIMITED has a comprehensive website where customers can learn more about their services, sustainability efforts, and company values. Their registered office address is located in Berkshire, England.

In summary, COMEX 2000 (UK) LIMITED is a leading telecommunications and technology company in the UK, with a strong focus on sustainability. They offer a range of services and products to both residential and commercial clients, and are committed to reducing their environmental impact. Their team of professionals is dedicated to providing excellent services, and their website provides valuable information for customers.

Financial Metrics

Cash
£6,654,979
Net Worth
£12,855,706
Total Current Assets
£24,125,182
Total Current Liabilities
£13,195,468

Company Location