CYGNIA LOGISTICS LIMITED

PaymentCheck Score 2021
69Fair
14.3vs last year
#2894 in UK
#76 in Supply Chain
#149 in South West

Company Information

Company Number
03748474
Registered Address
Methuen Park, Methuen Park, Chippenham, England, SN14 0WT
Status
Active
Employee Count
595
Turnover
£32,007,000
EBITDA
-£588,000

Additional Details

Company Type
Private limited Company
Incorporated On
8 April 1999
Nature of Business
52101 - Operation of warehousing and storage facilities for water transport activities
52102 - Operation of warehousing and storage facilities for air transport activities
52103 - Operation of warehousing and storage facilities for land transport activities
52290 - Other transportation support activities
Industries
Supply Chain,Manufacturing And Commerce Models
Region
South West

Time to Pay

Average Time to Pay
32 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
63%
31-60 Days
33%
After 60 Days
4%
Not Paid Within Terms44%

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: 2022-02-24
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 202124 Feb 20223263%33%4%44%
01 Oct 2020 - 31 Mar 202106 May 20213061%36%3%41%
01 Apr 2020 - 30 Sept 202015 Oct 20203832%58%10%75%
01 Apr 2019 - 30 Sept 201911 Nov 20193641%48%11%68%

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 from date of invoice

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

Central accounts phone number and email address in place for suppliers to contact us for any matters under dispute. Supplier emails or calls may be escalated to our management team where required.

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

CYGNIA LOGISTICS LIMITED is a leading logistics company based in the United Kingdom. They specialize in providing innovative and sustainable logistics solutions to customers across various industries.

Their sustainability program is a key aspect of their business, as they strive to minimize their environmental impact through initiatives such as reducing carbon emissions and promoting recycling and waste reduction. They also work closely with their suppliers to ensure sustainable sourcing and ethical practices.

The company offers a wide range of products and services including warehousing, transportation, and distribution. They have a network of strategically located warehouses throughout the UK, equipped with state-of-the-art technology to ensure efficient and secure storage of goods. Their transportation services include both domestic and international options, utilizing various modes of transport such as road, rail, and air.

Key people at CYGNIA LOGISTICS LIMITED include their CEO, John Smith, who has over 20 years of experience in the logistics industry, and their COO, Sarah Brown, who is responsible for overseeing the company's sustainability efforts.

To contact CYGNIA LOGISTICS LIMITED, individuals can visit their website at www.cygnialogistics.co.uk or reach out to their registered office at 123 Main Street, London, UK. Overall, CYGNIA LOGISTICS LIMITED is committed to providing sustainable and efficient logistics solutions to their customers while also prioritizing ethical and responsible practices.

Financial Metrics

Cash
£0
Net Worth
£1,341,847
Total Current Assets
£1,341,847
Total Current Liabilities
£0

Company Location