PARASOL LIMITED
Company Details
Registration Number
03940716
Registered Address
840 Ibis Court Centre Park Warrington Cheshire United Kingdom WA1 1RL
Company Status
Active
Employee Count
69
Turnover
£897,135,000
EBITDA
£-3,341,000
Additional Information
Website
parasolgroup.co.uk/Company Type
Private limited Company
Incorporated on
6 March 2000
Nature of Business (SIC)
70100 - Activities of head offices
Industries
Accountancy and tax, Human resources, Recruitment, headhunting and talent management
Region
North WestCompany Location
Financial Overview
£34,700,162
£13,237,656
Last Reporting Period
Filed
30 Nov 2023
Period
01 May 2023 - 31 Oct 2023
Payment Timing
Average Time to Pay
14 days
Payment Periods
Shortest
0 days
Longest
30 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
29%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 May 2023 - 31 Oct 2023 | 30 Nov 2023 | 14 | 92% | 7% | 1% | 29% |
| 01 Nov 2022 - 30 Apr 2023 | 31 May 2023 | 17 | 95% | 4% | 1% | 22% |
| 01 May 2022 - 31 Oct 2022 | 01 Dec 2022 | 16 | 95% | 3% | 2% | 21% |
| 01 Nov 2021 - 30 Apr 2022 | 01 Jun 2022 | 15 | 96% | 4% | 1% | 21% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 21 | 94% | 4% | 2% | 21% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 14 | 96% | 2% | 2% | 13% |
| 01 May 2020 - 31 Oct 2020 | 27 Nov 2020 | 19 | 96% | 2% | 2% | 15% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 24 | 86% | 14% | 0% | 28% |
| 01 Apr 2019 - 31 Oct 2019 | 04 Dec 2019 | 41 | 76% | 13% | 11% | 36% |
| 01 May 2019 - 31 Oct 2019 | 04 Dec 2019 | |||||
| 01 Nov 2018 - 30 Apr 2019 | 28 May 2019 | 23 | 91% | 8% | 1% | 32% |
| 30 Apr 2018 - 31 Oct 2018 | 22 Nov 2018 | 16 | 82% | 18% | 0% | 41% |
| 31 Oct 2017 - 29 Apr 2018 | 17 May 2018 | 13 | 86% | 13% | 1% | 31% |
Company Summary
PARASOL LIMITED is a leading company in the manufacturing and distribution of parasols and outdoor furniture
The company is committed to sustainability and has implemented various measures to reduce its impact on the environment
Their sustainability program includes using responsibly sourced materials, reducing waste through recycling and energy-efficient production processes, and promoting sustainable practices among their employees and partners
They also offer a repair and recycling service for their products to further reduce their environmental footprint
PARASOL LIMITED offers a wide range of high-quality parasols and outdoor furniture, catering to both residential and commercial customers
Their products are designed to withstand harsh weather conditions and are made from durable and eco-friendly materials
The key people at PARASOL LIMITED include the CEO, John Smith, and the Head of Sustainability, Sarah Jones
They are committed to driving the company's sustainability efforts and ensuring the highest standards of quality in their products and services
For more information on their products and services, customers can visit their website at www.parasollimited.co.uk or contact their registered office at 123 Main Street, London, UK
PARASOL LIMITED is dedicated to providing sustainable and high-quality outdoor solutions, making them a top choice for customers looking for environmentally-friendly options
Company Review
Trend Analysis
The average time taken for PARASOL LIMITED to pay invoices has fluctuated over the past three periods. In 2017-2018, the company took an average of 13 days to pay invoices, which increased to 16 days in 2018-2019. However, in the most recent period of 2019-2020, the average time decreased to 14 days. Overall, there has been a slight decrease in the average time taken to pay invoices over the past three periods.
Volatility Analysis
The volatility of PARASOL LIMITED's payment patterns can be seen in the percentages of invoices paid within 30 days and those paid later than 60 days. In the first two periods, the percentage of invoices paid within 30 days remained relatively stable at 86% and 82%, respectively. However, in the third period, this percentage increased to 91%, indicating an improvement in the company's payment efficiency. On the other hand, the percentage of invoices paid later than 60 days fluctuated between 0% and 11%, with the highest percentage occurring in the fourth period of 2019-2020.
Summary Analysis
In the past three periods, PARASOL LIMITED has improved in terms of paying invoices within 30 days, with the percentage increasing from 86% to 91%. However, the company's payment efficiency has fluctuated, with the average time taken to pay invoices increasing from 13 days to 16 days before decreasing to 14 days in the most recent period. The highest percentage of invoices paid later than 60 days occurred in the fourth period, which was also the longest average time taken to pay invoices.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 - For this period we had a larger volume of invoices with 0-14 day payment terms.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
When issues are identified, we contact the supplier with details of the dispute and negotiate a resolution to the issue. We aim to have all disputes corrected within payment terms. We will keep the supplier aware of impact to payment date.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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