CANON EUROPE LIMITED
Company Information
- Company Number
- 04093977
- Registered Address
- 4 Roundwood Avenue, Stockley Park, Uxbridge, England, UB11 1AF
- Status
- Active
- Employee Count
- 678.0
- Turnover
- 95908000.0
- EBITDA
- 11371000.0
Additional Details
- Website
- https://canon-europe.com/
- Company Type
- Private limited Company
- Incorporated On
- 20 October 2000
- Nature of Business
- 27900 - Manufacture of other electrical equipment
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 25 | 93% | 5% | 2% | 19% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 27 | 92% | 5% | 3% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 28 | 87% | 8% | 5% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 27 | 86% | 10% | 4% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 27 | 88% | 8% | 5% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 05 Aug 2021 | 31 | 83% | 11% | 7% | 32% |
| 01 Jan 2021 - 30 Jun 2021 | 05 Aug 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 25 | 90% | 7% | 3% | 31% |
| 01 Jan 2020 - 30 Jun 2020 | 09 Feb 2021 | 33 | 83% | 13% | 4% | 41% |
Company Summary
CANON EUROPE LIMITED is a leading provider of imaging and information technology solutions in the European market
The company is a subsidiary of Canon Inc., a Japanese multinational corporation
The company offers a wide range of products and services, including cameras, printers, scanners, projectors, and various office equipment
Their products are known for their high quality and innovative technology, making them popular among both individuals and businesses
CANON EUROPE LIMITED is committed to sustainability and has a strong corporate responsibility program in place
They have set ambitious targets to reduce their environmental impact, such as reducing CO2 emissions and waste generation
The company also promotes eco-friendly practices throughout their supply chain and encourages their customers to recycle their products
The key people at CANON EUROPE LIMITED include Yuichi Ishizuka, the President and CEO, and Kazuto Ogawa, the Chief Operating Officer
They lead a team of dedicated professionals who strive to deliver the best products and services to their customers
The company's registered office address is 3 The Square, Stockley Park, Uxbridge, Middlesex, UB11 1ET, United Kingdom
They can be contacted via phone at +44 (0) 208 588 8000 or through their website at www.canon-europe.com
In conclusion, CANON EUROPE LIMITED is a reputable company that offers high-quality imaging and technology solutions while prioritizing sustainability
With their strong commitment to innovation and corporate responsibility, they continue to be a leading player in the European market
Company Review
Trend Analysis
The data for CANON EUROPE LIMITED shows a general trend of improvement in the company's average time to pay invoices over the past three periods. In the first period (2020-01-01 to 2020-06-30), the average time to pay was 33 days, which decreased to 25 days in the second period (2020-07-01 to 2020-12-31). The third period (2021-01-01 to 2021-06-30) shows a slight increase to 31 days, but this is still lower than the first period. The trend continues with a decrease to 27 days in the fourth period (2021-07-01 to 2021-12-31), followed by a consistent average of 27-28 days in the remaining periods.
Volatility Analysis
The volatility in the data for CANON EUROPE LIMITED is relatively low, with only minor fluctuations in the percentage of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The most significant changes can be seen in the percentage of invoices not paid within agreed terms, which ranges from 17% in 2023-01-01 to 2023-06-30 to 41% in 2020-01-01 to 2020-06-30. However, this percentage decreases consistently in the following periods.
Summary Analysis
In the first period (2020-01-01 to 2020-06-30), CANON EUROPE LIMITED took an average of 33 days to pay invoices, with 83% of invoices paid within 30 days, 13% paid between 31 and 60 days, and 4% paid later than 60 days. The percentage of invoices not paid within agreed terms was at its highest at 41%. However, the second period (2020-07-01 to 2020-12-31) shows an improvement with an average payment time of 25 days and 90% of invoices paid within 30 days. In the third period (2021-01-01 to 2021-06-30), there is a slight increase in the average time to pay (31 days) and a decrease in the percentage of invoices paid within 30 days (83%). The fourth period (2021-07-01 to 2021-12-31) shows a continued improvement with an average time to pay of 27 days and 88% of invoices paid within 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Canon Europe Limited standard third party supplier payment terms are 30 days net, but this can be altered by agreement. Some Canon partners /suppliers enjoy terms better than 30 days. Intercompany payments are made under alternative agreed 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
60
Dispute Resolution Process
Complaints or concerns should be raised in the first instance with the Accounts Payable team, for which all suppliers are advised the contact details. The Accounts Payable team will resolve or escalate across the business, as applicable. Email : AP.CEL@canon-europe.com
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
