The trend for FORMAPLEX HOLDINGS LIMITED shows a slight decrease in the average time to pay invoices over the past three periods. However, there has been an increase in the percentage of invoices paid later than 60 days.
The volatility for FORMAPLEX HOLDINGS LIMITED appears to be relatively stable, with only minor fluctuations in the average time to pay invoices and the percentage of invoices paid within 30 days.
From Jul 2017 to Dec 2017, the average time for FORMAPLEX HOLDINGS LIMITED to pay invoices was 46.5 days. This is a 3.1% decrease from the previous period (Jan 2017 to Jun 2017). The percentage of invoices paid within 30 days also decreased by 1.5%, while the percentage of invoices paid between 31 and 60 days increased by 2.6%. The percentage of invoices paid later than 60 days saw the biggest change, increasing by 1.0%. The worst period for FORMAPLEX HOLDINGS LIMITED in terms of paying invoices late was Jan 2017 to Jun 2017, where 12.2% of invoices were paid later than 60 days.
| 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 2017 - 31 Dec 2017 | 01 Feb 2018 |
FORMAPLEX HOLDINGS LIMITED is a British engineering and manufacturing company that specializes in the design, development, and production of precision components and tooling for various industries including aerospace, defense, automotive, and motorsport.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include investing in energy-efficient machinery, recycling waste materials, and promoting sustainable practices throughout its supply chain.
FORMAPLEX offers a wide range of products and services, including precision machining, injection molding, composite tooling, and additive manufacturing. They also provide design and engineering support to their clients, ensuring high-quality and efficient solutions.
The key people of FORMAPLEX HOLDINGS LIMITED include CEO and founder, Michael Last, who has over 30 years of experience in the engineering industry. The company also has a strong leadership team with expertise in various sectors, ensuring a diverse range of skills and knowledge.
The registered office address of FORMAPLEX HOLDINGS LIMITED is located in Horndean, Hampshire, and their website is www.formaplex.com. They also have facilities in the UK, USA, and Czech Republic, allowing them to serve clients globally.
In conclusion, FORMAPLEX HOLDINGS LIMITED is a leading engineering and manufacturing company with a strong focus on sustainability. Their range of products and services, along with their experienced team, make them a trusted partner for clients in various industries.