FORMAPLEX LIMITED
Company Information
- Company Number
- 04138909
- Registered Address
- C/O Frp Advisory Trading Limited 2nd Floor, 110 Cannon Street, London, EC4N 6EU
- Status
- Dissolved
- Employee Count
- 527
- Turnover
- £62,852,000
- EBITDA
- £3,112,000
Additional Details
- Website
- https://formaplex.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 10 January 2001
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- Life Sciences And Medical Technology
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for FORMAPLEX LIMITED to pay invoices has remained consistent at around 67-73 days over the past three periods.
Volatility Analysis
The data for FORMAPLEX LIMITED shows a relatively stable trend with only slight fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there is a more notable fluctuation in the percentage of invoices paid later than 60 days, with a difference of 6% between the lowest and highest percentages over the three periods.
Summary Analysis
Overall, FORMAPLEX LIMITED has maintained an average time to pay of around 67-73 days over the past three periods. There has been a slight improvement in the percentage of invoices paid within 30 days, but also a slight decrease in the percentage of invoices paid between 31 and 60 days. The company has also experienced some volatility in the percentage of invoices paid later than 60 days, with the highest percentage occurring in the first period. The standard payment period of 30 days has remained consistent throughout all three periods.
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 2017 - 31 Dec 2017 | 30 Jan 2018 | 73 | 14% | 46% | 40% | 96% |
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
30 Days end of month
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
90
Dispute Resolution Process
Suppliers are notified as soon as a dispute is identified. Details will be provided of the reason for the dispute and what is required to resolve the issue (i.e. proof of delivery). Upon successful resolution the invoice will be cleared for payment.
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?
❌
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
FORMAPLEX LIMITED is a highly reputable engineering and manufacturing company based in the United Kingdom. Founded in 2001, the company has grown to become a market leader in the design, development, and production of innovative solutions for various industries such as aerospace, motorsport, and defense.
The company's sustainability program is a core part of their operations, with a strong focus on reducing their environmental impact and promoting sustainable practices. They have implemented measures such as energy-efficient lighting and waste reduction initiatives to minimize their carbon footprint. Additionally, FORMAPLEX LIMITED has also invested in renewable energy sources, including solar panels, to power their facilities.
Their products and services range from precision engineering, tooling, and composite components to large-scale assemblies and systems integration. They use state-of-the-art technology and advanced manufacturing techniques to produce high-quality, lightweight, and durable components for their clients.
The key people behind FORMAPLEX LIMITED are the executive team, headed by CEO Michael Last. With a wealth of experience in the engineering and manufacturing industry, the team is dedicated to driving the company's growth and success.
For any inquiries or information, interested parties can visit their website at https://www.formaplex.com/ or contact them at their registered office address: Unit 6-8, Quay Lane Industrial Estate, Gosport, Hampshire, PO12 4LJ, United Kingdom. FORMAPLEX LIMITED is committed to delivering exceptional products and services while upholding their sustainability values, making them a trusted and preferred choice among their clients.
