The data shows a consistent decrease in the average time taken for JUNGHEINRICH UK HOLDINGS LIMITED to pay invoices to suppliers. In the first period (2018-07-01 to 2018-12-31), the average time to pay was not provided. However, in the following periods, the average time to pay decreased from 31 days to 17.2 days, indicating an improvement in the company's payment efficiency.
The data also shows a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days. This suggests that the company may have faced some difficulties in the second and third periods (2019-01-01 to 2019-12-31) in terms of meeting its payment obligations within the agreed terms. However, in the last three periods (2021-01-01 to 2023-12-31), there is a significant improvement in the percentage of invoices paid within 30 days, indicating a reduction in volatility in the company's payment process.
In the second period (2019-01-01 to 2019-06-30), the company saw a decrease in the average time to pay and an increase in the percentage of invoices paid between 31 and 60 days. However, in the following period (2019-07-01 to 2019-12-31), there was a significant improvement in the average time to pay (from 31 days to 18.3 days) and a decrease in the percentage of invoices paid between 31 and 60 days. This trend continued in the last three periods (2021-01-01 to 2023-12-31) with a consistent decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days. The company's best performance can be seen in the last period (2023-07-01 to 2023-12-31) with an average time to pay of 12.5 days and 93.8% of invoices paid within 30 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 2023 - 31 Dec 2023 | 25 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 05 Mar 2019 |
Jungheinrich UK Holdings Limited is registered as a non-trading company, SIC code 74990, and functions as a holding entity within the Jungheinrich group. The wider group, trading in the UK as Jungheinrich UK Ltd, designs, manufactures and supplies materials handling equipment, including forklifts, reach trucks, pallet trucks, order pickers and racking systems, alongside warehouse automation, rental fleets, used equipment and servicing through UK customer service centres. The group describes itself as covering intralogistics from transport and storage to order picking and full warehouse automation, serving industries such as retail, wholesale, food and beverage, logistics, manufacturing, automotive and pharmaceuticals. This registered entity itself does not trade directly with customers.
Generated from the company's website and Companies House records. Sources: jungheinrich.co.uk · jungheinrich.co.uk