TOOLSTATION LIMITED

PaymentCheck Score 2024
42Poor
1.0vs last year
#4818 in UK
#75 in Information Technology
#215 in East Midlands

Company Information

Company Number
04372131
Registered Address
Lodge Way House Lodge Way, Harlestone Road, Northampton, NN5 7UG
Status
Active
Employee Count
5,548
Turnover
£670,600,000
EBITDA
£25,600,000

Additional Details

Company Type
Private limited Company
Incorporated On
12 February 2002
Nature of Business
47520 - Retail sale of hardware, paints and glass in specialised stores
47540 - Retail sale of electrical household appliances in specialised stores
Industries
Information Technology,Telecommunications And Data,Supply Chain,Manufacturing And Commerce Models
Region
East Midlands

Time to Pay

Average Time to Pay
62 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
9%
31-60 Days
57%
After 60 Days
34%
Not Paid Within Terms2%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2021-07-27
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202408 May 20256317%59%24%14%
01 Jan 2024 - 30 Jun 202408 May 20256317%59%24%14%
01 Jul 2023 - 31 Dec 202308 May 20256219%59%22%16%
01 Jan 2023 - 30 Jun 202308 May 20256219%59%22%16%
01 Jul 2022 - 31 Dec 202208 May 2025589%58%33%18%
01 Jan 2022 - 30 Jun 202208 May 202518%
01 Jul 2021 - 31 Dec 202108 May 20253%
01 Jan 2021 - 30 Jun 202127 Jul 2021629%57%34%2%
01 Jan 2019 - 30 Jun 201930 Jul 2019607%51%42%3%
01 Jul 2018 - 31 Dec 201830 Jan 20195411%55%34%2%
01 Jan 2018 - 30 Jun 201801 Aug 20185316%49%35%2%

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

45 days end of month

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

60

Dispute Resolution Process

Invoice checked against system purchase orders. If different then invoice is put on query status and query is raised with supplier. Resolution method will then be discussed and agreed with supplier

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

Company Summary

Toolstation Limited is a British company that specializes in the sale of tools and building supplies. The company was founded in 2003 and has since grown to become one of the leading suppliers in the UK. Their headquarters are located in Bridgwater, Somerset.

The company offers a wide range of products including hand tools, power tools, plumbing and electrical supplies, and building materials. They also provide a variety of services such as click and collect, next day delivery, and trade credit accounts. Their products are sourced from reputable and sustainable suppliers, ensuring quality and environmental responsibility.

Toolstation Limited is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a recycling program for their waste materials, use energy-efficient lighting in their stores, and promote the use of sustainable materials in their products. They have also introduced eco-friendly packaging for their products.

The key people at Toolstation Limited include CEO James Mackenzie, Managing Director James MacKenzie, and Finance Director David Wall. They lead a team of over 4,000 employees who are dedicated to providing excellent customer service and promoting the company's values of sustainability and ethical business practices.

Customers can access Toolstation's products and services through their website, which also offers a convenient click and collect service. The website features a user-friendly interface and provides detailed product information and reviews. Customers can also contact the company through their customer service hotline or by visiting one of their 400+ stores across the UK.

Toolstation Limited's registered office address is located at Lodge Way House, Lodge Way, Harlestone Road, Northampton, NN5 7UG. Their website address is www.toolstation.com. With their commitment to sustainability and quality products and services, Toolstation Limited continues to be a trusted and reliable supplier for both professionals and DIY enthusiasts in the UK.

Financial Metrics

Cash
£2,500,000
Net Worth
£112,000,000
Total Current Assets
£196,200,000
Total Current Liabilities
£155,200,000

Company Location