RAYMARINE UK LIMITED
Company Information
- Company Number
- 04578449
- Registered Address
- Marine House, Cartwright Drive, Fareham, Hampshire, PO15 5RJ
- Status
- Active
- Employee Count
- 186
- Turnover
- £141,178,000
- EBITDA
- £24,526,000
Additional Details
- Website
- https://raymarine.com/
- Company Type
- Private limited Company
- Incorporated On
- 31 October 2002
- Nature of Business
- 26511 - Manufacture of electronic measuring, testing etc. equipment, not for industrial process control
- Industries
- Waterways Travel
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 42 | 38% | 52% | 10% | 34% |
| 01 Jul 2024 - 31 Dec 2024 | 20 Jan 2025 | 36 | 54% | 43% | 3% | 23% |
| 01 Jan 2024 - 30 Jun 2024 | 18 Jul 2024 | 41 | 42% | 47% | 11% | 25% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 33 | 61% | 33% | 6% | 51% |
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
The standard contractual payment terms are Net 90 days. Reduced terms are available on request and require approval by our Financial Controller
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
90
Dispute Resolution Process
Initial escalation through Accounts Payable team. If not resolved the supplier contacts the responsible Procurement Buyer to help resolve. Further escalation possible to VP Supply chain.
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.
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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
RAYMARINE UK LIMITED is a leading company in the marine electronics industry, providing a wide range of innovative products and services to customers in the UK. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company offers a range of high-quality products, including radar systems, chartplotters, autopilots, and fishfinders, which are designed to enhance navigation and safety for boaters. These products are known for their cutting-edge technology and reliability, making them popular among recreational and commercial boaters alike.
RAYMARINE UK LIMITED is led by a team of experienced and dedicated professionals, including Managing Director, Andy Davies, and Head of Marketing, Simon Smith. The company also has a strong customer support team, ensuring that their customers receive the best possible service.
In terms of sustainability, RAYMARINE UK LIMITED has implemented various measures to reduce its carbon footprint and promote eco-friendliness. This includes using renewable energy sources, minimizing waste, and promoting recycling. The company also partners with environmental organizations to support conservation efforts.
To learn more about RAYMARINE UK LIMITED and its products and services, customers can visit their website at www.raymarine.co.uk. The company's registered office address is located at Marine House, Cartwright Drive, Fareham, Hampshire, PO15 5RJ. With its commitment to sustainability and high-quality products, RAYMARINE UK LIMITED continues to be a leading player in the marine electronics industry.
