DISTINCTION DOORS LIMITED
Company Details
Registration Number
05298340
Registered Address
Wentworth 36 Wentworth Industrial Estate Wentworth Way Tankersley Barnsley South Yorkshire S75 3DH
Company Status
Active
Employee Count
190
Turnover
£44,366,000
EBITDA
£5,429,000
Additional Information
Website
distinctiondoors.co.ukCompany Type
Private limited Company
Incorporated on
26 November 2004
Nature of Business (SIC)
46130 - Agents involved in the sale of timber and building materials
Industries
Furniture, furnishings and fixtures
Region
Yorkshire and The HumberCompany Location
Financial Overview
£508,647
£11,492,097
Last Reporting Period
Filed
03 Jul 2019
Period
01 Jan 2019 - 30 Jun 2019
Payment Timing
Average Time to Pay
40 days
Payment Periods
Shortest
7 days
Longest
90 days
Max Contractual
130 days
Payment Timeline
Not Paid Within Terms
46%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2019 - 30 Jun 2019 | 03 Jul 2019 | 40 | 36% | 46% | 17% | 46% |
Company Summary
DISTINCTION DOORS LIMITED is a UK-based company that specializes in the manufacturing and distribution of high-quality doors
The company was founded in 1989 and has since become a leading player in the door industry
The company offers a wide range of doors, including entrance doors, french doors, bi-fold doors, and composite doors
These doors are known for their durability, energy efficiency, and stylish designs
The company also offers a bespoke service, allowing customers to customize their doors to their specific needs
In terms of sustainability, DISTINCTION DOORS LIMITED is committed to reducing its environmental impact
The company has implemented various measures to ensure that its operations are as eco-friendly as possible
This includes using sustainable materials, reducing waste, and investing in renewable energy sources
The key people at DISTINCTION DOORS LIMITED include the CEO, Mark Golding, and the Managing Director, Richard Hagan
Both have extensive experience in the door industry and are dedicated to driving the company's success
Customers can contact the company through their website, which also contains information about their products, services, and sustainability program
The registered office address for DISTINCTION DOORS LIMITED is Unit 1, 2 and 3, Roebuck Park, Harrietsham, Maidstone, Kent, ME17 1AB
In summary, DISTINCTION DOORS LIMITED is a reputable company that offers high-quality doors and is committed to sustainability
With a strong leadership team and a focus on customer satisfaction, the company continues to thrive in the door industry
Company Review
Trend Analysis
The average time to pay for invoices by Distinction Doors Limited has been gradually decreasing from 40 days in Jan 2019 to 38 days in Jun 2020. This indicates that they have been paying their suppliers faster over the past three periods.
Volatility Analysis
The volatility in the time taken to pay invoices has decreased over the three periods, from a difference of 2 days between the shortest and longest payment period in Jan 2019 to a difference of 1 day in Jun 2020. This shows that the company has been consistent in their payment patterns.
Summary Analysis
In the past three periods, Distinction Doors Limited has shown a steady improvement in their payment process. The average time taken to pay invoices has decreased by 2 days, from 40 days to 38 days. This is a significant improvement, which can also be seen in the increase in the percentage of invoices paid within 30 days from 36% to 39%. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 17% to 20%. Distinction Doors Limited needs to focus on reducing this percentage to ensure timely payments to their suppliers.
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 is standard 60 - 90 days for larger suppliers
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
130
Dispute Resolution Process
Any queries are dealt with in the first instance by the Finance department, matters are dealt with as quickly as possible. If escalation is required this will be directed to the Finance Director.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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