PROTO LABS LIMITED
Company Information
- Company Number
- 05366160
- Registered Address
- Proto Labs, Halesfield 8, Telford, Shropshire, TF7 4QN
- Status
- Active
- Employee Count
- 404.0
- Turnover
- 39409000.0
- EBITDA
- 1984000.0
Additional Details
- Website
- https://protolabs.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 16 February 2005
- Nature of Business
- 22290 - Manufacture of other plastic products$32990 - Other manufacturing not elsewhere classified
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 54 | 13% | 47% | 40% | 76% |
| 01 Jun 2023 - 30 Jun 2023 | 20 Jul 2023 | 61 | 13% | 47% | 39% | 65% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 60 | 12% | 43% | 45% | 64% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 52 | 12% | 56% | 32% | 63% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 52 | 11% | 59% | 30% | 56% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Jul 2021 | 50 | 11% | 62% | 27% | 47% |
| 01 Jul 2020 - 31 Dec 2020 | 11 Feb 2021 | 40 | 33% | 55% | 12% | 26% |
| 01 Jan 2020 - 30 Jun 2020 | 05 Aug 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 03 Mar 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 50 | 13% | 59% | 28% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 06 Mar 2019 | 53 | 5% | 66% | 29% | 77% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 48 | 16% | 59% | 25% | 44% |
Company Summary
PROTO LABS, LIMITED is a leading manufacturing company based in Telford, United Kingdom
The company specializes in rapid prototyping, low-volume production, and on-demand manufacturing services
Their sustainability program focuses on reducing waste and carbon footprint, promoting eco-friendly materials and processes, and implementing energy-saving measures
They have also implemented a recycling program for their production waste and use renewable energy sources for their operations
PROTO LABS, LIMITED offers a wide range of products and services, including 3D printing, CNC machining, injection molding, and sheet metal fabrication
Their advanced technology and quick turnaround times have made them a preferred choice for many industries, including automotive, aerospace, and medical
The company is led by a team of experienced professionals, including CEO Vicki Holt and COO John Tumelty
They are committed to providing high-quality products and services while maintaining sustainable practices
Customers can contact PROTO LABS, LIMITED through their website or by visiting their registered office at Halesfield 8, Telford, Shropshire, TF7 4QN
Their website address is www.protolabs.co.uk, where customers can learn more about their services, request quotes, and place orders
Overall, PROTO LABS, LIMITED is a sustainable and innovative company that continues to meet the evolving needs of its customers
Company Review
Trend Analysis
The average time taken for PROTO LABS, LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in the latest period. However, the percentage of invoices paid within 30 days and between 31 and 60 days has remained relatively consistent, while the percentage of invoices paid later than 60 days has decreased.
Volatility Analysis
The volatility in PROTO LABS, LIMITED's payment behavior can be seen in the inconsistent average time taken to pay invoices and the fluctuation in the percentage of invoices paid later than 60 days. This suggests that the company may have some challenges in maintaining a consistent payment schedule.
Summary Analysis
Since the start of 2018, PROTO LABS, LIMITED has seen a slight decrease in their average time taken to pay invoices, from 48 days to 52 days. However, there has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 16% to 12%. This is a positive change towards early payment for suppliers. The percentage of invoices paid later than 60 days has also decreased from 25% to 32%, another positive trend. However, the latest period shows an increase in the percentage of invoices not paid within agreed terms, which could be a cause for concern.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
STANDARD TERMS ARE 30 DAYS END OF MONTH, 30 DAYS END OF MONTH 63% 60 DAYS END OF MONTH 16% NET 30 DAYS 14% OTHER 6%
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
MAJORITY OF TERMS ARE END OF MONTH RATHER THAN NET DAYS OF INVOICE DATE
Maximum contractual payment period agreed
30
Dispute Resolution Process
INVOICES WHICH DO NOT MATCH THE PURCHASE ORDER RAISED ARE LOGGED ON A QUERY REGISTER BY THE PURCHASE LEDGER CLERK. DEPENDANT ON QUERY, THIS IS INVESTIGATED INTERNALLY FIRST TO CHECK PRICE DIFFERENCES AND QUANTITIES PURCHASED OR RECIEVED. IF WE ARE UNABLE TO RESOLVE INTERNALLY, WE PUSH THE INVOICE BACK TO THE SUPPLIER DETAILING THE DISPUTE FOR PROCESSING THIS COMMUNICATION IS LOGGED AND RECORDED IN THE QUERY REGISTER. THE QUERY REGISTER IS REVIEWED WEEKLY AND CHASED UP WHERE NECESSARY MAJORITY OF DISPUTES ARE CLEARED UP BEFORE THE MONTH END.
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
