The data for JUNGHEINRICH LIFT TRUCK FINANCE LIMITED shows a steady increase in the average time to pay invoices over the past few years. In the first period (2018-07-01 to 2018-12-31), the company had an average time to pay of 0 days, indicating that invoices were paid on time. However, in the most recent period (2023-07-01 to 2023-12-31), the average time to pay has increased to 45.4 days, showing a significant delay in payment.
There is a clear trend of increasing volatility in the data for JUNGHEINRICH LIFT TRUCK FINANCE LIMITED. In the first period (2018-07-01 to 2018-12-31), there was no variation in the average time to pay, with all invoices being paid on time. However, in the most recent period (2023-07-01 to 2023-12-31), there is a wide range in the average time to pay, with some invoices being paid on time and others being paid significantly later than the agreed terms.
Looking at the data for the past three periods, there has been a steady increase in the average time to pay for JUNGHEINRICH LIFT TRUCK FINANCE LIMITED. In the first period, all invoices were paid on time, but by the third period (2020-01-01 to 2020-06-30), the average time to pay had increased to 21.5 days. This trend continued in the most recent period (2023-07-01 to 2023-12-31), with the average time to pay reaching 45.4 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 Lift Truck Finance Limited is registered under financial leasing (SIC 64910) and forms part of the Jungheinrich group, incorporated in 2006 and based in Milton Keynes. It provides lease finance for the lift trucks and materials handling equipment supplied by the wider Jungheinrich business, which manufactures and develops forklifts, warehouse trucks and automated storage systems. While the group's UK operating company sells, hires and services this equipment across industries such as retail, food and beverages, logistics and manufacturing, this particular entity's registered role is to support customers' equipment acquisitions through financing arrangements rather than to manufacture or sell the products itself.
Generated from the company's website and Companies House records. Sources: jungheinrich.co.uk · jungheinrich.co.uk