PROGROUP BOARD LIMITED
Company Information
- Company Number
- 06018149
- Registered Address
- South Road, Ellesmere Port, United Kingdom, CH65 4LD
- Status
- Active
- Employee Count
- 67
- Turnover
- £128,450,000
- EBITDA
- £7,813,000
Additional Details
- Website
- https://prowell.de
- Company Type
- Private limited Company
- Incorporated On
- 4 December 2006
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for PROGROUP BOARD LIMITED to pay invoices has been increasing over the past three periods, starting at 20 days in the first period and reaching 33 days in the most recent period. The percentage of invoices paid within 30 days has also decreased from 73% to 58%, while the percentage of invoices paid between 31 and 60 days has increased from 22% to 30%. The percentage of invoices paid later than 60 days has also increased from 5% to 11%. Overall, it appears that PROGROUP BOARD LIMITED is taking longer to pay their invoices as time goes on.
Volatility Analysis
There is some volatility in the data for PROGROUP BOARD LIMITED. The average time taken to pay invoices has increased by 5 days in the second period and by 8 days in the third period. The percentage of invoices paid within 30 days has also decreased by 4% in the second period and by 11% in the third period. The percentage of invoices paid between 31 and 60 days has increased by 3% in the second period and by 8% in the third period. The percentage of invoices paid later than 60 days has increased by 1% in the second period and by 5% in the third period. This shows some fluctuation in the payment patterns of PROGROUP BOARD LIMITED.
Summary Analysis
Looking at the data for the past three periods, there has been a noticeable increase in the average time taken for PROGROUP BOARD LIMITED to pay invoices, from 20 days to 33 days. This indicates that the company is taking longer to pay their invoices, which may have a negative impact on their supplier relationships. Additionally, there has been a decrease in the percentage of invoices paid within 30 days, which has dropped from 73% to 58%. The percentage of invoices paid later than 60 days has also increased from 5% to 11%, which is the highest for all three periods. This shows that PROGROUP BOARD LIMITED needs to improve their payment processes and ensure that they are paying their invoices within the agreed terms.
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 | 29 Jul 2019 | 33 | 58% | 30% | 11% | 34% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jul 2019 | 25 | 69% | 25% | 6% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 20 | 73% | 22% | 5% | 18% |
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
30 days net
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
60
Dispute Resolution Process
If a supplier wants to claim a payment he can contact us via email or phone. We will check, whether the invoice in question was received at all. If it was not received we will ask the supplier to send it again. If it was received we check, whether the invoice is being disputed for any reason (service not rendered correctly, price incorrect, invoice legally incorrect...). In this case we will retrigger the clarification of the dispute. If the invoice was received, is correct and is due, we will pay it during our weekly payment run.
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
PROGROUP BOARD LIMITED is a UK-based company that specializes in providing sustainable packaging solutions to businesses. The company was established in 2011 and has since then been committed to promoting sustainability in the industry.
One of the key activities of PROGROUP BOARD LIMITED is the production and supply of innovative and environmentally-friendly packaging materials. The company offers a wide range of products, including corrugated cardboard, solid board, and folding cartons, all made from sustainable materials.
In addition to their products, PROGROUP BOARD LIMITED also has a strong sustainability program in place. The company is dedicated to reducing its carbon footprint and minimizing its impact on the environment. They have implemented various measures to achieve this, such as using renewable energy sources, reducing waste and promoting recycling.
The key people behind PROGROUP BOARD LIMITED include the founder and CEO, John Smith, who has extensive experience in the packaging industry. He is supported by a team of highly skilled professionals who are passionate about sustainability and dedicated to delivering high-quality products and services.
If you are interested in learning more about PROGROUP BOARD LIMITED and their sustainable packaging solutions, you can visit their website at www.progroupboard.co.uk. Their registered office address is 25 The Green, Suite A, Richmond, Surrey, TW9 1LX.
In conclusion, PROGROUP BOARD LIMITED is a leading company in the UK that is committed to providing sustainable packaging solutions. With an innovative and environmentally-friendly product range, a strong sustainability program, and a team of dedicated professionals, they are making a positive impact in the packaging industry.
