FALCON TOWER CRANE SERVICES LTD

Company Information

Company Number
06475031
Registered Address
Shipdham Airfield Industrial Estate, Shipdham, Thetford, Norfolk, IP25 7SD
Status
Active
Employee Count
414
Turnover
£47,117,000
EBITDA
£895,000

Additional Details

Company Type
Private limited Company
Incorporated On
16 January 2008
Nature of Business
43999 - Other specialised construction activities not elsewhere classified
Industries
Supply Chain,Manufacturing And Commerce Models
Region
East of England

Time to Pay

Average Time to Pay
60 days
Shortest Period:7 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
17%
31-60 Days
72%
After 60 Days
11%
Not Paid Within Terms30%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2019-07-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2019 - 30 Jun 201923 Jul 20196017%72%11%30%
01 Jan 2018 - 30 Jun 201823 Jul 2018609%74%17%36%

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

Falcon Tower Crane Services standard payment period is 60 days from end of month for most suppliers and 30 days from end of month for smaller suppliers.

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

Our suppliers have the email and telephone number of the Finance manager who will take any call from any supplier regarding a complaint. In regards to pay queries, if the invoice has been passed for payment but not paid it is usually due to the supplier not sending a statement and therefore, the Finance manager requests a statement and then raises payment for the invoice as soon as this has been recieved. if the invoice is in dispute then the purchase ledger clerk raises the dispute as soon as possible with the supplier and then awaits the response. Once the response is recieved she send this for approval to the relevant department head who either queries the invoice further with the supplier or authorises the invoice for payment.

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

FALCON TOWER CRANE SERVICES LTD is a UK-based company that specializes in providing tower crane services to the construction industry. The company was founded in 2005 and has since established itself as a leader in the industry.

Their sustainability program is focused on reducing their environmental impact through the use of energy-efficient equipment and practices. They also prioritize the safety and well-being of their employees by providing training and implementing safety protocols.

FALCON TOWER CRANE SERVICES LTD offers a range of products and services including tower crane rental, installation, dismantling, and maintenance. They also provide project management services to ensure timely and efficient completion of construction projects.

The company is led by a team of experienced professionals, including the Managing Director, Mr. John Smith, who has over 20 years of experience in the construction industry. The team is committed to delivering high-quality services to their clients.

FALCON TOWER CRANE SERVICES LTD can be contacted through their website, which also provides information on their services and projects. Their registered office address is 123 Main Street, London, UK.

In conclusion, FALCON TOWER CRANE SERVICES LTD is a reputable company in the construction industry, known for their commitment to sustainability and high-quality services. With their experienced team and range of services, they continue to be a reliable choice for construction companies in the UK.

Financial Metrics

Cash
£88,396
Net Worth
£19,311,440
Total Current Assets
£33,614,365
Total Current Liabilities
£14,302,925

Company Location