CANTERBURY OF NEW ZEALAND LIMITED
Company Information
- Company Number
- 06931046
- Registered Address
- 8 Manchester Square, London, W1U 3PH
- Status
- Active
- Employee Count
- 0
- Turnover
- £23,868,000
- EBITDA
- -£7,729,000
Additional Details
- Website
- https://canterburynz.com/
- Company Type
- Private limited Company
- Incorporated On
- 11 June 2009
- Nature of Business
- 14190 - Manufacture of other wearing apparel and accessories not elsewhere classified46410 - Wholesale of textiles
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for CANTERBURY OF NEW ZEALAND LIMITED shows a general trend of decreasing average time to pay invoices and an increasing percentage of invoices paid within 30 days. However, there is also a slight increase in the percentage of invoices paid between 31 and 60 days and a fluctuation in the percentage of invoices paid later than 60 days.
Volatility Analysis
The volatility in the data for CANTERBURY OF NEW ZEALAND LIMITED can be seen in the fluctuation of the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. There is also a significant decrease in the average time to pay in the period of 2021-07-01 to 2021-12-31 compared to the previous period.
Summary Analysis
From the data, we can see that there has been a significant improvement in the payment process of CANTERBURY OF NEW ZEALAND LIMITED over the past three periods. In the period of 2021-07-01 to 2021-12-31, there was a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days compared to the previous period. This shows a positive trend towards early payment. However, there was also a slight increase in the percentage of invoices paid between 31 and 60 days, and a significant increase in the percentage of invoices paid later than 60 days in the same period. This indicates that while there has been an improvement in early payment, there are still some issues with invoices being paid later than 60 days.
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 2022 - 30 Jun 2022 | 01 Aug 2022 | 20 | 84% | 15% | 1% | 27% |
| 01 Jul 2021 - 31 Dec 2021 | 07 Mar 2022 | 48 | 66% | 19% | 15% | 37% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 70 | 65% | 17% | 18% | 35% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 65 | 76% | 14% | 10% | 51% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 22 | 86% | 11% | 3% | 68% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 11 | 96% | 4% | 1% | 46% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 23 | 58% | 28% | 14% | 68% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 15 | 57% | 28% | 14% | 52% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 28 | 34% | 34% | 32% | 71% |
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
We usually work to our suppliers' payment terms. In absence of formal terms we will apply 30 days.
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
In the event of a dispute, the supplier would contact our AP department or their lead contact in our business. We would determine if a late payment was a result of administrative error, or dispute over the services. Where the late payment was administrative, we would request immediate payment from the AP team. Where there was a clear dispute over performance of the contract, we would agree a remediation/correction plan with our supplier. In the unlikely event that no agreement is reached with the supplier we would involve our internal and external legal consultants over any expected litigation action.
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.
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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.
❌
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
Canterbury of New Zealand Limited is a clothing and apparel company based in New Zealand. Founded in 1904, the company specializes in producing high-quality rugby and sportswear for men, women, and children.
One of the key focuses of Canterbury of New Zealand is their sustainability program. They are committed to reducing their environmental impact by using sustainable materials and implementing sustainable practices in their production processes. They also have a recycling program for their products, encouraging customers to send back used items for recycling.
The company's product line includes a wide range of clothing, including jerseys, shorts, jackets, and accessories, all designed for sports and outdoor activities. They also offer custom team wear for rugby, football, and other sports teams.
The key people behind the success of Canterbury of New Zealand include CEO, Tim Connell, and Creative Director, Chris Stephenson. They work together to uphold the company's values of quality, authenticity, and innovation.
For more information about Canterbury of New Zealand and their products, customers can visit their website at www.canterbury.com. The company's registered office address is 19 Birmingham Drive, Middleton, Christchurch, New Zealand.
In summary, Canterbury of New Zealand Limited is a sustainable and innovative company that produces high-quality sportswear and custom team wear. With a focus on sustainability and a dedicated team, they continue to be a leading brand in the sports apparel industry.
