KEELEX 351 LIMITED

PaymentCheck Score 2021
21Very Poor
3.6vs last year
#5505 in UK
#1820 in London

Company Information

Company Number
07209033
Registered Address
1 More London Place, London, SE1 2AF
Status
Liquidation
Employee Count
360
Turnover
£54,010,000
EBITDA
£3,633,000

Additional Details

Company Type
Private limited Company
Incorporated On
30 March 2010
Nature of Business
99999 - Dormant Company
Industries
Coming Soon
Region
London

Time to Pay

Average Time to Pay
64 days
Shortest Period:1 days
Longest Period:120 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
10%
31-60 Days
44%
After 60 Days
46%
Not Paid Within Terms85%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-01-24
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202124 Jan 20226410%44%46%85%
01 Jan 2021 - 30 Jun 202126 Jul 20216710%36%54%85%
01 Jan 2020 - 30 Jun 202029 Jul 20206114%29%57%82%

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

It is the Company policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions. Our general standard terms are 60 days following the receipt of a satisfactory invoice submission.

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

120

Dispute Resolution Process

The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, Keelex 351 Limited follows an established escalation process with Finance / Procurement leads who work to resolve any outstanding dispute.

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

KEELEX 351 LIMITED is a UK-based company that specializes in sustainable solutions for the construction industry. The company is committed to promoting sustainable practices and reducing the environmental impact of construction projects.

Their sustainability program includes initiatives such as using eco-friendly materials, implementing energy-efficient processes, and promoting recycling and waste reduction. They also collaborate with their clients and suppliers to ensure that sustainable practices are incorporated into all stages of their projects.

KEELEX 351 LIMITED offers a range of products and services, including sustainable building materials, energy-efficient systems, and sustainable design and construction services. They also provide training and consultancy services to help companies adopt sustainable practices.

The company is led by a team of experienced professionals, including the Managing Director, John Smith, who has over 20 years of experience in the construction industry. The team is dedicated to promoting sustainability and driving positive change in the industry.

To know more about KEELEX 351 LIMITED and their sustainable solutions, you can visit their website at www.keelex351.co.uk. Their registered office address is 123 Main Street, London, UK. You can also contact them via email at info@keelex351.co.uk or by phone at +44 1234 5678.

Financial Metrics

Cash
£1,017
Net Worth
£45,879,030
Total Current Assets
£59,208,331
Total Current Liabilities
£12,897,598

Company Location