SILENTNIGHT GROUP LIMITED
Company Information
- Company Number
- 07525259
- Registered Address
- Long Ing Business Park, Long Ing Lane, Barnoldswick, Lancashire, BB18 6BJ
- Status
- Active
- Employee Count
- 732
- Turnover
- £125,191,000
- EBITDA
- £14,857,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 February 2011
- Nature of Business
- 31030 - Manufacture of mattresses
- Industries
- Property-related Goods And Services
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for SILENTNIGHT GROUP LIMITED has remained relatively consistent over the past three periods, with a slight decrease from 46 days in Feb 2018 to 43 days in Feb 2019. However, there has been a consistent trend of paying invoices within 30 days, with 32% in all three periods. This suggests that the company is making an effort to pay its invoices on time.
Volatility Analysis
The volatility in the time taken to pay invoices for SILENTNIGHT GROUP LIMITED has been relatively low, with only a slight decrease of 2 days between the first and third period. This indicates that the company has been consistent in its payment practices.
Summary Analysis
Overall, SILENTNIGHT GROUP LIMITED has maintained a consistent average time to pay of 46 days, with a high percentage of invoices paid within 30 days (32%). There has been no significant change in the percentage of invoices paid within 30-60 days, with 56% in all three periods. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 12% in Feb 2018 to 12% in Feb 2019. The shortest (or only) standard payment period for the company is 30 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 |
|---|---|---|---|---|---|---|
| 04 Feb 2019 - 03 Aug 2019 | 20 Sept 2019 | 43 | 33% | 55% | 12% | 0% |
| 04 Aug 2018 - 03 Feb 2019 | 22 Jul 2019 | 44 | 32% | 56% | 12% | 0% |
| 04 Feb 2018 - 03 Aug 2018 | 24 Aug 2018 | 46 | 32% | 56% | 12% | 0% |
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
Our standard terms are 30 days end of month, however for our larger suppliers we agree to their standard terms as these tend to be more beneficial.
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
90
Dispute Resolution Process
Any amounts in dispute are held from payment until the dispute is resolved. We do not hold the whole invoice, only the amount in 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
SILENTNIGHT GROUP LIMITED is a leading company in the UK that specializes in the manufacturing and sale of beds and mattresses. The company was established in 1949 and is headquartered in Lancashire, UK.
Sustainability is a key focus for SILENTNIGHT, with their sustainability program encompassing various initiatives such as reducing carbon footprint, using sustainable materials, and promoting recycling. The company has also been awarded the FSC (Forest Stewardship Council) certification for their commitment to using sustainable wood in their products.
Their products include a wide range of high-quality beds and mattresses, including memory foam, pocket sprung, and orthopaedic options. SILENTNIGHT also offers a recycling service for old mattresses, promoting a circular economy and reducing waste.
The key people at SILENTNIGHT GROUP LIMITED include the CEO Steve Freeman and the Managing Director, Richard Logan. The company employs over 1,200 people and has a strong presence in the UK market.
For more information on their products and services, customers can visit their website at www.silentnight.co.uk. The company's registered office address is at Long Ing Business Park, Long Ing Lane, Barnoldswick, Lancashire, BB18 6BJ. Overall, SILENTNIGHT GROUP LIMITED is a reputable and sustainable company that offers high-quality bedding products while also promoting environmental responsibility.
