SHARPS BEDROOMS LIMITED
Company Information
- Company Number
- 07685430
- Registered Address
- Springvale Park Industrial Estate, Bilston, West Midlands, WV14 0QL
- Status
- Active
- Employee Count
- 691
- Turnover
- £125,784,000
- EBITDA
- £17,456,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 28 June 2011
- Nature of Business
- 31090 - Manufacture of other furniture
- Industries
- Property-related Goods And Services
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for SHARPS BEDROOMS LIMITED to pay invoices has remained relatively consistent over the past three periods, with only a slight increase from 36 days in the first period to 38 days in the most recent period.
Volatility Analysis
Overall, there has been minimal volatility in the time taken for SHARPS BEDROOMS LIMITED to pay invoices. The average time to pay has only fluctuated by 2 days over the three periods.
Summary Analysis
Over the past three periods, SHARPS BEDROOMS LIMITED has had an average time to pay of 36 to 38 days, with a consistent percentage of invoices paid within 30 days (51% to 54%). There has been a slight increase in the percentage of invoices paid between 31 and 60 days, but the percentage of invoices paid later than 60 days has remained steady at 8%.
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 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 38 | 49% | 43% | 8% | 4% |
| 01 Oct 2018 - 31 Mar 2019 | 24 Apr 2019 | |||||
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 37 | 51% | 41% | 8% | 4% |
| 02 Oct 2017 - 01 Apr 2018 | 02 May 2018 | 36 | 53% | 39% | 8% | 4% |
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
Sharps Bedrooms Limited splits its vendors into three main categories based on the nature of their supply. Payments are made on a weekly basis and the types and their most frequently used payment terms are: 1) Stock suppliers – Major stock suppliers are paid on specific trading terms typically being 60 days from invoice basis 2) Non- stock suppliers – Most non-stock suppliers are paid on 30 days from invoice basis 3) Specifics – A small number of specific suppliers are paid on individually negotiated terms
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
With regards to disputes, suppliers should contact the individual who placed the order from the Company. If the matter is not able to be resolved, it is then referred to either the Purchasing Manager or the Financial Controller.
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.
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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.
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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
SHARPS BEDROOMS LIMITED is a UK-based company that specializes in providing bespoke fitted bedrooms. They have been in business for over 40 years and have a strong focus on sustainability.
Their sustainability program includes using sustainably sourced materials, such as FSC certified wood, and implementing energy-efficient practices in their manufacturing process. They also have a recycling program in place for their packaging materials.
The company offers a wide range of products and services, including fitted wardrobes, storage solutions, and sliding wardrobes, all of which are custom-made to fit the customer's specific needs and preferences. They also offer a free design service and installation by their trained professionals.
The key people at SHARPS BEDROOMS LIMITED include the managing director, Andrew Hill, and the head of design, Anna Ryder. They have a team of over 800 employees across the UK, all dedicated to providing high-quality products and excellent customer service.
For more information on their products and services, customers can visit their website at www.sharps.co.uk. The company's registered office address is Sharps Bedrooms Limited, 2 Kingdom Close, Segensworth East, Fareham, Hampshire PO15 5TJ.
