SHARKNINJA EUROPE LTD

Company Information

Company Number
08492819
Registered Address
1st/2nd Floor Building 3150, Thorpe Park, Century Way, Leeds, England, LS15 8ZB
Status
Active
Employee Count
238.0
Turnover
507546000.0
EBITDA
6433000.0

Additional Details

Company Type
Private limited Company
Incorporated On
17 April 2013
Nature of Business
47540 - Retail sale of electrical household appliances in specialised stores
Industries
Property,Infrastructure And Construction
Region
Yorkshire and The Humber

Company Location

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Financial Metrics

Cash
£59,874,000.00
Net Worth
£38,013,000.00
Total Current Assets
£379,268,000.00
Total Current Liabilities
£348,195,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

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

Payment Timeline

Within 30 Days
71%
31-60 Days
26%
After 60 Days
3%
Not Paid Within Terms5%

Payment Features

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

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Dec 2019Jun 2019Jun 201808162432

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Dec 2019Jun 2019Jun 20180255075100

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20243171%26%3%5%
01 Jan 2023 - 30 Jun 202315 Aug 20232971%23%6%3%
01 Jul 2022 - 31 Dec 202214 Feb 20232585%12%3%29%
01 Jan 2022 - 30 Jun 202228 Jul 20222288%11%1%24%
01 Jul 2021 - 31 Dec 202131 Jan 20222285%13%2%27%
01 Jan 2021 - 30 Jun 202131 Jul 20212186%13%1%14%
01 Jul 2020 - 31 Dec 202030 Jan 20211992%7%1%7%
01 Jan 2020 - 30 Jun 202031 Jul 20201794%5%1%12%
01 Jul 2019 - 31 Dec 201930 Jan 20202098%1%1%11%
01 Jul 2019 - 31 Dec 201930 Jan 2020
01 Jan 2019 - 30 Jun 201918 Jul 20191794%5%1%27%
01 Jul 2018 - 31 Dec 201801 May 20191992%6%2%21%
01 Jan 2018 - 30 Jun 201827 Jul 20181679%15%6%0%

Company Summary

SHARKNINJA EUROPE LTD is a multinational company that specializes in the design, manufacture, and distribution of household appliances

The company was founded in 1994 and is headquartered in Leeds, United Kingdom

Their main focus is on creating innovative and high-quality products that aim to make household chores easier and more efficient for their customers

Their product range includes vacuum cleaners, steam mops, blenders, and other kitchen appliances

In addition to their commitment to providing top-notch products, SHARKNINJA EUROPE LTD also places a strong emphasis on sustainability

They have implemented various initiatives to reduce their environmental impact and promote sustainable practices

This includes using recyclable materials in their packaging, implementing energy-efficient processes in their manufacturing plants, and partnering with organizations to promote responsible waste management

The company is led by a team of experienced and dedicated individuals, including CEO Mark Rosenzweig and Chief Financial Officer James Kershaw

They strive to continuously improve their products and services to meet the changing needs of their customers

For contact information, SHARKNINJA EUROPE LTD can be reached through their website at www.sharkninja.com or through their registered office address at 1 Richmond Park, Sheffield Road, Sheffield, S9 1XH, United Kingdom

Overall, SHARKNINJA EUROPE LTD is a reputable company that prides itself on providing sustainable and innovative solutions for households around the world

Company Review

Trend Analysis

The trend for SharkNinja Europe Ltd's average time to pay invoices has been increasing over the past three periods, with a noticeable increase between 2022-2023. This suggests that the company may be taking longer to pay their suppliers.

Volatility Analysis

The company's percentage of invoices paid within 30 days has remained relatively stable, with a slight decrease from 94% in 2019 to 85% in 2023. However, there has been more volatility in the percentage of invoices paid between 31-60 days, with a high of 26% in 2023 and a low of 1% in 2019. This indicates that the company may have inconsistent payment practices.

Summary Analysis

Between 2018 and 2020, there was a decrease in the average time it took SharkNinja Europe Ltd to pay invoices, with the shortest/only standard payment period being 30 days. However, from 2021 onwards, there has been an increase in the average time to pay, with the shortest/only standard payment period remaining at 30 days. This indicates that the company may be struggling to maintain their previous payment practices.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard payment terms are 60 days from the end of the month in which we receive a valid invoice

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 an invalid invoice being received it will be returned to the supplier for remedy. Receipt date will be from the receipt of a valid invoice only. 1. Addressed to SharkNinja Europe Ltd, 3150 Century Way, Thorpe Park, Leeds, LS15 8ZB 2. Quote your business name and address 3. VAT registered businesses should produce VAT invoices quoting their VAT number 4. Total amount of claim with VAT breakdown 5. All invoices must quote a unique reference number 6. Invoices must be dated after receipt of a valid PO 7. All invoices must quote a valid PO number 8. Description of goods/services

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