REESINK UK LTD

PaymentCheck Score 2025
61Fair
vs last year
#3026 in UK
#41 in Agriculture
#193 in East of England

Company Information

Company Number
09893219
Registered Address
1 Station Road, St. Neots, England, PE19 1QF
Status
Active
Employee Count
109
Turnover
£65,028,000
EBITDA
£9,022,000

Additional Details

Company Type
Private limited Company
Incorporated On
27 November 2015
Nature of Business
46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft
Industries
Agriculture
Region
East of England

Time to Pay

Average Time to Pay
41 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:150 days

Payment Timeline

Within 30 Days
47%
31-60 Days
41%
After 60 Days
12%
Not Paid Within Terms52%

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: 2025-01-16
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202517 Jul 20254047%41%12%32%
01 Jul 2024 - 31 Dec 202416 Jan 20254147%41%12%52%
01 Jan 2024 - 30 Jun 202411 Jul 20244243%49%8%0%
31 Jul 2023 - 31 Dec 202309 Feb 20244932%52%16%0%
01 Jul 2022 - 31 Dec 202203 Feb 20236739%42%19%60%
01 Jan 2022 - 30 Jun 202202 Aug 20224239%47%14%61%
01 Jul 2021 - 31 Dec 202103 Feb 202200%0%0%88%
01 Jan 2021 - 30 Jun 202130 Jul 20214240%50%9%78%
01 Jul 2020 - 31 Dec 202029 Jan 20213544%50%6%78%
01 Jan 2020 - 30 Jun 202030 Jul 20202865%33%2%78%
01 Jan 2019 - 30 Jun 201922 Jul 20193855%33%11%65%
01 Jan 2018 - 30 Jun 201802 Aug 20184050%36%14%68%

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

30 days from date of invoice

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Our payment runs are prepared on a weekly basis to include figures due for payment up to the end of that week.

Maximum contractual payment period agreed

150

Dispute Resolution Process

Queries from suppliers are investigated by the finance department and internal checks are done to ensure that all goods or services have been received. Upon receipt of goods or services invoices are authorised and payment runs are completed on a weekly basis. Any queries are communicated to the correct internal departments and suppliers in order to resolve any issues as soon as possible

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

REESINK UK LTD is a leading company in the UK that specializes in the distribution of products and services for the agriculture, landscape, and irrigation sectors. The company is committed to sustainability and offers a range of innovative and eco-friendly solutions to its customers.

The company's sustainability program focuses on reducing its carbon footprint, promoting renewable energy, and minimizing waste through efficient use of resources. They also prioritize working with suppliers who share their commitment to sustainability.

REESINK UK LTD offers a wide range of products and services, including irrigation systems, turf maintenance equipment, and precision farming solutions. These products and services are designed to help customers improve their productivity while minimizing their impact on the environment.

The key people at REESINK UK LTD include Managing Director, Mark Dewsbury, and Operations Director, Rob Jackson. Both have extensive experience in the industry and are dedicated to driving the company's sustainability efforts.

To contact REESINK UK LTD, customers can visit their website at www.reesinkturfcare.co.uk or visit their registered office at 1-3 Station Road, St. Neots, Cambridgeshire, PE19 1QH. The company also has a strong online presence, with active social media accounts on platforms such as Twitter, LinkedIn, and YouTube.

In summary, REESINK UK LTD is a sustainable company that offers a wide range of products and services to the agriculture, landscape, and irrigation sectors. With a commitment to sustainability and a team of experienced professionals, the company is dedicated to providing innovative solutions to its customers while minimizing its impact on the environment.

Financial Metrics

Cash
£178
Net Worth
£14,766,492
Total Current Assets
£26,228,442
Total Current Liabilities
£12,415,853

Company Location