SYNETIQ LIMITED
Company Information
- Company Number
- 11771655
- Registered Address
- Bentley Moor Lane, Adwick-Le-Street, Doncaster, South Yorkshire, United Kingdom, DN6 7BD
- Status
- Active
- Employee Count
- 586
- Turnover
- £96,309,000
- EBITDA
- £4,384,000
Additional Details
- Website
- https://www.synetiq.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 16 January 2019
- Nature of Business
- 45112 - Sale of used cars and light motor vehicles46770 - Wholesale of waste and scrap64209 - Activities of other holding companies not elsewhere classified82990 - Other business support service activities not elsewhere classified
- Industries
- Environment,Agriculture And Waste,Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 23 Jul 2025 | 12 | 89% | 8% | 3% | 5% |
| 01 Jul 2024 - 31 Dec 2024 | 21 Jan 2025 | 15 | 87% | 9% | 4% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 19 | 85% | 8% | 7% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Jan 2024 | 3 | 98% | 2% | 0% | 9% |
| 01 Sept 2022 - 31 Dec 2022 | 24 Jan 2023 | 3 | 99% | 1% | 0% | 18% |
| 01 Mar 2022 - 31 Aug 2022 | 29 Sept 2022 | 2 | 99% | 1% | 0% | 16% |
| 01 Sept 2021 - 28 Feb 2022 | 22 Mar 2022 | 3 | 98% | 1% | 1% | 16% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 3 | 98% | 2% | 0% | 15% |
| 01 Sept 2020 - 28 Feb 2021 | 30 Sept 2021 | 6 | 94% | 5% | 1% | 20% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2021 | 5 | 95% | 4% | 1% | 22% |
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
Standard payment terms range from payment on presentation of invoice to 60 days after receipt of invoice.
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
30
Dispute Resolution Process
Invoice queries or disputes are raised by the accounts payable team. The invoice is put on hold and payment will not be made until the query is resolved.
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
SYNETIQ LIMITED is a UK-based company that specializes in providing sustainable solutions for automotive recycling and salvage. The company was founded in 2019 and has since established itself as a leading player in the industry.
One of the key activities of SYNETIQ LIMITED is the collection and disposal of end-of-life vehicles (ELVs) in an environmentally responsible manner. The company has a network of authorized treatment facilities (ATFs) across the UK where the ELVs are dismantled and recycled. This process helps to reduce the environmental impact of automotive waste and also ensures the proper disposal of hazardous materials.
In addition to ELV recycling, SYNETIQ LIMITED also offers a range of services such as vehicle salvage and recovery, vehicle dismantling, and parts recycling. These services not only contribute to the company's sustainability efforts but also support the circular economy by reusing and repurposing materials from old vehicles.
SYNETIQ LIMITED is committed to sustainability and has implemented a number of initiatives to reduce its carbon footprint. This includes investing in electric and hybrid vehicles for its fleet, utilizing renewable energy sources in its operations, and implementing recycling programs at its facilities. The company also works closely with its suppliers and partners to ensure sustainable practices throughout its supply chain.
The key people at SYNETIQ LIMITED include the CEO, Tom Rumboll, and the Managing Director, Jason Cross. Together, they bring years of experience in the automotive industry and a strong commitment to sustainability.
For any inquiries or further information, SYNETIQ LIMITED can be contacted through their website at www.synetiq.co.uk. Their registered office address is 1 Queen Street, Sheffield, S1 2DU, United Kingdom.
