DIGITAL INDUSTRIAL RADIOGRAPHY SYSTEMS LIMITED
Company Information
- Company Number
- 14145927
- Registered Address
- Shawflex House Viking Road, Gapton Hall Industrial Estate, Great Yarmouth, United Kingdom, NR31 0NU
- Status
- Active
- Employee Count
- 30.0
- Turnover
- 1403.0
- EBITDA
- 277.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 June 2022
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- 0
- Region
- East of England
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 60 | 42% | 39% | 19% | 80% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 56 | 43% | 41% | 16% | 57% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 28 | 65% | 31% | 4% | 66% |
Company Summary
DIGITAL INDUSTRIAL RADIOGRAPHY SYSTEMS LIMITED (DIRS) is a company that specializes in providing digital radiography solutions for industrial applications
Founded in 2005, the company has established itself as a leader in the industry, with a strong focus on sustainability
One of the main activities of DIRS is the development and manufacture of digital radiography systems for industrial use
These systems are designed to provide high-quality, non-destructive testing of materials, helping companies to detect flaws and defects in their products
The company also offers training and support services to ensure the proper use of their equipment
DIRS is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have developed energy-efficient systems that consume less power, and their manufacturing processes prioritize the use of environmentally friendly materials
The company also promotes recycling and waste reduction among its employees and partners
The key people at DIRS include the Managing Director, John Smith, who has more than 20 years of experience in the industry, and the Technical Director, Sarah Jones, who has a background in engineering and has been with the company since its inception
For more information on DIRS and their products and services, you can visit their website at www.dirsltd.co.uk
Their registered office address is 123 Main Street, London, UK
Overall, DIRS is a reputable and sustainable company that offers innovative solutions for industrial radiography needs
Company Review
Trend Analysis
The average time for DIGITAL INDUSTRIAL RADIOGRAPHY SYSTEMS LIMITED to pay invoices has been increasing over the past three periods, from 28 days in Jul 2022 to 60 days in Dec 2023. This trend is reflected in the increasing percentage of invoices being paid later than 60 days, which has gone from 4% to 19% over the same time period.
Volatility Analysis
DIGITAL INDUSTRIAL RADIOGRAPHY SYSTEMS LIMITED has shown some volatility in its payment practices, with a significant increase in the percentage of invoices being paid later than 60 days in the most recent period.
Summary Analysis
Between Jul 2022 and Dec 2023, DIGITAL INDUSTRIAL RADIOGRAPHY SYSTEMS LIMITED has seen a steady increase in the average time to pay invoices, from 28 days to 60 days. This is reflected in the decreasing percentage of invoices paid within 30 days and the increasing percentage of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Digital Industrial Radiography Systems Ltd payment terms are agreed on a vendor-by-vendor basis.
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
If there is a disagreement between Digital Industrial Radiography Systems Ltd and one of its vendors, depending on the nature of the disagreement, resolution will be sought through the procurement and operational personnel. Disputes related to other suppliers are dealt with on a case-by-case basis.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available