JOHNSON CONTROLS HITACHI AIR CONDITIONING EUROPE UK BRANCH
Company Information
- Company Number
- BR015653
- Registered Address
- Building 7 Foundation Park, Maidenhead, Roxborough Way, SL6 3UD
- Status
- Open
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- UK Establishment - Activities In Relation To Air Conditioning
- Industries
- Coming Soon
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for JOHNSON CONTROLS HITACHI AIR CONDITIONING EUROPE UK BRANCH to pay invoices has been decreasing over the past three periods, from 46 days in Oct 2017-Mar 2018 to 38.2 days in Oct 2018-Mar 2019.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been low, with only a 4.2% decrease from Oct 2017-Mar 2018 to Oct 2018-Mar 2019. However, there has been a significant decrease in the percentage of invoices paid later than 60 days, from 23% in Oct 2017-Mar 2018 to 12.2% in Oct 2018-Mar 2019. This indicates a more consistent and timely payment pattern.
Summary Analysis
JOHNSON CONTROLS HITACHI AIR CONDITIONING EUROPE UK BRANCH has shown positive improvements in their payment process over the past three periods. The average time taken to pay invoices has decreased by 7.8% and the percentage of invoices paid within 30 days has increased by 8%. The company has also reduced the percentage of invoices paid later than 60 days by 10.8%. Overall, this demonstrates a more efficient and timely payment process.
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 Oct 2017 - 31 Mar 2018 | 09 May 2018 | 46 | 70% | 7% | 23% | 40% |
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
60 days end of month
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
90
Dispute Resolution Process
Suppliers are encouraged to contact the Company accounts Payables team in order to discuss queries. If further discussion is required the Procurement Department will be responsible for resolution. Further elevation according to the Company ‘Delegation of Authority’ is normal procedure.
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
Johnson Controls Hitachi Air Conditioning Europe UK Branch is a leading provider of sustainable and innovative air conditioning solutions. The company is committed to reducing energy consumption and promoting sustainability through their products and services.
Their sustainability program includes initiatives such as reducing carbon emissions, implementing energy-efficient technologies, and promoting responsible waste management. The company also actively works towards improving the energy efficiency of their products and reducing their environmental impact.
One of their key products is the VRF (Variable Refrigerant Flow) system, which uses advanced technology to provide efficient heating and cooling solutions for buildings. They also offer a wide range of air conditioning units, including split systems, multi-splits, and chillers.
The company is led by a team of experienced professionals, with Mr. Jason Ashby as the Managing Director. They have a dedicated team of engineers and technicians who work towards providing high-quality and sustainable solutions to their customers.
For more information about their products, services, and sustainability efforts, customers can visit their website at www.johnsoncontrols.com/uk. Their registered office address is located in Bracknell, Berkshire.
