CHAIN REACTION CYCLES LTD
Company Information
- Company Number
- NI036744
- Registered Address
- C/O A&L GOODBODY NORTHERN IRELAND LLP, 42-46 Fountain Street, Belfast, BT1 5EF
- Status
- In Administration
- Employee Count
- 149
- Turnover
- £6,240,000
- EBITDA
- £244,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 August 1999
- Nature of Business
- 47640 - Retail sale of sports goods, fishing gear, camping goods, boats and bicycles47910 - Retail sale via mail order houses or via Internet
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- Northern Ireland
Time to Pay
Payment Timeline
Payment Features
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 |
|---|---|---|---|---|---|---|
| 31 Dec 2018 - 30 Jun 2019 | 23 Jul 2019 | 41 | 50% | 25% | 25% | 45% |
| 01 Jul 2018 - 30 Dec 2018 | 12 Feb 2019 | 410 | 7% | 4% | 89% | 93% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 382 | 14% | 46% | 40% | 12% |
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
Terms are dependent on supplier
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
Dealt with on a case by case basis depending on dispute. Work with supplier to resolve in first instance.
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
CHAIN REACTION CYCLES LTD is a leading online retailer of bicycles, cycling accessories, and related products. Founded in 1984 in Northern Ireland, the company has grown to become one of the largest and most trusted cycling retailers in Europe.
Sustainability is an important aspect of the company's operations. They have a strong commitment to reducing their environmental impact and promoting sustainable practices. This is reflected in their packaging, which is made from recycled materials, and their use of renewable energy sources in their warehouses.
The company offers a wide range of products for all types of cycling, including road, mountain, and urban biking. They also have a selection of electric bikes, which are becoming increasingly popular for their eco-friendly nature. In addition to bikes, CHAIN REACTION CYCLES LTD also sells cycling clothing, helmets, accessories, and nutrition products.
The key people at CHAIN REACTION CYCLES LTD include the founder and CEO, Chris Watson, who has over 30 years of experience in the cycling industry, and the managing director, Michael Cowan, who has been with the company for over 10 years.
Customers can contact CHAIN REACTION CYCLES LTD through their website, which offers a convenient online shopping experience, as well as through their customer service hotline. The company's registered office address is in Ballyclare, Northern Ireland.
In summary, CHAIN REACTION CYCLES LTD is a reputable and sustainable online retailer of bicycles and cycling products, with a range of offerings for all types of cyclists. With a commitment to reducing their environmental impact and a dedicated team of experienced individuals, the company continues to be a go-to destination for cycling enthusiasts.
