GRAY & ADAMS LIMITED

PaymentCheck Score 2024
52Fair
New Entry
#4194 in UK
#260 in Road Travel
#191 in Scotland

Company Information

Company Number
SC047482
Registered Address
Gray & Adams, South Road, Fraserburgh, Scotland, AB43 9HU
Status
Active
Employee Count
502
Turnover
£162,606,000
EBITDA
£13,158,000

Additional Details

Company Type
Private limited Company
Incorporated On
30 April 1970
Nature of Business
29202 - Manufacture of trailers and semi-trailers
Industries
Road Travel
Region
Scotland

Time to Pay

Average Time to Pay
37 days
Shortest Period:7 days
Longest Period:75 days
Max Contractual:75 days

Payment Timeline

Within 30 Days
36%
31-60 Days
51%
After 60 Days
13%
Not Paid Within Terms2%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2019-07-11
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
27 Apr 2024 - 26 Oct 202411 Feb 20254823%46%31%5%

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

Payment 15 days after end of month following month 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

75

Dispute Resolution Process

Disputes should be raised in the first instance with the person placing the order and if not resolved escalated to Group Purchasing Manager

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

GRAY & ADAMS LIMITED is a leading manufacturer of commercial vehicle bodies and trailers based in Fraserburgh, Scotland. The company was established in 1957 and has since grown to become a key player in the industry.

The company's sustainability program is a core part of their business strategy, with a focus on reducing their carbon footprint and promoting environmental responsibility. They have implemented various initiatives such as using sustainable materials in their production process, investing in energy-efficient technologies, and actively promoting recycling and waste reduction.

GRAY & ADAMS LIMITED offers a wide range of products and services, including refrigerated trailers, dry freight bodies, and specialist vehicles for different industries such as food and beverage, pharmaceuticals, and logistics. They also provide repair and maintenance services for their products.

The key people at GRAY & ADAMS LIMITED include the managing director, Peter Gray, and the chairman, Jim Gray. Both have extensive experience in the industry and are committed to driving the company's growth and sustainability efforts.

For more information, their website address is www.grayandadams.co.uk. The registered office address is Gray & Adams Limited, South Road, Fraserburgh, Aberdeenshire, AB43 9HU, United Kingdom. Overall, GRAY & ADAMS LIMITED is a reputable and innovative company with a strong focus on sustainability, providing high-quality products and services to their customers.

Financial Metrics

Cash
£8,477,506
Net Worth
£44,401,002
Total Current Assets
£60,999,673
Total Current Liabilities
£32,394,381

Company Location