VOLVO CONSTRUCTION EQUIPMENT HAULERS LIMITED
Company Information
- Company Number
- SC086323
- Registered Address
- Newhouse Industrial Estate, Newhouse, Motherwell, Lanarkshire, ML1 5RY
- Status
- Active
- Employee Count
- 366
- Turnover
- £83,036,000
- EBITDA
- £7,123,000
Additional Details
- Website
- https://www.rokbak.com/
- Company Type
- Private limited Company
- Incorporated On
- 19 January 1984
- Nature of Business
- 28921 - Manufacture of machinery for mining
- Industries
- Distribution And Delivery
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for VOLVO CONSTRUCTION EQUIPMENT HAULERS LIMITED to pay invoices has been decreasing over the past three periods, with a slight increase in the latest period.
Volatility Analysis
The percentage of invoices paid within 30 days has been variable over the past three periods, with the highest being 19% in the latest period and the lowest being 8% in the first period. The percentage of invoices paid between 31 and 60 days has also been variable, with the highest being 54% in the latest period and the lowest being 34% in the first period. The percentage of invoices paid later than 60 days has been decreasing over the past three periods, with the lowest being 30% in the latest period and the highest being 58% in the first period.
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 2020 - 30 Jun 2020 | 28 Jul 2020 | 62 | 19% | 49% | 32% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 17 Feb 2020 | 59 | 16% | 54% | 30% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Oct 2019 | 63 | 14% | 53% | 33% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 26 Feb 2019 | 64 | 10% | 38% | 52% | 52% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 64 | 8% | 34% | 58% | 44% |
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
Invoices will be placed into the company network system, the relevant purchase order or invoice owner is then notified of the nature of the dispute and it is assigned to them to resolve.
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?
❌
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
VOLVO CONSTRUCTION EQUIPMENT HAULERS LIMITED is a leading company in the construction equipment industry, specializing in haulers and other heavy machinery. With a strong focus on sustainability, the company is dedicated to reducing its environmental impact and promoting sustainable practices within the industry.
Their sustainability program includes initiatives such as reducing emissions, promoting fuel efficiency, and implementing sustainable supply chain practices. They also prioritize the use of renewable energy sources and strive to minimize waste and promote recycling.
The company offers a diverse range of products and services including articulated haulers, rigid haulers, wheel loaders, and excavators. These machines are designed to meet the specific needs of the construction industry, providing efficient and reliable solutions for various projects.
Key people at VOLVO CONSTRUCTION EQUIPMENT HAULERS LIMITED include the CEO, Martin Weissburg, and the President of the EMEA (Europe, Middle East, and Africa) region, Carl Slotte. The company has a strong global presence, with offices and production facilities in several countries.
Their website, www.volvoce.com, provides information on their products, services, and sustainability initiatives. The registered office address for VOLVO CONSTRUCTION EQUIPMENT HAULERS LIMITED is Volvo Construction Equipment AB, SE-631 85 Eskilstuna, Sweden.
In summary, VOLVO CONSTRUCTION EQUIPMENT HAULERS LIMITED is a leading company in the construction equipment industry, with a strong commitment to sustainability. Their range of products and services, along with their dedicated team and global presence, make them a reliable and environmentally responsible choice for construction companies.
