OPTICAL EXPRESS LIMITED
Company Information
- Company Number
- SC161469
- Registered Address
- 200 St. Vincent Street, Glasgow, Scotland, G2 5SG
- Status
- Active
- Employee Count
- 705
- Turnover
- £109,098,000
- EBITDA
- £28,804,000
Additional Details
- Website
- https://opticalexpress.com/
- Company Type
- Private limited Company
- Incorporated On
- 3 November 1995
- Nature of Business
- 86900 - Other human health activities
- Industries
- Coming Soon
- Region
- West of Scotland
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 |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 04 Aug 2025 | 10 | 93% | 6% | 1% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 12 | 95% | 4% | 1% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 8 | 97% | 2% | 1% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 8 | 94% | 4% | 2% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 10 | 96% | 2% | 2% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 11 | 95% | 2% | 3% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 9 | 96% | 2% | 2% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 7 | 95% | 2% | 3% | 7% |
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
The company's standard payment term are that invoiced amounts are paid within 30 days of the end of the month in which a correctly rendered invoice is received. Significant contracts are subject to specific credit terms negotiated and set out at the contracting stage and will therefore vary.
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
120
Dispute Resolution Process
Any disputes unresolved with the accounts payable department are escalated to the Company Secretary and thereafter, if unresolved, to the Finance Director.
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
OPTICAL EXPRESS LIMITED is a British optical retailer that offers a wide range of products and services related to eye care
The company was founded in 1991 and has since expanded to become a leading provider of eye care in the UK and Europe.\n\nThe primary focus of OPTICAL EXPRESS LIMITED is to provide customers with high-quality eye care services, including eye tests, contact lenses, glasses, and laser eye surgery
They also offer a variety of designer and budget eyewear options to cater to different customer needs.\n\nIn addition to their products and services, OPTICAL EXPRESS LIMITED is committed to sustainability and has a dedicated sustainability program in place
This includes initiatives such as reducing their carbon footprint, using eco-friendly materials, and promoting recycling and energy efficiency in their stores.\n\nThe company is led by a team of experienced and knowledgeable individuals, including CEO David Moulsdale, who has over 25 years of experience in the optical industry
They also have a team of qualified optometrists and ophthalmic surgeons who ensure the highest standards of eye care for their customers.\n\nFor customers looking to get in touch with OPTICAL EXPRESS LIMITED, they can visit their website at www.opticalexpress.co.uk
The company's registered office address is 5 Deerdykes Road, Cumbernauld, Glasgow, G68 9HF, United Kingdom
Overall, OPTICAL EXPRESS LIMITED is a reputable and customer-focused optical retailer that strives to provide the best eye care services while also promoting sustainability
