SIMPSONS MALT LIMITED
Company Information
- Company Number
- 00153026
- Registered Address
- Tweed Valley Maltings, Tweedside Trading Estate, Ord Road, Berwick -Upon- Tweed, TD15 2UZ
- Status
- Active
- Employee Count
- 366
- Turnover
- £273,817,000
- EBITDA
- £16,810,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 February 1919
- Nature of Business
- 01610 - Support activities for crop production01630 - Post-harvest crop activities11060 - Manufacture of malt46210 - Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
- Industries
- Environment,Agriculture And Waste,Lifestyle And Entertainment
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for SIMPSONS MALT LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in the latest period.
Volatility Analysis
The company's percentage of invoices paid within 30 days has varied between 49% and 59%, with the most recent period showing an improvement compared to the previous two periods. The percentage of invoices paid later than 60 days has also fluctuated, with the highest being 3% in the latest period.
Summary Analysis
In the past three periods, SIMPSONS MALT LIMITED has shown a consistent trend of paying invoices within 30 days, with the percentage ranging from 51% to 59%. However, there has been an increase in the percentage of invoices paid later than 60 days in the latest period, which may be a cause for concern. The company has also consistently maintained a standard payment period of 28 days.
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 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 29 | 57% | 41% | 2% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 32 | 53% | 45% | 2% | 25% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 28 | 62% | 36% | 2% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 08 Aug 2022 | 30 | 56% | 42% | 2% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 29 | 59% | 39% | 2% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 31 | 51% | 47% | 2% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 30 | 58% | 40% | 2% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 33 | 44% | 53% | 3% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 29 | 54% | 44% | 2% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 32 | 49% | 49% | 2% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 29 | 55% | 43% | 2% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 31 | 53% | 46% | 1% | 13% |
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
Our standard payment terms are end of month following receipt of invoice and invoices will be paid in the weekly payment run that follows this
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
Supplier payment issues that arise will be considered by the department who have procured the qualifying contract. They will contact the supplier at the earliest convenience to attempt to find a solution
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
SIMPSONS MALT LIMITED is a family-owned business that has been in the malt production industry since 1862. The company is based in Berwick-upon-Tweed, Northumberland, UK and operates in the agricultural sector, specifically in the production of malted barley for the brewing, distilling, and food industries.
The company has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact. They have a sustainability program in place that includes reducing water and energy consumption, increasing the use of renewable energy, and promoting responsible farming practices among their suppliers.
SIMPSONS MALT LIMITED offers a range of high-quality malt products, including pale, crystal, roasted, and specialty malts, to their clients in the brewing, distilling, and food industries. They also offer technical support and advice to their customers, helping them to achieve the desired flavor and quality in their products.
The company is led by a team of experienced and knowledgeable individuals, including the Managing Director, Chairman, and Executive Director. They are committed to delivering top-quality products and services while also maintaining a strong focus on sustainability.
For more information on SIMPSONS MALT LIMITED, their products, and sustainability initiatives, visit their website at www.simpsonsmalt.co.uk. Their registered office address is at Tweed Valley Maltings, Berwick-upon-Tweed, Northumberland, TD15 2UY, UK.
