SMITHS NEWS TRADING LIMITED
Company Information
- Company Number
- 00237811
- Registered Address
- Rowan House Cherry Orchard North, Kembrey Park, Swindon, SN2 8UH
- Status
- Active
- Employee Count
- 1,487
- Turnover
- £1,086,400,000
- EBITDA
- £47,400,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 9 March 1929
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- Creative,Media And Publishing
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken by SMITHS NEWS TRADING LIMITED to pay invoices has been fluctuating over the past three periods, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has remained consistent at 88%, while the percentage of invoices paid later than 60 days has increased from 0% to 1% in the most recent period.
Volatility Analysis
The volatility of SMITHS NEWS TRADING LIMITED's payment behavior has been relatively low, with only small changes in the average time to pay and the percentage of invoices paid within different time periods.
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 Sept 2024 - 01 Mar 2025 | 17 Mar 2025 | 18 | 86% | 13% | 1% | 3% |
| 27 Aug 2023 - 24 Feb 2024 | 11 Mar 2024 | 18 | 85% | 14% | 1% | 1% |
| 26 Feb 2023 - 28 Aug 2023 | 12 Sept 2023 | 19 | 85% | 14% | 1% | 2% |
| 27 Aug 2022 - 25 Feb 2023 | 14 Mar 2023 | 15 | 83% | 16% | 1% | 3% |
| 28 Feb 2022 - 26 Aug 2022 | 09 Sept 2022 | 15 | 86% | 14% | 0% | 0% |
| 29 Aug 2021 - 26 Feb 2022 | 14 Mar 2022 | 19 | 83% | 16% | 1% | 1% |
| 28 Feb 2021 - 28 Aug 2021 | 28 Sept 2021 | 20 | 83% | 16% | 1% | 2% |
| 30 Aug 2020 - 27 Feb 2021 | 29 Mar 2021 | 14 | 85% | 14% | 1% | 1% |
| 01 Mar 2020 - 31 Aug 2020 | 21 Sept 2020 | 19 | 87% | 11% | 2% | 12% |
| 01 Sept 2019 - 29 Feb 2020 | 01 Apr 2020 | |||||
| 01 Mar 2019 - 31 Aug 2019 | 25 Sept 2019 | 18 | 88% | 11% | 1% | 4% |
| 01 Sept 2018 - 28 Feb 2019 | 27 Mar 2019 | 18 | 88% | 11% | 1% | 3% |
| 01 Mar 2018 - 31 Aug 2018 | 08 Oct 2018 | 17 | 88% | 11% | 0% | 2% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 16 | 88% | 12% | 0% | 1% |
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
Standard non-trade payment terms of 60 days are deemed the firm's default, unless specific agreement is reached with individual suppliers for an alternative payment period. Trade Suppliers are paid on the 10th day of the second month following supply, unless alternative contracted terms are in place. Sub-contractor payments are 18 days from self-billed invoicing.
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
60
Dispute Resolution Process
Invoices are matched on receipt and disputed invoices notified to the supplier. Disputes are managed directly between the supplier and site and resolved items are then reprocessed.
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
SMITHS NEWS TRADING LIMITED is a UK-based company that specializes in the distribution and wholesaling of newspapers, magazines, and books. The company has been in operation since 1792 and has established itself as a leading player in the industry.
The company's sustainability program focuses on reducing its environmental impact and promoting responsible sourcing. This includes using sustainable packaging materials and implementing energy-efficient practices in their operations. They also work closely with their suppliers to ensure ethical and sustainable practices are followed.
In addition to their core business, SMITHS NEWS TRADING LIMITED offers a range of products and services to their customers. This includes a wide selection of newspapers, magazines, and books from various publishers. They also provide delivery services to retailers and offer digital solutions to help publishers reach a wider audience.
Key people in the company include the CEO, Simon Fuller, who has been with the company for over 20 years and has a strong background in the publishing industry. Other key executives include the Managing Director, Sarah Searson, and the Finance Director, David Galvin.
To contact SMITHS NEWS TRADING LIMITED, you can visit their website at www.smithsnews.co.uk or reach their registered office at 161 Marsh Wall, London E14 9SJ. The company's commitment to sustainability, combined with their extensive range of products and services, has solidified their position as a leader in the industry.
