SYMMETRY MEDICAL SHEFFIELD LTD
Company Information
- Company Number
- 00293190
- Registered Address
- Beulah Road, Sheffield, South Yorkshire, S6 2AN
- Status
- Active
- Employee Count
- 314
- Turnover
- £42,591,000
- EBITDA
- £1,424,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 October 1934
- Nature of Business
- 25500 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy32500 - Manufacture of medical and dental instruments and supplies
- Industries
- Life Sciences And Medical Technology, Manufacturing, Raw Materials And Intermediate Goods
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for SYMMETRY MEDICAL SHEFFIELD LTD. to pay invoices has decreased from 54 days in the first period to 59 days in the third period. However, there was an increase in the second period to 65 days.
Volatility Analysis
The company's volatility in paying invoices can be seen in the changes in the percentage of invoices paid within 30 days and those paid later than 60 days. In the first period, 22% of invoices were paid within 30 days, but this decreased to 19% in the second period before increasing again to 25% in the third period. On the other hand, the percentage of invoices paid later than 60 days increased from 37% in the first period to 44% in the second period before decreasing to 40% in the third period. This shows that the company's payment patterns have fluctuated over the three 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 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 54 | 22% | 41% | 37% | 63% |
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
No standard payment terms. Average terms agreed with suppliers is 30 days after End of Month of Invoice Date - shown as average 45 days.
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
75
Dispute Resolution Process
Invoices received are reconciled to Purchase Orders and Goods Received Notes - any discrepancies identified in this process or other disputes are resolved directly with the supplier as soon as they are identified.
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
Symmetry Medical Sheffield Ltd is a UK-based company that specializes in precision engineering and manufacturing of medical devices. The company was founded in 1984 and has since become a leading supplier of orthopedic implants and instruments.
Their sustainability program focuses on reducing waste and energy consumption, as well as implementing eco-friendly practices in their manufacturing processes. They are committed to using sustainable materials and promoting recycling within their facilities.
Symmetry Medical Sheffield Ltd offers a wide range of products and services, including implants for hip, knee, and shoulder replacement surgeries, as well as instruments for spine, trauma, and sports medicine procedures. Their products are designed and manufactured to the highest quality standards, ensuring safety and reliability for patients.
The company has a team of highly skilled and experienced professionals, including engineers, designers, and manufacturing experts, who work together to develop innovative solutions for the medical industry. Their dedication to research and development has led to the introduction of new and improved products, making them a trusted and respected name in the field of medical devices.
For more information, customers can visit their website at https://www.symmetrymedical.com/, which also includes their contact information and registered office address. Symmetry Medical Sheffield Ltd is committed to providing exceptional customer service and strives to maintain long-term relationships with their clients.
