Industry ranking
| 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 Nov 2024 - 30 Apr 2025 | 30 May 2025 | 30 | 64% | 34% | 2% | 8% |
| 01 May 2024 - 31 Oct 2024 | 29 Nov 2024 | 32 | 59% | 38% | 3% | 7% |
| 01 Nov 2023 - 30 Apr 2024 | 31 May 2024 | 31 | 66% | 31% | 3% | 11% |
| 01 May 2023 - 31 Oct 2023 | 30 Nov 2023 | 35 | 52% | 44% | 4% | 14% |
| 01 Nov 2022 - 30 Apr 2023 | 25 May 2023 | 40 | 60% | 30% | 10% | 19% |
| 01 May 2022 - 31 Oct 2022 | 30 Nov 2022 | 38 | 43% | 51% | 6% | 27% |
| 01 Nov 2021 - 30 Apr 2022 | 26 May 2022 | 41 | 45% | 42% | 13% | 31% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 39 | 51% | 39% | 10% | 27% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 42 | 34% | 52% | 14% | 35% |
| 01 May 2020 - 31 Oct 2020 | 30 Nov 2020 | 39 | 46% | 43% | 11% | 37% |
| 01 Nov 2019 - 30 Apr 2020 | 28 May 2020 | 35 | 51% | 42% | 7% | 30% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 38 | 43% | 50% | 7% | 25% |
| 01 Nov 2018 - 30 Apr 2019 | 29 May 2019 | 33 | 58% | 34% | 8% | 19% |
| 01 May 2018 - 31 Oct 2018 | 28 Nov 2018 | 33 | 64% | 31% | 5% | 19% |
| 01 Nov 2017 - 30 Apr 2018 | 30 May 2018 | 31 | 55% | 32% | 13% | 14% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 34 | 50% | 41% | 9% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice 60 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We feel the report is missing the point on payments. What matters is not whether an invoice is paid 30, 60 or more days from the invoice date, but whether the payment is 30, 60 or more beyond
Maximum contractual payment period agreed
60
Disputes are resolved by active discussion between the operational manager who requests the goods or services and their respective contact at the supplier. Dispute resolution represents the vast majority of invoices which are paid later than 60 days.
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
Goodwin PLC is a publicly listed engineering company registered in Stoke-on-Trent, first incorporated in 1935 and tracing its engineering roots to 1883. It is the parent of a group of mechanical and refractory engineering subsidiaries, which design, manufacture and supply specialist metallic, composite and electronic products, alongside mineral-based refractory materials. Group companies operate across more than ten countries, serving sectors including defence, aerospace, mining, oil and gas, water, power generation, automotive and jewellery manufacturing. Goodwin PLC itself functions as the group's head office and holding entity, with its registered and main trading address at the Ivy House Foundry site, where the group's steel castings operations are also based. The business remains majority owned and managed by the same family.
Generated from the company's website and Companies House records. Sources: goodwin.co.uk · goodwin.co.uk