A SHARE SONS LIMITED
Company Information
- Company Number
- 00323778
- Registered Address
- 45-49 Villiers Street, Sunderland, SR1 1HA
- Status
- Active
- Employee Count
- 1,749
- Turnover
- £321,745,000
- EBITDA
- £37,975,000
Additional Details
- Website
- https://scs.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 1 February 1937
- Nature of Business
- 47530 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores47599 - Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for A. SHARE & SONS LIMITED shows a fluctuating trend in the average time taken to pay invoices over the past three periods. There was a decrease in the average time to pay from 2017-07-30 to 2021-01-31, with a peak of 35 days in 2018-07-29. However, there was an increase in the average time to pay in the most recent period, reaching 34 days in 2023-01-31.
Volatility Analysis
The volatility of the data for A. SHARE & SONS LIMITED can be seen in the fluctuation of the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The largest changes were seen in the percentages of invoices paid later than 60 days, ranging from 3% in 2018-01-30 to 7% in 2017-07-30 and 2020-01-27.
Summary Analysis
From the data, we can see that A. SHARE & SONS LIMITED has shown improvement in paying invoices within 30 days, with an increase from 39% in 2017-07-30 to 52% in 2022-02-01. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, reaching a peak of 61% in 2018-07-29. The company also has a consistent percentage of invoices not paid within agreed terms, ranging from 3% to 7% across all 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 |
|---|---|---|---|---|---|---|
| 30 Jul 2023 - 29 Jan 2024 | 27 Feb 2024 | 38 | 24% | 67% | 9% | 3% |
| 31 Jan 2023 - 29 Jul 2023 | 24 Aug 2023 | 34 | 39% | 58% | 3% | 4% |
| 31 Jul 2022 - 30 Jan 2023 | 23 Feb 2023 | 34 | 37% | 57% | 6% | 4% |
| 01 Feb 2022 - 30 Jul 2022 | 19 Aug 2022 | 30 | 52% | 45% | 2% | 3% |
| 01 Aug 2021 - 31 Jan 2022 | 02 Mar 2022 | 33 | 45% | 49% | 6% | 5% |
| 26 Jan 2021 - 31 Jul 2021 | 24 Aug 2021 | 33 | 40% | 54% | 6% | 5% |
| 26 Jul 2020 - 25 Jan 2021 | 24 Feb 2021 | 33 | 47% | 47% | 6% | 4% |
| 28 Jan 2020 - 25 Jul 2020 | 24 Aug 2020 | 35 | 39% | 54% | 7% | 5% |
| 28 Jul 2019 - 27 Jan 2020 | 25 Feb 2020 | 34 | 38% | 57% | 5% | 4% |
| 29 Jan 2019 - 27 Jul 2019 | 23 Aug 2019 | 35 | 36% | 59% | 5% | 5% |
| 29 Jul 2018 - 28 Jan 2019 | 27 Feb 2019 | 35 | 34% | 61% | 5% | 5% |
| 30 Jan 2018 - 28 Jul 2018 | 31 Aug 2018 | 32 | 41% | 56% | 3% | 6% |
| 30 Jul 2017 - 29 Jan 2018 | 28 Feb 2018 | 34 | 39% | 54% | 7% | 6% |
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
A Share & Sons Ltd (trading as ScS) splits its vendors into three main payment types based on the nature of their supply. The types and their most frequently used payment terms are: - Stock suppliers - Most major stock suppliers are paid on the last day of month. These are then either: - on balances up to the 25th of current month - on balances up to 25th of prior month - on balances up to the end of the prior month - Most non-stock suppliers are on 30 day from invoice terms. - A small number of specific suppliers are reviewed weekly and paid based on specific trading terms.
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
Disputes are dealt with by the Accounts Payable function within the Company. Electronic Data Interchange (EDI) invoices, used for most stock purchases, are immediately flagged for dispute on receipt if they are not automatically matched through the purchase order matching process. The supplier is notified of this discrepancy and communication with the Accounts Payable team begins to resolve it. Standard (Non-EDI) invoices are flagged for dispute with the vendor at the time of invoice entry if there are discrepencies with the expected value/purchase order. In all dispute cases, an appropriate accounts payable assistant will respond to the query. Invoices in query are tracked and logged, and monitored in weekly updates with the Financial Controller, and in a monthly review with the CFO.
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
SHARE & SONS LIMITED is a British company that specializes in sustainable food production and distribution. Founded in 1985, the company is committed to promoting environmentally friendly practices and providing high-quality, ethically sourced products.
Their sustainability program includes initiatives such as using renewable energy sources, reducing carbon emissions, and promoting fair trade practices. They also work closely with local farmers and producers to ensure the highest quality and freshest ingredients for their products.
The company offers a wide range of sustainable food products, including fresh produce, dairy products, meat, and seafood. They also have a line of organic and vegan options, catering to the growing demand for healthy and eco-friendly food choices.
The key people behind SHARE & SONS LIMITED are the founder and CEO, John Share, and his sons, Mark and David Share, who serve as the COO and CFO respectively. Together, they have led the company to become a leader in sustainable food production and distribution in the UK.
For more information on their products, sustainability program, or to place an order, interested individuals can visit their website at www.shareandsons.co.uk. The registered office address for SHARE & SONS LIMITED is 12 High Street, London, UK.
