| 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 2022 - 31 Dec 2022 | 30 Jan 2023 | 43 | 40% | 37% | 23% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 41 | 39% | 39% | 22% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 45 | 38% | 36% | 26% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 42 | 38% | 40% | 22% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 41 | 38% | 40% | 22% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 40 | 39% | 41% | 20% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 42 | 40% | 42% | 18% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days end of month, for all new suppliers as published on our website.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Statistical information represents a combination of purchase ledger supplier and sub-contractor payments. Suppliers who take settlement for their invoices by Direct Debit are excluded.
Maximum contractual payment period agreed
90
Invoices/requests for payment which do not automatically match to the purchase order are electronically sent to the requisitioner who is responsible for taking the action required to resolve the query. Disputed invoices are monitored and reported on a weekly basis by the Shared Services Centre in Solihull using an electronic query management system to ensure the requisitioner and supplier resolve the dispute as soon as possible.
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
East Coast Slag Products Limited is a long-established company registered in England, first incorporated in 1937. It has traded previously as Lancashire And Corby Steel Manufacturing Company Limited and Teesside Slag Limited, reflecting a history in steel and slag processing. Its registered activity is classified under production of abrasive products. Its registered office and corporate officers, including Tarmac Secretaries (UK) Limited and Tarmac Directors (UK) Limited, indicate it operates as part of the Tarmac group of companies rather than as an independent trading business. The company remains active on the Companies House register, with accounts and confirmation statements filed regularly under its current name.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk