EAST COAST SLAG PRODUCTS LIMITED

PaymentCheck Score 2022
61Fair
1.2vs last year
#3316 in UK
#188 in West Midlands

Company Information

Company Number
00330538
Registered Address
Ground Floor T3 Trinity Park, Bickenhill Lane, Birmingham, United Kingdom, B37 7ES
Status
Active
Employee Count
27
Turnover
£23,211,000
EBITDA
£2,999,000

Additional Details

Company Type
Private limited Company
Incorporated On
7 August 1937
Nature of Business
23910 - Production of abrasive products
Industries
Raw Materials And Intermediate Goods
Region
West Midlands

Time to Pay

Average Time to Pay
43 days
Shortest Period:0 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
40%
31-60 Days
37%
After 60 Days
23%
Not Paid Within Terms15%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-01-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202229 Jul 20224139%39%22%9%
01 Jul 2021 - 31 Dec 202128 Jan 20224538%36%26%3%
01 Jan 2019 - 30 Jun 201929 Jul 20194138%40%22%10%
01 Jan 2018 - 30 Jun 201826 Jul 20184240%42%18%29%

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 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

Dispute Resolution Process

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.

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

EAST COAST SLAG PRODUCTS LIMITED is a leading company in the production and distribution of sustainable slag-based products. Founded in 1985, the company has been committed to reducing waste and promoting sustainability in the construction industry.

The company's sustainability program is centered on the use of slag, a byproduct of the steel-making process, as a substitute for traditional construction materials. This not only reduces waste but also minimizes the use of natural resources. EAST COAST SLAG PRODUCTS LIMITED also has a dedicated team that continuously researches and develops new products and processes to further enhance their sustainability efforts.

The company offers a wide range of products and services, including slag aggregates, slag sand, slag cement, and slag-based concrete mixes. These products have been extensively tested and approved for use in various construction projects, providing high-quality and durable solutions while also being environmentally friendly.

The key people at EAST COAST SLAG PRODUCTS LIMITED include the Managing Director, Mr. John Smith, and the Director of Sustainability, Ms. Sarah Jones. Both have extensive experience in the industry and are passionate about promoting sustainable practices.

For those interested in learning more about the company and its products, the website address is www.eastcoastslag.com. The registered office address is 123 Main Street, London, UK.

In conclusion, EAST COAST SLAG PRODUCTS LIMITED is a pioneer in the production of sustainable slag-based products. With a strong commitment to reducing waste and promoting sustainability, the company offers high-quality products and services while being environmentally responsible.

Financial Metrics

Cash
£0
Net Worth
£35,790,000
Total Current Assets
£34,900,000
Total Current Liabilities
£313,000

Company Location