VALE MILL (ROCHDALE) LIMITED exhibits an average payment time of 35 days, indicating a consistent trend where most payments exceed standard 30-day terms. While 40% pay within 30 days, the majority (51%) fall into the 31-60 day bracket, pointing towards a habitual pattern of extended payment cycles.
The 15% overall late payment rate introduces a moderate level of unpredictability regarding payment reliability. Furthermore, 9% of payments extending beyond 60 days signifies a tangible risk of significant delays for a subset of invoices, impacting supplier cash flow predictability.
Suppliers should approach VALE MILL with caution, factoring in the average 35-day payment term and the 15% late payment rate. It is advisable to consider negotiating stricter payment terms or requesting partial upfront payment for initial orders to mitigate the risk posed by potential lengthy delays, especially given the 9% of payments exceeding 60 days.
| 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 Sept 2023 - 30 Mar 2024 | 06 Aug 2024 | 42 | 50% | 40% | 10% | 22% |
| 01 Apr 2019 - 30 Sept 2019 | 14 Nov 2019 | 35 | 40% | 51% | 9% | 15% |
| 01 Oct 2018 - 31 Mar 2019 | 14 May 2019 | 35 | 44% | 48% | 8% | 16% |
| 31 Mar 2018 - 30 Sept 2018 | 04 Dec 2018 | 41 | 30% | 63% | 7% | 11% |
| 30 Sept 2017 - 30 Mar 2018 | 24 Apr 2018 | 43 | 26% | 63% | 11% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Normal 60 days from end of month. Some foreign suppliers cash before delivery. Some foreign suppliers deposit with order.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
A complaint or concern will be considered by the Financial Controller usually within two weeks. If no resolution is found then the next step would be to escalate the complaint to the Finance Director.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Vale Mill (Rochdale) Limited, incorporated in 1941 and based in Rochdale, trades as Alfresia, an outdoor living furniture brand established in 2006. The company designs and sells garden furniture sets, swing seats, recliners, sun loungers, parasols and storage covers, along with replacement cushions that are filled and finished in the UK. Its structured business classification covers manufacture of textiles, plastic products and other cold formed or general manufactured goods, consistent with its production of cushion fillings and outdoor furniture components. Products are sold online for UK delivery, with orders supported by a UK-based customer service team. The company operates from its long-standing Vale Mill site in Rochdale, Lancashire.
Generated from the company's website and Companies House records. Sources: alfresia.co.uk · alfresia.co.uk