Industry ranking
Payments generally trend towards the 31-60 day range, with 43% falling into this category and an overall average payment time of 46 days. While 39% of payments are completed within standard 30-day terms, a significant portion extends beyond, indicating a slower overall payment trajectory.
The payment distribution, with significant percentages in different buckets, suggests moderate predictability rather than a consistent pattern. The 18% of payments exceeding 60 days, categorized as late, represents a clear risk factor for potential cash flow delays and extended credit exposure for suppliers.
Suppliers should anticipate an average payment cycle of 46 days and account for the 18% likelihood of payments extending beyond 60 days when establishing credit terms. Consider implementing stricter credit limits, requiring upfront deposits for new orders, or negotiating shorter payment terms to mitigate the risk of delayed payments.
| 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 Jan 2024 - 30 Jun 2024 | 01 Aug 2024 | 46 | 40% | 44% | 16% | 20% |
| 01 Jan 2023 - 31 Dec 2023 | 08 Feb 2024 | 46 | 39% | 43% | 18% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 12 Jan 2023 | 42 | 41% | 44% | 16% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 12 Jul 2022 | 44 | 39% | 46% | 14% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 11 Apr 2022 | 44 | 40% | 43% | 16% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 11 Apr 2022 | 47 | 44% | 38% | 18% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 41 | 46% | 36% | 17% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 42 | 44% | 37% | 18% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jul 2020 | 42 | 44% | 41% | 15% | 80% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 47 | 39% | 42% | 19% | 24% |
| 01 Apr 2018 - 31 Dec 2018 | 30 Apr 2019 | 48 | 39% | 41% | 20% | 31% |
| 01 Oct 2017 - 31 Mar 2018 | 26 Apr 2018 | 56 | 20% | 47% | 33% | 60% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
compliant or concern is communicated to the purchaser in which they have two weeks to resolve with the supplier
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.
❌
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
Scott Health & Safety Limited is a UK-registered manufacturing company, classified under "Other manufacturing not elsewhere classified". It has traded under several previous names, including Superguard Limited, Protector Safety (UK) Limited, Protector Safety Limited, Protector Technologies Limited and Scott International Limited, before adopting its current name. The company is majority owned by 3M United Kingdom Public Limited Company, which holds 75% or more of its shares and voting rights and has the right to appoint or remove directors, indicating it operates as part of the wider 3M group rather than as an independent trading entity. It remains an active company registered in Bracknell, Berkshire.
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