The data shows that from 2017 to 2021, William King Limited has consistently taken an average of 50-76 days to pay invoices, with a slight decrease in 2021 compared to 2020. However, the percentage of invoices paid within 30 days has been steadily decreasing, while the percentage of invoices paid later than 60 days has been increasing. This suggests that the company may be facing cash flow issues or delays in payment processing, resulting in longer payment times for suppliers.
The data also shows that there has been some volatility in the company's payment practices, particularly in 2020 when the average time to pay increased by 13 days compared to the previous year. This is also reflected in the significant increase in the percentage of invoices paid later than 60 days and the percentage of invoices not paid within agreed terms. However, there has been a slight improvement in 2021, with a decrease in both these metrics.
Overall, the data for William King Limited shows a consistent pattern of longer payment times and a decrease in prompt payments. However, there has been some improvement in 2021 compared to 2020, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days. The worst period for the company was in 2020 where the percentage of invoices paid later than 60 days was highest at 56%, indicating a possible financial struggle during that time.
| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 58 | 10% | 44% | 46% | 3% |
| 01 Jan 2025 - 30 Jun 2025 | 12 Sept 2025 | 63 | 8% | 45% | 47% | 66% |
| 01 Jul 2024 - 31 Dec 2024 | 12 Sept 2025 | 64 | 9% | 45% | 46% | 64% |
| 01 Jan 2024 - 30 Jun 2024 | 12 Sept 2025 | 63 | 10% | 44% | 46% | 65% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Feb 2024 | 63 | 10% | 45% | 45% | 64% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Aug 2023 | 61 | 8% | 44% | 48% | 64% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 65 | 12% | 43% | 45% | 66% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 68 | 11% | 45% | 44% | 69% |
| 01 Jul 2021 - 31 Dec 2021 | 04 Feb 2022 | 65 | 8% | 47% | 45% | 77% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 76 | 10% | 37% | 53% | 67% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 71 | 8% | 35% | 57% | 82% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 63 | 8% | 36% | 56% | 82% |
| 01 Jul 2019 - 31 Dec 2019 | 13 Jan 2020 | 58 | 9% | 47% | 44% | 37% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Jul 2019 | 50 | 11% | 52% | 37% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 54 | 11% | 52% | 37% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 08 Aug 2018 | 56 | 14% | 54% | 31% | 28% |
| 01 Jul 2017 - 31 Dec 2017 | 05 Feb 2018 | 52 | 15% | 55% | 30% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
William King standard payment terms are end of month 60 days, variations to these terms are arranged by mutual agreement with suppliers
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
Payment disputes are handled by the purchase ledger team with support from the Head of Finance and ultimately the Managing Director until the issue is resolved
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
William King Limited, registered at the Atlas Centre in West Bromwich, is part of the William King Group, a family owned metal service centre business tracing its origins to the 1820s. The group operates three facilities across the UK and Czech Republic, processing steel and aluminium through slitting, blanking and just-in-time supply for customers in automotive, appliance, packaging and engineering sectors. William King Ltd forms part of a wider group that also includes Mi-King Ltd and Mi-King s.r.o. The group's work focuses on adding value to metal supply chains through processing high-tensile, prepainted, electrical and light gauge steels and aluminium, rather than manufacturing finished consumer goods itself.
Generated from the company's website and Companies House records. Sources: williamkinggroup.com · williamkinggroup.com