| 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 2024 - 31 Dec 2024 | 29 Jan 2025 | 31 | 49% | 47% | 4% | 85% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jan 2025 | 31 | 53% | 43% | 4% | 85% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2025 | 32 | 50% | 46% | 4% | 80% |
| 01 Jan 2023 - 30 Jun 2023 | 29 Jan 2025 | 34 | 45% | 49% | 6% | 86% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Jan 2025 | 30 | 60% | 35% | 5% | 84% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jan 2025 | 31 | 51% | 45% | 4% | 89% |
| 01 Jul 2021 - 31 Dec 2021 | 29 Jan 2025 | 29 | 57% | 40% | 3% | 83% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jan 2025 | 32 | 45% | 51% | 4% | 86% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2025 | 31 | 48% | 48% | 4% | 78% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jan 2025 | 33 | 41% | 55% | 4% | 85% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2025 | 32 | 51% | 44% | 5% | 81% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 33 | 57% | 36% | 7% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 32 | 54% | 40% | 6% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
There are a number of payment terms across qualifying contracts depending on contractual terms, with the most frequent payment terms as follows: 22nd of month following invoice date, 30 days from invoice date, net monthly (end of following month from invoice date).
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
Business will work with supplier and follow internal processes to ensure goods have been received/services provided and that outstanding amounts due to the supplier can be resolved and settled 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.
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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.
❌
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
SPIRAX-SARCO LIMITED is a leading provider of steam and thermal energy solutions, serving various industries around the world. The company was founded in 1888 and is headquartered in Cheltenham, United Kingdom.
The company's sustainability program focuses on reducing its environmental impact and promoting responsible business practices. This includes reducing carbon emissions, managing waste and water usage, and investing in renewable energy sources. SPIRAX-SARCO LIMITED also works closely with its suppliers to ensure ethical and sustainable sourcing practices.
One of the company's main products is its range of steam traps, which help to efficiently manage and conserve energy in steam systems. They also offer a variety of other products such as control valves, heat exchangers, and pumps. These products are designed to improve energy efficiency and reduce operational costs for their customers.
The key people at SPIRAX-SARCO LIMITED include Nicholas Anderson, the Chief Executive Officer, and Kevin Boyd, the Chief Financial Officer. They are supported by a team of experienced executives and professionals who are committed to driving the company's growth and success.
Customers can contact SPIRAX-SARCO LIMITED through their website, where they can find information about their products and services, as well as resources and support for steam system management. The company's registered office address is Charlton House, Cirencester Road, Cheltenham, Gloucestershire, GL53 8ER, United Kingdom.
In summary, SPIRAX-SARCO LIMITED is a sustainable and innovative company that provides steam and thermal energy solutions to various industries. With a strong commitment to sustainability and a range of high-quality products, the company continues to be a leader in its field.