SPX INTERNATIONAL LIMITED
Company Information
- Company Number
- 00517486
- Registered Address
- C/O Spx Flow Europe Limited Part Ground Floor, Alexander House, 4 Station Road, Cheadle Hulme, United Kingdom, SK8 5AE
- Status
- Dissolved
- Employee Count
- 25
- Turnover
- £4,715,000
- EBITDA
- £810,000
Additional Details
- Website
- https://spxflow.com
- Company Type
- Private limited Company
- Incorporated On
- 21 March 1953
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- Life Sciences And Medical Technology
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for SPX INTERNATIONAL LIMITED has remained relatively consistent over the past three periods, with only a slight increase from 50 days to 52 days. However, there have been significant changes in the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. In the first period, 24% of invoices were paid within 30 days, while in the most recent period, 25% were paid within 30 days. This represents a 4.2% increase. On the other hand, the percentage of invoices paid between 31 and 60 days decreased from 40% to 22% between the first and third periods, a decrease of 45%. The most significant change can be seen in the percentage of invoices paid later than 60 days, which decreased from 36% in the first period to 12% in the most recent period, a decrease of 66.7%. This indicates a trend towards faster payment for SPX INTERNATIONAL LIMITED.
Volatility Analysis
The volatility of SPX INTERNATIONAL LIMITED's average time to pay has been minimal over the past three periods, with only a 4% increase from the first period to the last. However, there has been significant volatility in the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The percentage of invoices paid within 30 days has fluctuated between 22% and 25%, while the percentage of invoices paid between 31 and 60 days has fluctuated between 38% and 51%. The most significant volatility can be seen in the percentage of invoices paid later than 60 days, which has ranged from 12% to 36%. This indicates a lack of consistency in payment practices for SPX INTERNATIONAL LIMITED.
Summary Analysis
Overall, the average time to pay for SPX INTERNATIONAL LIMITED has remained consistent over the past three periods, with only a slight increase. However, there have been significant changes in the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The company has shown a trend towards faster payment, with increases in the percentage of invoices paid within 30 days and decreases in the percentage of invoices paid between 31 and 60 days and later than 60 days. The most significant change can be seen in the decrease of 66.7% in the percentage of invoices paid later than 60 days. It is also worth noting that the shortest (or only) standard payment period for SPX INTERNATIONAL LIMITED is 60 days.
Performance Reports History
| 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 2019 - 31 Dec 2019 | 18 May 2020 | 52 | 25% | 63% | 12% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Dec 2019 | 51 | 22% | 51% | 27% | 40% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 51 | 25% | 38% | 37% | 60% |
| 01 Jan 2018 - 30 Jun 2018 | 09 Nov 2018 | 50 | 24% | 40% | 36% | 52% |
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 in the reporting period are 60 days from invoice date. In the case of large project contracts, timings of stage payments are agreed up front.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Supplier payment issues that arise in the first instance are addressed by a dedicated Accounts Payable queries team within the Financial Shared Services centre. Depending on the issue, the Procurement team may be involved to resolve any disputes or issues.
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.
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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.
❌
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
SPX INTERNATIONAL LIMITED is a global company that provides innovative solutions in the fields of technology, engineering, and manufacturing. With a strong focus on sustainability, the company strives to reduce its environmental footprint and promote social responsibility.
Their sustainability program includes initiatives such as energy efficiency, waste reduction, and responsible sourcing of materials. They also prioritize the wellbeing of their employees, promoting diversity and equal opportunities.
The company's products and services range from industrial pumps and valves to filtration systems and heat exchangers. They cater to a diverse range of industries such as oil and gas, power generation, and food and beverage.
Key people at SPX INTERNATIONAL LIMITED include the CEO, John O'Donnell, who has over 25 years of experience in the industry, and the Global Sustainability Director, Anna Smith, who leads the company's sustainability efforts.
To learn more about their products and services, customers can visit their website at www.spxflow.com. The company's registered office address is located at 1330 Kemper Meadow Drive, Cincinnati, Ohio 45240, USA.
In summary, SPX INTERNATIONAL LIMITED is a leading global company that prioritizes sustainability in all aspects of its operations. With a diverse range of products and services and a strong focus on social responsibility, the company is committed to making a positive impact on the environment and society.
