Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The trend for NASMYTH BULWELL LIMITED's average time to pay invoices has been fluctuating over the past three periods. It started at 57 days in Feb 2018, increased to 78 days in Feb 2019, and then decreased to 57 days again in July 2019. This suggests that the company has not been consistent in their payment processing.
The volatility of NASMYTH BULWELL LIMITED's average time to pay invoices can be seen in the significant changes between periods. The company saw a 36.6% increase in the average time to pay from Feb 2018 to Feb 2019, followed by a 36.6% decrease in the next period. This indicates that the company may have experienced some challenges in their payment processing, but were able to improve their efficiency in the following period.
| 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 Jul 2019 - 31 Jan 2020 | 10 Mar 2020 | 57 | 5% | 24% | 71% | 7% |
| 01 Feb 2019 - 29 Jul 2019 | 12 Dec 2019 | 78 | 7% | 31% | 62% | 68% |
| 30 Jul 2018 - 31 Jan 2019 | 22 Jul 2019 | 57 | 6% | 19% | 75% | 74% |
| 01 Feb 2018 - 29 Jul 2018 | 01 Oct 2018 | 57 | 7% | 20% | 73% | 78% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Nasmyth Bulwell Limited is a wholly owned subsidiary of the Nasmyth Group Limited. The payment terms can be found on the Nasmyth Group Website
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
90
Depending on the query, either the purchasing team or the purchase ledger clerk will contact the supplier to resolve. Purchasing will deal with any issues relating to product/delivery and purchase ledger will look into issues directly relating to information on the invoice.
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
Nasmyth Bulwell Limited is a UK company forming part of the Nasmyth Group, a global precision engineering and metal treatment business. Its registered business classification covers manufacture of air and spacecraft related machinery, and it operates as one of the Group's constituent companies, listed with its own site among Nasmyth's UK locations. The wider Nasmyth Group provides complex machining, fabrication and welding, system integration and metal treatment services to markets including aerospace, defence, energy, medical and space. The Group describes itself as an international solutions provider with over 500 specialists worldwide, supplying precision engineering and surface finishing services across its network of companies.
Generated from the company's website and Companies House records. Sources: nasmyth.com · nasmyth.com