NASMYTH BULWELL LIMITED
Company Information
- Company Number
- 00568879
- Registered Address
- Nasmyth Group Limited, Nasmyth Building Coventry Road, Exhall, Coventry, CV7 9FT
- Status
- Active
- Employee Count
- 169
- Turnover
- £21,459,000
- EBITDA
- -£589,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 July 1956
- Nature of Business
- 30300 - Manufacture of air and spacecraft and related machinery
- Industries
- Air Travel, Manufacturing, Raw Materials And Intermediate Goods
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
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.
Volatility Analysis
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.
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 |
|---|---|---|---|---|---|---|
| 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% |
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
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
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.
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.
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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
Company Summary
NASMYTH BULWELL LIMITED is a precision engineering company based in Nottingham, UK. They specialize in the design and manufacture of high-quality components and assemblies for a variety of industries including aerospace, defense, and energy.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a dedicated Sustainability Manager who oversees their sustainability program, which includes waste reduction, energy efficiency, and responsible sourcing of materials.
NASMYTH BULWELL LIMITED offers a wide range of products and services, including CNC machining, fabrication, and assembly. They have a team of highly skilled engineers and technicians who use state-of-the-art technology to produce precision components and assemblies to meet their customers' specifications.
Some of their key customers include major aerospace and defense companies such as Airbus, BAE Systems, and Rolls-Royce. The company also works closely with local universities and research organizations to stay at the forefront of engineering technology and innovation.
For any inquiries or to learn more about their products and services, customers can contact NASMYTH BULWELL LIMITED through their website, which also contains detailed information about their capabilities and case studies of their past projects. The company's registered office address is located at 1 Waltham Close, Bulwell, Nottingham NG6 8UP, UK.
