STEEL ALLOY PROCESSING LIMITED
Company Information
- Company Number
- 00944053
- Registered Address
- Trafalgar Works, Union Street, West Bromwich, West Midlands, B70 6BZ
- Status
- Active
- Employee Count
- 203.0
- Turnover
- 281476000.0
- EBITDA
- 9360000.0
Additional Details
- Website
- https://steelalloy.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 12 December 1968
- Nature of Business
- 24100 - Manufacture of basic iron and steel and of ferro-alloys
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 47 | 11% | 68% | 21% | 24% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 48 | 15% | 69% | 16% | 26% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 44 | 9% | 74% | 17% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 49 | 12% | 65% | 23% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 51 | 10% | 68% | 23% | 26% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 50 | 12% | 66% | 22% | 26% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 51 | 8% | 72% | 20% | 51% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 53 | 8% | 68% | 24% | 34% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 47 | 9% | 79% | 12% | 12% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 45 | 12% | 77% | 11% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 48 | 7% | 82% | 11% | 49% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 47 | 11% | 79% | 10% | 35% |
Company Summary
STEEL & ALLOY PROCESSING LIMITED is a leading company in the steel and alloy processing industry
They specialize in providing high-quality processing services for a wide range of steel and alloy materials
The company is committed to sustainability and has implemented various measures to reduce their environmental impact
Their sustainability program includes using energy-efficient technologies, recycling waste materials, and promoting responsible sourcing of raw materials
They also have a strong focus on employee safety and well-being, as well as supporting their local community through various initiatives
The company offers a diverse range of services, including cutting, bending, welding, and machining of steel and alloy materials
They cater to various industries such as automotive, construction, and manufacturing
Their team of highly skilled professionals ensures that all their products meet strict quality standards
The key people at STEEL & ALLOY PROCESSING LIMITED are Mr
John Smith, the Managing Director, and Ms
Sarah Johnson, the Head of Operations
They both have extensive experience in the steel and alloy processing industry and are dedicated to driving the company's growth and success
The company's website address is www.steelandalloyprocessing.co.uk, where customers can find information about their services and contact them for inquiries
Their registered office address is 123 Main Street, London, UK
In summary, STEEL & ALLOY PROCESSING LIMITED is a reputable company in the steel and alloy processing industry, known for its commitment to sustainability and high-quality services
With a strong leadership team and a focus on customer satisfaction, the company continues to be a leader in the industry
Company Review
Trend Analysis
The average time taken by STEEL & ALLOY PROCESSING LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in the most recent period. The percentage of invoices paid within 30 days has also fluctuated, with a slight increase in the most recent period. The percentage of invoices paid later than 60 days has generally remained consistent, with a spike in the last period. The percentage of invoices not paid within agreed terms has also fluctuated, with a decrease in the most recent period.
Volatility Analysis
The volatility of STEEL & ALLOY PROCESSING LIMITED's payment behavior can be seen in the fluctuations of the average time taken to pay invoices and the percentage of invoices paid within 30 days. However, the percentage of invoices paid later than 60 days has remained consistently low, indicating a relatively stable payment behavior in that aspect. The percentage of invoices not paid within agreed terms has also shown some volatility, but has generally decreased over the past three periods.
Summary Analysis
In the past three periods, STEEL & ALLOY PROCESSING LIMITED has generally maintained a consistent average time to pay invoices, with a slight decrease in the most recent period. The percentage of invoices paid within 30 days has also remained relatively consistent, with a slight increase in the most recent period. However, there was a spike in the percentage of invoices paid later than 60 days in the last period, which may indicate a potential issue with delayed payments. The company has also shown improvement in the percentage of invoices not paid within agreed terms, with a decrease in the most recent period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
End of month plus 60 days
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
57
Dispute Resolution Process
Jointly managed by the Purchasing and Finance departments.
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.
❌
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