SCOTTISH SEA FARMS LIMITED consistently pays beyond standard 30-day terms, with an average payment time of 41 days. A significant majority of invoices (57%) are settled between 31 and 60 days, establishing a clear pattern of delayed payments. This trend is reinforced by 55% of payments being late, indicating a consistent trajectory of exceeding initial payment terms.
The high percentage of late payments (55%) suggests inconsistency in meeting prompt payment terms, introducing an element of unpredictability for suppliers. While a large portion falls predictably within the 31-60 day window, the 13% of payments extending beyond 60 days represents a distinct risk factor for very delayed settlement. Suppliers cannot reliably depend on prompt payment, necessitating careful management of cash flow expectations.
Suppliers should anticipate an average payment cycle of 41 days when dealing with SCOTTISH SEA FARMS LIMITED, with most invoices likely settling in the 31-60 day range. It is recommended to adjust internal cash flow forecasts to accommodate these extended timelines and consider negotiating longer payment terms upfront. Implement robust monitoring for invoices approaching or exceeding 60 days to mitigate higher risk and potential cash flow disruptions.
| 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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 41 | 30% | 57% | 13% | 55% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 38 | 40% | 47% | 13% | 24% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 44 | 35% | 49% | 16% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Normal terms are 30 days
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
150
All complaints or concerns are processed by the finance team in a timely manner
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
Scottish Sea Farms Limited is a marine aquaculture business, registered under SIC code 03210. It was previously known as Golden Sea Produce Limited and later Hydro Seafood GSP Limited before adopting its current name. Companies House filings describe it as filing group accounts, indicating it operates as part of a wider corporate group involved in fish farming. The company is based in Scotland and remains active, with recent filings including confirmation statements and registered charges. No further operational detail, such as species farmed or specific sites, is given in the supplied evidence, but its SIC classification confirms its core activity as marine fish farming rather than processing or distribution.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk