SMC PNEUMATICS UK LIMITED
Company Information
- Company Number
- 01352967
- Registered Address
- Vincent Avenue, Crownhill, Milton Keynes, MK8 0AN
- Status
- Active
- Employee Count
- 316
- Turnover
- £81,730,000
- EBITDA
- £17,040,000
Additional Details
- Website
- https://smc.uk
- Company Type
- Private limited Company
- Incorporated On
- 14 February 1978
- Nature of Business
- 28120 - Manufacture of fluid power equipment
- Industries
- Manufacturing, Raw Materials And Intermediate Goods
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for SMC PNEUMATICS (U.K.) LIMITED to pay invoices has increased over the three periods analyzed. In the first period, from Apr 2018 to Sep 2018, it took the company an average of 28 days to pay invoices. This increased to 30 days in the second period (Oct 2018 to Mar 2019), and further increased to 32 days in the third period (Apr 2019 to Sep 2019).
Volatility Analysis
There is a noticeable increase in the percentage of invoices paid between 31 to 60 days in the second and third periods compared to the first period. This indicates that the company may be experiencing some volatility in their payment practices. However, the percentage of invoices paid later than 60 days has remained constant at 5% in all three periods.
Summary Analysis
In the first period, SMC PNEUMATICS (U.K.) LIMITED paid invoices within an average of 28 days, with 75% of invoices paid within 30 days. However, there was a slight increase in the percentage of invoices paid between 31 to 60 days (20%) and those not paid within agreed terms (25%). The shortest (or only) standard payment period was 7 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 Apr 2018 - 30 Sept 2018 | 27 Nov 2018 | 28 | 75% | 20% | 5% | 25% |
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
30 Days Nett
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
30
Dispute Resolution Process
If an Invoice is in query, the person who has purchasesd the goods (raised the purchase requisition) will contact the supplier to find an amicable solution. There have been no instances during this accounting period where we have failed to find an agreeable solution.
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
SMC Pneumatics (U.K.) Limited is a leading global company that provides innovative and sustainable pneumatic solutions for a wide range of industries. Their mission is to contribute to the wellbeing of society through their business activities.
The company offers a wide range of products and services, including pneumatic components, systems, and equipment. They also provide custom solutions to meet the specific needs of their customers. SMC's products are designed to be energy-efficient and environmentally friendly, helping businesses reduce their carbon footprint and achieve sustainability goals.
One of the key people driving SMC's success is their Managing Director, Mr. Richard Aherne. With over 30 years of experience in the pneumatics industry, he has played a crucial role in the company's growth and development.
SMC also has a strong commitment to sustainability and has implemented various initiatives to reduce their environmental impact. They have a recycling program for their products, use renewable energy sources in their production processes, and have implemented energy-saving measures in their facilities.
The company's registered office address is located in Milton Keynes, Buckinghamshire. They also have offices and distribution centers throughout the UK, making their products and services easily accessible to customers.
Overall, SMC Pneumatics (U.K.) Limited is a reputable and sustainable company that offers high-quality pneumatic solutions. With their dedication to innovation and environmental responsibility, they are a trusted partner for businesses looking to improve their operations and achieve sustainability goals. For more information, visit their website at www.smc.eu or contact them at their registered office address.
