SPIRAX-SARCO OVERSEAS LIMITED demonstrates a generally strong average payment time of 17 days, reflecting a prompt payment tendency for a significant portion of invoices. However, a distinct trend shows that 50% of payments consistently settle within the 31-60 day window. This indicates a consistent two-tiered payment pattern rather than uniform quick settlements.
The payment profile exhibits low risk regarding extreme delays, with 0% of payments exceeding 60 days and 0% officially classified as late. While reliable in avoiding severe delinquency, the 50/50 split between payments within 30 days and those extending to 31-60 days introduces variability in cash flow timing. Suppliers should predict that half their invoices will take longer than a standard 30-day cycle, requiring consistent cash flow planning.
Overall, SPIRAX-SARCO OVERSEAS LIMITED presents a low credit risk with a strong record of avoiding extremely late payments. Suppliers should make decisions by accounting for the consistent pattern where 50% of invoices are paid between 31 and 60 days. Consider setting clear payment terms that align with this expected timing or explore early payment discounts to optimize working capital management.
| 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 | 22 Jul 2025 | 17 | 50% | 50% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 18 Feb 2025 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Feb 2025 | 50 | 75% | 0% | 25% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 18 Feb 2025 | 27 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 18 Feb 2025 | 5 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Per invoice terms or on receipt
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
30
Complaints or concerns will be considered by Group Finance
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
SPIRAX-SARCO OVERSEAS LIMITED operates as a private limited company. The inclusion of 'OVERSEAS' in its name signals an emphasis on international or global business activities.
The company holds an active status with Company number 01472201, having been incorporated on 10 January 1980. Its registered office is located at Charlton House, Cirencester Road, Cheltenham, Glos, GL53 8ER, placing its operations in the South West of England.
As a private limited company, SPIRAX-SARCO OVERSEAS LIMITED is established to conduct various commercial activities within the UK market. This can include providing a range of professional services, trading in goods, or functioning as an administrative or holding entity for broader business interests.