Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 95.6/100 qualifies for PaymentCheck Certification
| 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 2023 - 31 Dec 2023 | 31 Jul 2024 | 26 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Aug 2020 | 11 | 93% | 5% | 2% | 47% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Feb 2020 | 11 | 94% | 5% | 1% | 43% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Sept 2019 | 9 | 95% | 4% | 1% | 41% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
14 Days after delivery
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
60
Trader negotiates a price with vendor. When goods are received, we analyse them and send a segregation report to the vendor.
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.
❌
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
This company, on record as ELG METALS UK LIMITED, is registered in Sheffield and was incorporated in 1980. It has since changed its name again and now trades as APERAM RECYCLING STAINLESS UK LIMITED. Earlier names included ELG HANIEL METALS LTD and E.L.G. HANIEL METALS LIMITED. Its registered business activity is wholesale of metals and metal ores, and it is tagged under non-precious metals, steel and alloys, and waste management and recycling. This points to an operation involved in the recycling and wholesale trading of stainless steel and related metal materials from its Sheffield works site.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk