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 87.04/100 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 Jul 2022 - 31 Dec 2022 | 25 Apr 2023 | 17 | 71% | 27% | 2% | 10% |
| 01 Feb 2022 - 30 Jun 2022 | 25 Apr 2023 | 15 | 76% | 22% | 2% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Apr 2023 | 16 | 73% | 25% | 2% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Apr 2020 | 14 | 80% | 18% | 2% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 27 Aug 2019 | 14 | 79% | 19% | 2% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 27 Aug 2019 | 14 | 79% | 19% | 2% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 14 | 80% | 18% | 2% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Supplies of metal commodities are paid on demand, either at our weighbridge or on receipt of invoice. Suppliers of other goods and services are generally paid at the end of the month following the month of invoice, although other arrangements can sometimes be accommodated by agreement.
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
S Norton prides itself on the service it provides to suppliers, and sees the speed of payment as a key aspect of its business relationships. When disputes do arise, we aim to address them in a courteous, sensible and professional manner. Our head office administration team are available every weekday to answer calls, identify discrepancies, correct errors, and liaise with the relevant operational staff to ensure that any invoice is dealt with through to a satisfactory conclusion. On the rare occasions when they can't resolve the matter, the dispute will be escalated to senior management for final resolution. All formal complaints are logged by our compliance team based in Liverpool, and these are reviewed regularly by senior managers and directors, to ensure that procedures are followed, and issues addressed.
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
S. Norton & Co Limited is a metal recycling company operating from Liverpool, Manchester, London, Southampton and Glasgow. It collects, processes and exports scrap metal, with facilities designed to maximise extraction of ferrous and non-ferrous metals from feedstock. The company handles around 1.5 million tonnes of recycled metal annually, exporting worldwide with capacity to load bulk carrier vessels of up to 70,000 tonnes. Its services include scrap metal collections for businesses, provision of bins and skips, and supply of ferrous and non-ferrous grades to buyers. It also operates its own transport fleet for logistics. The company has traded in British metal recycling since the early 1960s.
Generated from the company's website and Companies House records. Sources: s-norton.com · s-norton.com