The average time taken for SAMUEL BANNER & CO. LIMITED to pay invoices to suppliers has generally decreased over the past three periods, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has also increased over the past three periods, while the percentage of invoices paid later than 60 days has slightly decreased.
The data for SAMUEL BANNER & CO. LIMITED shows low volatility in the average time taken to pay invoices, with only a slight increase in the most recent period. The percentage of invoices paid within 30 days has also been consistently high, with low volatility. However, there is some volatility in the percentage of invoices paid later than 60 days, with a slight increase in the most recent period.
Over the past three periods, SAMUEL BANNER & CO. LIMITED has shown improvement in their payment process, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the most recent period.
| 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 Nov 2023 - 30 Apr 2024 | 16 Aug 2024 | 38 | 39% | 54% | 8% | 40% |
| 01 May 2023 - 31 Oct 2023 | 16 Aug 2024 | 44 | 40% | 47% | 13% | 32% |
| 01 Nov 2022 - 30 Apr 2023 | 16 Aug 2024 | 42 | 41% | 48% | 11% | 35% |
| 01 May 2022 - 31 Oct 2022 | 29 Nov 2022 | 44 | 35% | 53% | 12% | 67% |
| 01 Nov 2021 - 30 Apr 2022 | 26 May 2022 | 52 | 34% | 54% | 13% | 30% |
| 01 May 2021 - 31 Oct 2021 | 06 Dec 2021 | 43 | 37% | 52% | 11% | 28% |
| 01 Nov 2020 - 30 Apr 2021 | 27 May 2021 | 47 | 34% | 54% | 12% | 28% |
| 01 Apr 2020 - 31 Oct 2020 | 26 Nov 2020 | 27 | 65% | 33% | 3% | 50% |
| 01 Nov 2019 - 30 Apr 2020 | 27 May 2020 | 27 | 56% | 42% | 2% | 72% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 27 | 56% | 41% | 3% | 70% |
| 01 Nov 2018 - 30 Apr 2019 | 20 May 2019 | 26 | 55% | 43% | 2% | 65% |
| 01 May 2018 - 31 Oct 2018 | 29 Nov 2018 | 23 | 64% | 34% | 2% | 77% |
| 01 Nov 2017 - 30 Apr 2018 | 29 May 2018 | 27 | 54% | 45% | 1% | 66% |
| 01 May 2017 - 31 Oct 2017 | 28 Nov 2017 | 30 | 44% | 55% | 1% | 72% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days net monthly
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
90
Supplier contacted and any discrepancies investigated and resolved
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
Samuel Banner & Co. Limited trades as Banner Chemicals, part of the 2M Group of Companies. The business manufactures and supplies chemical products, including formulated solvent blends, oxygenated and hydrocarbon solvents, anti-corrosive pigments, AdBlue under the CleanAirBlue system, and raw materials for coatings, adhesives, sealants, elastomers and lubricants. It also supplies products into pharmaceuticals, personal care and water treatment sectors, and offers services such as toll-manufacturing, blending, packing and laboratory support. Operations are run from sites including Runcorn, Liverpool, Teesside and Leicester, alongside a Belgian associate. As a subsidiary within the wider 2M Holdings group, the company focuses on chemical distribution, blending and specialist manufacturing rather than corporate holding activity.
Generated from the company's website and Companies House records. Sources: bannerchemicals.com · bannerchemicals.com