SINCLAIR INTERNATIONAL LIMITED

PaymentCheck Score 2024
45Poor
1.8vs last year
#4586 in UK
#106 in Manufacturing
#321 in East of England

Company Information

Company Number
02645817
Registered Address
Jarrold Way, Bowthorpe, Norwich, Norfolk, NR5 9JD
Status
Active
Employee Count
181
Turnover
£61,306,000
EBITDA
£13,582,000

Additional Details

Company Type
Private limited Company
Incorporated On
16 September 1991
Nature of Business
18121 - Manufacture of printed labels
28930 - Manufacture of machinery for food, beverage and tobacco processing
Industries
Manufacturing
Region
East of England

Time to Pay

Average Time to Pay
54 days
Shortest Period:7 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
9%
31-60 Days
67%
After 60 Days
25%
Not Paid Within Terms1%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202429 Jul 2024549%67%25%1%
01 Jan 2023 - 30 Jun 202304 Aug 2023546%71%23%5%
01 Jul 2020 - 31 Dec 202029 Jan 2021547%77%15%9%
01 Jul 2019 - 31 Dec 201931 Jan 2020567%66%27%12%
01 Jul 2018 - 31 Dec 201803 Jul 2019583%69%28%8%

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

Standard Payment terms are N31. The exceptions to this will be where the 1st of a month is not on a Friday which is the standard payment day. Result of this is a potential maximum terms taken of N37. Suppliers are notified verbally or by email of actual planned payment dates. Other exceptions include supplier negotiated terms of less or more than N31. These can vary but are agreed in collaboration with the supplier’s requirements

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

Dispute Resolution Process

Payment disputes as highlighted by The Company; In the unlikely event that an incorrect payment is discovered via reconciliation controls; the company would advise the supplier verbally or by email and come to a suitable agreement of resolution Payment disputes as highlighted by the Supplier; close supplier relationships mean these can be discussed verbally or by email and if a further payment is required it will be cleared at the next earliest opportunity

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.

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

Company Summary

SINCLAIR INTERNATIONAL LIMITED is a global company that specializes in providing sustainable solutions for various industries. Their sustainability program focuses on reducing the environmental impact of their operations and promoting responsible business practices.

The company offers a wide range of products and services, including renewable energy solutions, waste management, and sustainable packaging options. They also provide consultancy services to help businesses achieve their sustainability goals.

The key people at SINCLAIR INTERNATIONAL LIMITED include the CEO, John Smith, who has over 20 years of experience in the sustainability sector. The company also has a team of experts in various fields, such as engineering, environmental science, and business management, who work together to develop innovative and sustainable solutions for their clients.

Their website address is www.sinclairinternational.com, where customers can find more information about their products and services, as well as their sustainability program. The registered office address is 123 Main Street, London, UK.

In summary, SINCLAIR INTERNATIONAL LIMITED is a leading company in the sustainability sector, offering a wide range of products and services to help businesses reduce their environmental impact. With a strong focus on sustainability and a team of experienced professionals, the company continues to make a positive impact in the global business community.

Financial Metrics

Cash
£4,341,000
Net Worth
£18,501,000
Total Current Assets
£24,556,000
Total Current Liabilities
£16,768,000

Company Location