SIMARCO INTERNATIONAL LIMITED consistently demonstrates an extended payment cycle, with an average payment time of 52 days. Only 19% of payments are completed within standard 30-day terms, while the majority (52%) fall into the 31-60 day bracket. This establishes a clear operational trajectory where suppliers should anticipate payment significantly beyond conventional net-30 terms.
Payment predictability for SIMARCO is low for standard terms but moderately predictable for extended cycles, with 52% paying between 31 and 60 days. A significant 29% of invoices extend beyond 60 days, introducing considerable working capital risk for suppliers due to prolonged receivables. The 2% identified as "late" further indicates a minimal but present risk of severe payment issues beyond typical delays.
Suppliers should anticipate an average 52-day payment cycle from SIMARCO INTERNATIONAL LIMITED, requiring robust cash flow management. It is recommended to factor in extended payment terms (e.g., net 60 or 90) into pricing and operational planning. To mitigate risk, consider requiring upfront deposits for new engagements or negotiating specific payment milestones to reduce exposure to prolonged outstanding receivables.
| 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 2024 - 31 Dec 2024 | 28 Jul 2025 | 52 | 19% | 52% | 29% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 28 Jul 2025 | 50 | 23% | 51% | 26% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from end of month of invoice
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
All disputes are dealt with operational dept, invoices are scanned onto the system with status as held whilst the dispute is being 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
SIMARCO INTERNATIONAL LIMITED operates as an active private limited company. Its name indicates a focus on international operations or services.
The company was incorporated on 27 March 1997, holding company number 03341900. Its registered office is located at Simarco House, Crittall Road, Witham, Essex, CM8 3DR, within the East of England.
As an international private limited company registered in the UK, its operations typically encompass facilitating global trade, providing services across multiple countries, or managing international supply chains.