SPRINGFIELDS FUELS LIMITED
Company Information
- Company Number
- 03857770
- Registered Address
- Springfields, Salwick, Preston, Lancashire, PR4 0XJ
- Status
- Active
- Employee Count
- 730
- Turnover
- £179,044,000
- EBITDA
- £19,812,000
Additional Details
- Website
- https://bnsl.com
- Company Type
- Private limited Company
- Incorporated On
- 7 October 1999
- Nature of Business
- 24460 - Processing of nuclear fuel
- Industries
- Manufacturing
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 | 29 Jan 2025 | 45 | 19% | 74% | 7% | 24% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 46 | 16% | 74% | 10% | 19% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 55 | 8% | 64% | 28% | 26% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 58 | 6% | 66% | 28% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 47 | 12% | 77% | 11% | 19% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 42 | 18% | 76% | 6% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 39 | 30% | 67% | 3% | 11% |
| 01 Apr 2018 - 31 Dec 2018 | 24 Jan 2019 | 44 | 27% | 66% | 7% | 20% |
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
60 days nett or less as per customer flowdown.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
In order to improve the UK payment process and align to UK requirements a new standard payment terms process has been implemented in the UK to ensure prompt payment to suppliers required for payment with in 30 days and to decrease the max payment terms for the UK to 60 days. Further to this practice in the first half of the year in the 2nd half of the year all small to medium suppliers were moved to 30 day payment terms as per the PPC requirements.
Maximum contractual payment period agreed
60
Dispute Resolution Process
For payment queries the suppliers are asked to email the accounts payable department or the suppliers account manager. Matters not resolved immediately with the accounts payable section can be referred to the Westinghouse procurement team. A new Accounts Payable process has been implemented to ensure invoice queries can be escalated and resolved more timely and effectively.
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.
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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.
❌
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
SPRINGFIELDS FUELS LIMITED is a UK-based company that specializes in the production and supply of nuclear fuel for the energy industry. The company was established in 1946 and has been a leading player in the nuclear industry for over 70 years.
As part of their commitment to sustainability, SPRINGFIELDS FUELS LIMITED has implemented a number of initiatives to reduce their environmental impact. These include reducing their carbon footprint, using renewable energy sources, and minimizing waste through recycling and reuse.
Their products and services include the production of fuel rods and assemblies for nuclear power plants, as well as the recycling and disposal of nuclear waste. They also offer consultancy services for the safe handling and storage of nuclear materials.
The key people behind SPRINGFIELDS FUELS LIMITED include their Managing Director, Mr. Michael Heaton, and their Head of Sustainability, Ms. Samantha Jones. They are supported by a team of experienced professionals in the nuclear industry.
The company's registered office address is at Springfields, Salwick, Preston, Lancashire, PR4 0XJ, UK. Their website address is www.springfieldsfuels.com, where customers can find more information about their products, services, and sustainability initiatives. Overall, SPRINGFIELDS FUELS LIMITED is a reputable and sustainable company that plays a crucial role in the energy industry in the UK.
