SIMCO LIMITED
Company Information
- Company Number
- 04432262
- Registered Address
- 2 Canal Reach, London, United Kingdom, N1C 4DB
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 May 2002
- Nature of Business
- 93290 - Other amusement and recreation activities not elsewhere classified
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
SIMCO LIMITED consistently demonstrates excellent payment speed, with an average payment time of just 12 days. A significant 98% of invoices are settled well within 30 days, establishing a strong and predictable payment trajectory. This indicates a highly stable and favorable payment trend for suppliers.
Volatility Analysis
Payment reliability from SIMCO LIMITED is exceptionally high, with virtually no unpredictability in their payment cycles. The minimal 2% of payments falling between 31-60 days, and zero payments exceeding 60 days, signifies negligible volatility or risk factors. Suppliers can confidently expect timely payments, ensuring predictable cash flow.
Summary Analysis
SIMCO LIMITED represents a very low payment risk for suppliers, characterized by their rapid average payment time and high adherence to 30-day terms. Key decision factors for suppliers include the exceptional reliability and minimal late payment occurrences, indicating strong financial discipline. Given the robust payment performance, specific risk mitigation strategies beyond standard terms are generally not required, though prompt invoicing is always advisable.
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 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 12 | 98% | 2% | 0% | 2% |
| 01 Apr 2020 - 30 Sept 2020 | 26 Oct 2020 | 10 | 99% | 1% | 0% | 1% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 10 | 93% | 5% | 2% | 7% |
| 01 Apr 2019 - 30 Sept 2019 | 18 Oct 2019 | 9 | 95% | 5% | 0% | 5% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 17 | 93% | 6% | 1% | 7% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 3 | 99% | 1% | 0% | 1% |
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
Our standard conditions of purchase include terms which are 30 days from the end of the month in which a valid invoice is received.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No
Maximum contractual payment period agreed
30
Dispute Resolution Process
Invoices are received and approved by the appropiate business area. Any disputes are initially addressed and resolved by this team in the shortest amount of time possible. Any disputes that cannot be resolved are escalated to Senior Finance Management and Legal and Business Affairs where applicable.
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
SIMCO LIMITED is an active Private limited Company, a common form of business organisation in the United Kingdom established to conduct commercial operations. This company type allows for a broad range of business activities without public shareholding.
The company holds the number 04432262 and was incorporated on 7 May 2002. Its registered office is located at 2 Canal Reach, London, United Kingdom, N1C 4DB.
As a Private limited Company, SIMCO LIMITED is structured to undertake various commercial ventures in the UK market. This business structure enables companies to offer a diverse array of services or products, depending on their specific industry and operational focus.
