The payment trend for I. W. T. DEESIDE LIMITED indicates a consistent pattern of paying outside standard 30-day terms, with the average payment time being 51 days. A significant majority (76%) of payments fall predictably within the 31-60 day window, establishing this as the company's typical payment trajectory.
While a large portion of payments are predictably within 31-60 days, the 13% late payment rate, including 10% exceeding 60 days, introduces a moderate level of volatility. This suggests a risk of extended payment delays beyond typical expectations, impacting cash flow predictability for suppliers.
Suppliers should anticipate payment terms of approximately 50-60 days as standard when working with this company, factoring this into their own cash flow projections. Given the 13% late payment rate and 10% over 60 days, consider clear payment terms, early payment discounts, or staggered invoicing to mitigate extended delay risks.
| 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 2023 - 31 Mar 2024 | 28 May 2024 | 54 | 15% | 74% | 11% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard contracted payment terms are end of following 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
61
All disputes are dealt with as quickly as possible by the Finance department. Principal contacts during this period are Head of Finance & Financial Controller. We aim to resolve all disputes in a timely manner.
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
I. W. T. DEESIDE LIMITED operates as a private limited company in the United Kingdom. This legal structure enables it to engage in commercial activities within the regulatory framework for such organisations.
The company is registered under company number 04829658 and holds active status. It was incorporated on 11 July 2003. Its registered office is located at One, St Peter's Square, Manchester, United Kingdom, M2 3DE, with its general location specified as 'Other'.
As a private limited company, I. W. T. DEESIDE LIMITED is structured to undertake a wide array of commercial activities. This organisational type enables the company to provide diverse goods, services, or professional expertise across various sectors of the UK market.