Industry ranking
| 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 2025 - 31 Mar 2026 | 04 May 2026 | 43 | 35% | 37% | 28% | 15% |
| 01 Apr 2025 - 30 Sept 2025 | 31 Oct 2025 | 40 | 39% | 40% | 21% | 12% |
| 01 Oct 2024 - 31 Mar 2025 | 10 Jun 2025 | 45 | 30% | 42% | 28% | 8% |
| 01 Apr 2024 - 30 Sept 2024 | 10 Jun 2025 | 50 | 27% | 43% | 30% | 8% |
| 01 Jan 2024 - 31 Mar 2024 | 11 Jun 2024 | 48 | 34% | 39% | 27% | 9% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 52 | 25% | 45% | 30% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 29 Jan 2024 | 50 | 26% | 40% | 35% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 48 | 30% | 36% | 34% | 39% |
| 01 Jan 2022 - 30 Jun 2022 | 02 Aug 2022 | 48 | 27% | 39% | 34% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 53 | 21% | 37% | 42% | 22% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 54 | 19% | 40% | 41% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Feb 2021 | 56 | 17% | 37% | 46% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Aug 2020 | 47 | 26% | 45% | 29% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 55 | 14% | 39% | 47% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Feb 2019 | 62 | 9% | 37% | 54% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 53 | 17% | 40% | 43% | 67% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Typically 30 or 60 days depending on what is agreed with supplier. Larger value suppliers (particularly Recapitalisation project suppliers, such as Vinci Construction, McLaughlin & Harvey) have 28 day terms which drives the figure paid within 30 days.
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
90
Varies by supplier, processes not changed from previous reporting periods.
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
Sheffield Forgemasters Engineering Limited operates from a single site in Sheffield producing forgings and castings for heavy engineering. The company designs, manufactures and delivers large steel components including ingots, bars, forged and cast parts for defence, civil nuclear, offshore, power generation and renewables sectors. Its capabilities span melting, forging, foundry work, heat treatment, machining and testing, and it has a long history tracing back to Sheffield's steelmaking heritage, including production of the world's largest single steel castings. Since 2021 the company has been owned by the UK Ministry of Defence, and is undergoing a major, government-backed recapitalisation of its plant and equipment to expand forging and machining capacity at its Brightside Lane site.
Generated from the company's website and Companies House records. Sources: sheffieldforgemasters.com · sheffieldforgemasters.com