SHEFFIELD FORGEMASTERS INTERNATIONAL LIMITED
Company Information
- Company Number
- 04883675
- Registered Address
- PO BOX 286 Brightside Lane, Sheffield, South Yorkshire, S9 2RW
- Status
- Active
- Employee Count
- 641
- Turnover
- £100,102,000
- EBITDA
- £2,085,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 September 2003
- Nature of Business
- 24100 - Manufacture of basic iron and steel and of ferro-alloys
- Industries
- Manufacturing, Raw Materials And Intermediate Goods
- Region
- Yorkshire and The Humber
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 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 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 56 | 14% | 39% | 47% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Feb 2019 | 62 | 6% | 40% | 54% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 53 | 17% | 40% | 42% | 67% |
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 terms are 60 days after the end of the month in which the invoice is submitted, although we have various contracts with suppliers where different payment terms have been agreed.
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
Dispute Resolution Process
The business has very few disputes relating to payment and will only refuse to pay an invoice where issues have arisen with the supplier’s performance and there is legitimate legal and contractual basis to withhold payment. Any dispute raised by a supplier would be dealt with by our supply chain management and finance functions in the first instance, who would seek to resolve any discrepancy with the invoice. Where necessary, such as where there is a substantive dispute over the validity of the invoice, such dispute would be referred to our Procurement and/or Legal teams for resolution.
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
Sheffield Forgemasters International Limited is a British engineering company that specializes in the manufacture of steel forgings and castings for various industries including nuclear, oil and gas, and defense. The company was founded in 1805 and is headquartered in Sheffield, South Yorkshire.
The company has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact. This includes investing in energy-efficient technologies, recycling waste materials, and promoting sustainable practices throughout its supply chain.
In terms of products and services, Sheffield Forgemasters offers a wide range of high-quality steel forgings and castings, including large and complex components for nuclear reactors, offshore oil and gas platforms, and defense equipment. They also provide engineering and project management services to support their customers' needs.
The key people at Sheffield Forgemasters include Dr. Graham Honeyman, the CEO, and Chairman, who has been with the company for over 30 years and has led its growth and development. The company also has a team of experienced engineers and technicians who ensure the highest quality standards in their products and services.
To learn more about Sheffield Forgemasters and their sustainability efforts, interested parties can visit their website at www.sheffieldforgemasters.com. The registered office address is at Brightside Lane, Sheffield, South Yorkshire, S9 2RX, United Kingdom.
