The time taken for INCHCAPE SHIPPING SERVICES HOLDINGS LIMITED to pay invoices to suppliers has been steadily decreasing over the past three periods. This trend can also be seen in the percentage of invoices paid within 30 days, which has been consistently increasing. However, there has been some volatility in the percentage of invoices paid between 31 and 60 days and those paid later than 60 days.
The volatility in the percentage of invoices paid between 31 and 60 days and those paid later than 60 days could indicate that INCHCAPE SHIPPING SERVICES HOLDINGS LIMITED is experiencing some fluctuations in their payment processes. This could be due to various factors such as changes in their supplier base or internal financial issues.
Looking at the data for the past three periods, the average time taken for INCHCAPE SHIPPING SERVICES HOLDINGS LIMITED to pay invoices to suppliers has decreased from 2018 to 2020. In the latest period (2020-01-01 to 2020-06-30), the company has improved its payment process even further with 33.7% of the invoices being paid within 30 days. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, indicating some volatility in their payment processes.
| 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 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 27 Jun 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 |
Inchcape Shipping Services Holdings Limited is a UK-registered holding entity within the Inchcape Shipping Services group. The wider group provides port agency, marine services and digital solutions to shipping operators worldwide, including full port agency, husbandry, dry docking, machinery services, survey and inspection, and project logistics. It operates through a global network of offices and covers thousands of ports across many countries, serving sectors such as tanker, dry bulk, liner, cruise, government and offshore shipping. The registered entity itself, incorporated in December 2003 with its office in London, functions as part of this corporate structure rather than as an operating business in its own right.
Generated from the company's website and Companies House records. Sources: iss-shipping.com · iss-shipping.com · iss-shipping.com