ALC SPC LIMITED
Company Details
Registration Number
05424261
Registered Address
The Business Debt Advisor 18-22 Lloyd Street Manchester M2 5WA
Company Status
Liquidation
Employee Count
0
Turnover
£60,684,000
EBITDA
£33,438,000
Additional Information
Website
vtplc.comCompany Type
Private limited Company
Incorporated on
14 April 2005
Nature of Business (SIC)
82990 - Other business support service activities not elsewhere classified
84110 - General public administration activities
Industries
0
Region
North WestCompany Location
Financial Overview
£9,930,000
£6,689,000
Last Reporting Period
Filed
29 Jan 2021
Period
01 Jul 2020 - 31 Dec 2020
Payment Timing
Average Time to Pay
27 days
Payment Periods
Shortest
30 days
Longest
60 days
Max Contractual
180 days
Payment Timeline
Not Paid Within Terms
0%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 27 | 87% | 13% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 27 | 74% | 26% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 26 | 77% | 23% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 58 | 44% | 48% | 8% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Mar 2019 | 58 | 14% | 67% | 18% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 59 | 12% | 43% | 45% | 45% |
Company Summary
ALC (SPC) LIMITED is a leading company in the UK that specializes in sustainable packaging solutions
The company was founded in 1998 and has since then been committed to providing environmentally friendly packaging options to its customers
The sustainability program at ALC (SPC) LIMITED focuses on reducing the environmental impact of its operations and products
This includes using recyclable and biodegradable materials in their packaging, implementing energy-efficient practices in their facilities, and promoting a circular economy by encouraging customers to reuse and recycle their packaging
The company offers a wide range of sustainable packaging products and services, including cardboard boxes, paper bags, and biodegradable packaging materials
They also provide custom packaging solutions to meet the specific needs of their clients
ALC (SPC) LIMITED has a team of dedicated professionals who are passionate about sustainability and are constantly working towards finding innovative and eco-friendly packaging solutions
The key people in the company include the managing director, marketing director, and operations manager
The company can be contacted through their website, where customers can request quotes, browse their product range, and learn more about their sustainability efforts
The registered office address for ALC (SPC) LIMITED is 26-28 Hammersmith Grove, London, W6 7BA, United Kingdom
In conclusion, ALC (SPC) LIMITED is a leading company in the UK that is committed to providing sustainable packaging solutions
With a strong focus on sustainability, a wide range of products and services, and a dedicated team, the company is making a positive impact on the environment and the packaging industry
Company Review
Trend Analysis
The trend for ALC (SPC) LIMITED's average time to pay invoices has been consistently decreasing over the past three periods, with a significant drop from 59 days in the first period to 27 days in the last period. The percentage of invoices paid within 30 days has also increased from 12% to 87% in the same time frame, indicating a positive trend towards early payment. However, there has been some volatility in the percentage of invoices paid between 31 and 60 days, with a decrease from 67% to 13% in the second last period before increasing to 26% in the last period.
Volatility Analysis
There has been some volatility in ALC (SPC) LIMITED's payment practices, particularly in the percentage of invoices paid between 31 and 60 days. This could indicate inconsistent payment processes or delays in invoice processing during certain periods.
Summary Analysis
Over the past three periods, ALC (SPC) LIMITED has shown a consistent trend towards decreasing the average time to pay invoices and increasing the percentage of invoices paid within 30 days. The company has also maintained a standard payment period of 30 days. However, there has been some volatility in the percentage of invoices paid between 31 and 60 days, indicating a need for more consistent payment practices.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
It is the Company policy to agree appropriate terms of payment with each supplier, and to pay invoices in line with those terms subject to the timely submission of satisfactory invoices. Payment runs are made weekly for external supplier payments. The weekly payment run will include any invoices due for payment within the next 2 weeks. Inter-company payment rules are governed by the core contract and are generally payable within 60 days. Payment runs for intercompany invoices are run at the end of each month for any invoices payable in that period. For inter-company invoices raised early in a month, these can take upto 90 days to payment. Exceptional items, as defined and agreed within the contract, are deferred for payment to the end of each six month period ending 30 March and 31 September each year.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
180
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to both party’s satisfaction prior to payment being made. Invoice queries are dealt with in the first instance by Accounts Payable who will aim to resolve issues as quickly as possible in order to make payment.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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