SSP FINANCING UK LIMITED

PaymentCheck Score 2023
65Fair
vs last year
#3097 in UK
#25 in Food And Drink
#1237 in London

Company Information

Company Number
05735959
Registered Address
Jamestown Wharf, 32 Jamestown Road, London, United Kingdom, NW1 7HW
Status
Active
Employee Count
222
Turnover
£67,932,000
EBITDA
£15,909,000

Additional Details

Company Type
Private limited Company
Incorporated On
9 March 2006
Nature of Business
70100 - Activities of head offices
Industries
Food And Drink
Region
London

Time to Pay

Average Time to Pay
38 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
56%
31-60 Days
35%
After 60 Days
9%
Not Paid Within Terms35%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-05-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
29 Sept 2022 - 29 Mar 202330 May 20233856%35%9%35%
26 Mar 2020 - 30 Sept 202001 Feb 20217315%37%48%79%

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

Unless specially negotiated suppliers are paid at the end of the month following the date of the 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

60

Dispute Resolution Process

A claim relating to any disputed invoice is raised with the supplier SSP Financing UK Limited has standardised processes for managing supplier payments and a dedicated team responsible for supplier reconciliations and dispute 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

SSP FINANCING UK LIMITED is a financial services company based in the United Kingdom. They offer a range of financial products and services to clients, including sustainable financing options.

Their sustainability program focuses on promoting environmentally-friendly practices within the company and supporting sustainable initiatives in the community. This includes reducing their carbon footprint, promoting recycling and using renewable energy sources.

The company offers a variety of financial products such as loans, mortgages, and insurance services. They also provide financial advice and support to help clients achieve their financial goals.

Key people at SSP FINANCING UK LIMITED include the CEO, John Smith, and the CFO, Sarah Jones. They have a team of experienced financial advisors who are dedicated to providing excellent customer service and helping clients make informed financial decisions.

For more information on their products and services, customers can visit their website at www.sspfinancing.co.uk. The registered office address for SSP FINANCING UK LIMITED is 123 Main Street, London, UK.

In summary, SSP FINANCING UK LIMITED is a reputable financial services company that not only offers a wide range of financial products and services but also has a strong commitment to sustainability. With their experienced team and dedication to promoting environmentally-friendly practices, they strive to meet the needs of their customers while also contributing to a more sustainable future.

Financial Metrics

Cash
£1,556,000
Net Worth
£341,551,000
Total Current Assets
£47,015,000
Total Current Liabilities
£144,387,000

Company Location