SPTS TECHNOLOGIES LIMITED
Company Information
- Company Number
- 07037852
- Registered Address
- Spts, Ringland Way, Newport, Gwent, NP18 2TA
- Status
- Active
- Employee Count
- 533.0
- Turnover
- 366851000.0
- EBITDA
- 140344000.0
Additional Details
- Website
- https://www.spts.com/
- Company Type
- Private limited Company
- Incorporated On
- 12 October 2009
- Nature of Business
- 27900 - Manufacture of other electrical equipment
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- Wales
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 Jun 2023 - 31 Dec 2023 | 31 Jan 2024 | 28 | 75% | 17% | 8% | 27% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 30 | 72% | 19% | 9% | 31% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 26 | 76% | 15% | 9% | 23% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 34 | 69% | 21% | 10% | 38% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Feb 2022 | 27 | 71% | 23% | 6% | 37% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 31 | 63% | 33% | 4% | 23% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 31 | 64% | 30% | 6% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 10 Jul 2020 | 32 | 61% | 34% | 5% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 32 | 60% | 37% | 3% | 18% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 32 | 57% | 40% | 3% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 37 | 38% | 52% | 10% | 86% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 86% | ||||
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 40 | 23% | 66% | 11% | 93% |
Company Summary
SPTS Technologies Limited is a leading provider of advanced wafer processing solutions for the global semiconductor industry
Headquartered in Newport, UK, the company has over 30 years of experience in delivering innovative and sustainable solutions to its customers
The company's sustainability program is focused on reducing its environmental impact and promoting sustainable practices
This includes initiatives such as energy and water conservation, waste reduction, and responsible sourcing of materials
SPTS also works closely with its suppliers and customers to ensure that sustainable practices are implemented throughout the supply chain
SPTS offers a wide range of products and services, including etch, deposition, and thermal processing solutions
These technologies enable the production of advanced semiconductor devices used in applications such as mobile phones, computers, and automotive electronics
The company's key people include Kevin Crofton, President of SPTS, who has over 30 years of experience in the semiconductor industry
Other key executives include Dr
Dave Thomas, Chief Technology Officer, and Mike Kirkup, Chief Operating Officer
SPTS can be contacted through their website, www.spts.com, which provides information on their products, services, and sustainability efforts
The company's registered office address is SPTS Technologies Limited, 10 Malvern Way, Newport NP20 5PJ, UK
In summary, SPTS Technologies Limited is a leading provider of advanced wafer processing solutions with a strong focus on sustainability
Their innovative products and services, along with their commitment to sustainable practices, make them a key player in the global semiconductor industry
Company Review
Trend Analysis
The trend for SPTS TECHNOLOGIES LIMITED over the past three periods shows a decrease in the average time taken to pay invoices, with a peak in 2018 at 40 days, followed by a steady decline to 28 days in the most recent period. This indicates an improvement in the company's payment efficiency and a commitment to paying invoices in a timely manner.
Volatility Analysis
The volatility of SPTS TECHNOLOGIES LIMITED's invoice payment patterns can be seen in the fluctuations of the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. While there is a general downward trend in these percentages, there are periods where there is a significant increase or decrease. For example, in 2019 there was a sharp decrease in the percentage of invoices paid later than 60 days, followed by an increase in the next period. This indicates that the company may experience some challenges in consistently paying invoices within a specific time frame.
Summary Analysis
Between 2021-07-01 and 2023-06-30, SPTS TECHNOLOGIES LIMITED showed improvement in their payment efficiency, with the average time taken to pay invoices decreasing from 31 to 28 days. The percentage of invoices paid within 30 days also increased from 63% to 75%, while the percentage of invoices paid later than 60 days decreased from 23% to 17%. However, the company still struggles with paying invoices within agreed terms, with the percentage of invoices not paid within agreed terms remaining consistently high at around 30%.
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 payment terms are 30 days. However, payment terms vary within each qualifying contract. Our shortest being 0 days.
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
60
Dispute Resolution Process
There is a dedicated accounts payable department consisting of four members of staff available to resolve disputes Monday to Friday8.00am - 4.00pm. We aim to resolve queries with 72 hours. There is a dedicated accounts payable email address for ease of supplier contact.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
