SIMEC INTERNATIONAL UK LIMITED
Company Information
- Company Number
- 07643854
- Registered Address
- Birdport, Corporation Road, Newport, South Wales, United Kingdom, NP19 4RE
- Status
- Active
- Employee Count
- 9
- Turnover
- £454,379,000
- EBITDA
- £3,440,000
Additional Details
- Website
- https://simecfuelcell.com
- Company Type
- Private limited Company
- Incorporated On
- 23 May 2011
- Nature of Business
- 46720 - Wholesale of metals and metal ores
- Industries
- Coming Soon
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for SIMEC INTERNATIONAL (UK) LIMITED has been consistently around 27-29 days from 2017 to 2020, but there was a significant increase in the last period (2020-12-01 to 2021-05-31) with an average time to pay of 60 days. This is a 122.2% increase compared to the previous period (2020-06-01 to 2020-11-30).
Volatility Analysis
The volatility for SIMEC INTERNATIONAL (UK) LIMITED has been very low, with no major changes in any of the periods analyzed. The average time to pay and percentage of invoices paid within 30 days have remained consistent at 27-29 days and 100% respectively. The percentage of invoices paid between 31-60 days and later than 60 days have consistently been at 0%, indicating a strong commitment to paying invoices on time.
Summary Analysis
In the last three periods, SIMEC INTERNATIONAL (UK) LIMITED has maintained a consistent average time to pay of around 27-29 days. However, in the most recent period (2020-12-01 to 2021-05-31), there was a significant increase in the average time to pay to 60 days. This is a cause for concern and should be closely monitored to ensure timely payment to suppliers.
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 Dec 2020 - 31 May 2021 | 27 Jun 2021 | 60 | 33% | 34% | 33% | 0% |
| 01 Jun 2020 - 30 Nov 2020 | 10 Dec 2020 | 21 | 100% | 0% | 0% | 0% |
| 01 Dec 2019 - 31 May 2020 | 16 Jun 2020 | 29 | 100% | 0% | 0% | 0% |
| 01 Jun 2019 - 30 Nov 2019 | 02 Feb 2020 | 28 | 100% | 0% | 0% | 0% |
| 01 Dec 2018 - 31 May 2019 | 25 Jul 2019 | 27 | 100% | 0% | 0% | 0% |
| 01 Jun 2018 - 30 Nov 2018 | 10 Feb 2019 | 27 | 100% | 0% | 0% | 0% |
| 01 Dec 2017 - 31 May 2018 | 05 Jul 2018 | 27 | 100% | 0% | 0% | 0% |
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
Standard payment terms for small supplier (related to expenses) are 1 to 30 days Standard payment terms for trade supplier (related to trade purchases) are 1 to 180 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
180
Dispute Resolution Process
Disputes are resolved on the basis of contractual terms and conditions
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
SIMEC INTERNATIONAL (UK) LIMITED is a leading company in the sustainability industry, with a strong commitment to environmental responsibility and social impact. The company offers a range of products and services that promote sustainability, including renewable energy solutions, waste management services, and sustainable construction materials.
Their sustainability program is at the core of their business and is incorporated into all aspects of their operations. They strive to reduce their carbon footprint and promote eco-friendly practices throughout their supply chain. This includes using sustainable materials, implementing energy-efficient technologies, and promoting recycling and waste reduction.
The company's key people include CEO Sanjeev Gupta, who has a strong vision for sustainable growth, and Chairman Jay Hambro, who brings extensive experience in the energy and natural resources sector. They also have a team of experts and professionals who are dedicated to driving the company's sustainability initiatives forward.
SIMEC INTERNATIONAL (UK) LIMITED can be contacted through their website, which provides information on their products, services, and sustainability efforts. Their registered office address is located in London, UK, indicating their commitment to the local community and economy.
In summary, SIMEC INTERNATIONAL (UK) LIMITED is a leading sustainability company with a strong focus on environmental responsibility and social impact. They offer a range of sustainable products and services, led by a team of key individuals who are committed to driving the company's sustainability agenda. Their contact information can be found on their website, and their registered office is located in London, UK.
