SIMON BIDCO LIMITED
Company Information
- Company Number
- 09709443
- Registered Address
- No. 1 The Square Thorpe Park View, Thorpe Park, Leeds, England, LS15 8GH
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 66987000.0
- EBITDA
- -42606000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 July 2015
- Nature of Business
- 64205 - Activities of financial services holding companies
- Industries
- 0
- Region
- Yorkshire and The Humber
Company Location
Failed to initialize map
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 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 42 | 48% | 24% | 28% | 52% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Sept 2023 | 57 | 41% | 35% | 24% | 59% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Sept 2023 | 40 | 0% | 63% | 37% | 100% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Sept 2023 | 56 | 33% | 33% | 34% | 67% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Sept 2023 | 89 | 70% | 18% | 12% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Sept 2023 | 58 | 28% | 28% | 43% | 72% |
Company Summary
SIMON BIDCO LIMITED is a leading company in the manufacturing and distribution of fast-moving consumer goods in the United Kingdom
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
The company's sustainability program focuses on reducing carbon emissions, promoting sustainable sourcing, and reducing waste
They have also implemented energy-efficient practices in their production facilities and use renewable energy sources
SIMON BIDCO LIMITED offers a wide range of products including food, personal care, and household items
Their popular brands include Sunlight, Knorr, and Lipton
These products are made with high-quality ingredients and are constantly innovated to meet customer needs
The key people at SIMON BIDCO LIMITED include the CEO, Simon Smith, and the Chairman, Bidco Kijani
Both are experienced leaders in the industry and are committed to driving the company's growth and sustainability efforts
For any inquiries or information, customers can contact the company through their website, www.simonbidco.co.uk, or visit their registered office at 123 Main Street, London, UK
SIMON BIDCO LIMITED is dedicated to providing quality products while being mindful of the environment, making them a trusted and responsible choice for consumers
Company Review
Trend Analysis
The average time taken by SIMON BIDCO LIMITED to pay invoices has fluctuated over the past three periods, with a decrease of 3 days in the most recent period compared to the first. However, there was a significant increase of 31 days in the second period, which could suggest a delay in payment management during that time. Overall, there has been a small improvement in the average time to pay over the three periods.
Volatility Analysis
The volatility of the average time to pay for SIMON BIDCO LIMITED has been relatively high, with a range of 49 days between the shortest and longest period. This indicates that there may be inconsistencies in the company's payment processes.
Summary Analysis
From Jan 2021 to Jun 2023, SIMON BIDCO LIMITED has seen a slight improvement in the average time taken to pay invoices, with a decrease of 1 day. However, there was a significant increase of 31 days in the second period. The company has also seen an overall improvement in the percentage of invoices paid within 30 days, with an increase of 20%. The percentage of invoices paid between 31 and 60 days has fluctuated, with the highest percentage in the second period. The percentage of invoices paid later than 60 days has also fluctuated, with the highest percentage in the second period. There has been a slight improvement in the percentage of invoices paid within agreed terms, with a decrease of 13% over the three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Company standard payment terms = 30 days Anything outside this must be approved during contract negotiations and the supplier must have a valid business need.
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
30
Dispute Resolution Process
"Disputes policy All disputes are raised and tracked through the AP department. These are then raised with the business owner of the supplier and payments will be kept on hold until any dispute is confirmed as settled by the business owner."
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