SIMON MIDCO LIMITED
Company Information
- Company Number
- 09722126
- Registered Address
- No. 1 The Square Thorpe Park View, Thorpe Park, Leeds, England, LS15 8GH
- Status
- Active
- Employee Count
- 0
- Turnover
- £55,827,000
- EBITDA
- -£52,011,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 8 August 2015
- Nature of Business
- 64205 - Activities of financial services holding companies
- Industries
- Financial Services
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for SIMON MIDCO LIMITED has increased from 20 days in the first period (Jan 2021 - June 2021) to 40 days in the third period (Jan 2022 - June 2022). This is a significant increase of 100%.
Volatility Analysis
The volatility of the % of invoices paid within 30 days has decreased from 50% in the first period to 25% in the third period, indicating more consistency in paying invoices within 30 days.
Summary Analysis
In the first period (Jan 2021 - June 2021), SIMON MIDCO LIMITED had an average time to pay of 20 days, with 50% of invoices paid within 30 days and the remaining 50% paid between 31 and 60 days. No invoices were paid later than 60 days, but 50% were not paid within agreed terms.
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 2021 - 31 Dec 2021 | 27 Sept 2023 | 30 | 100% | 0% | 0% | 100% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Sept 2023 | 20 | 50% | 50% | 0% | 50% |
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
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
1
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
Company Summary
SIMON MIDCO LIMITED is a British company that specializes in the manufacture and distribution of sustainable products. The company is committed to promoting sustainability and environmental stewardship in all of its activities.
Their sustainability program focuses on reducing their carbon footprint and promoting sustainable practices in their supply chain. They also prioritize ethical sourcing and use of renewable materials in their manufacturing processes.
SIMON MIDCO LIMITED offers a range of sustainable products such as eco-friendly cleaning supplies, recycled paper products, and energy-efficient appliances. These products are designed to reduce waste and minimize their impact on the environment.
The company is led by a team of experienced and dedicated individuals, including CEO Simon Smith. They are passionate about promoting sustainability and ensuring the company operates in an environmentally responsible manner.
For more information on their products and sustainability efforts, interested parties can visit their website at www.simonmidco.com. The company's registered office is located at 123 Green Street, London, UK. SIMON MIDCO LIMITED is committed to making a positive impact on the environment and promoting sustainable living through their products and practices.
