Industry ranking
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%.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
Simon Midco Limited is a UK-registered private company incorporated in August 2015, with its registered office at Thorpe Park in Leeds. According to Companies House records, its nature of business is classified under SIC code 64205, activities of financial services holding companies. This indicates that Simon Midco functions as a holding entity within a wider corporate group rather than trading directly with customers itself. The company remains active, with a number of directors of varying nationalities appointed over time. No further detail is available in the evidence about the specific trading activities of the underlying group that Simon Midco Limited holds interests in.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk