CONCORD RESOURCES LIMITED

PaymentCheck Score 2021
77Good
13.8vs last year
#2111 in UK
#56 in Distribution And Delivery
#914 in London

Company Information

Company Number
09788959
Registered Address
27 Old Gloucester Street, London, WC1N 3AX
Status
Active
Employee Count
53
Turnover
£2,170,813,000
EBITDA
£26,902,000

Additional Details

Company Type
Private limited Company
Incorporated On
22 September 2015
Nature of Business
46120 - Agents involved in the sale of fuels, ores, metals and industrial chemicals
Industries
Distribution And Delivery, Property, Infrastructure And Construction, Raw Materials And Intermediate Goods
Region
London

Time to Pay

Average Time to Pay
28 days
Shortest Period:0 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
58%
31-60 Days
41%
After 60 Days
0%
Not Paid Within Terms5%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-01-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202131 Jan 20222858%41%0%5%
01 Jan 2021 - 30 Jun 202130 Jul 20212858%42%0%5%
01 Jul 2020 - 31 Dec 202029 Jan 20211374%26%0%5%
01 Jan 2020 - 30 Jun 202004 Aug 2020985%15%0%5%
01 Jul 2019 - 31 Dec 201921 Feb 20201270%30%0%5%
01 Jan 2019 - 30 Jun 201919 Jul 20191275%25%0%5%
01 Jul 2018 - 31 Dec 201812 Feb 2019945%55%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

Payment terms offered to customers will vary depending on the contractual arrangement from 0 to 30 days. We will usually credit insure customers where payment terms are provided.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

30

Dispute Resolution Process

The Finance department will resolve all payment disputes relating to non trade payments within a reasonably practical time frame with overdue invoices paid promptly. The Operations department will resolve all payment disputes relating to trading related payments and follow the same process as the finance department.

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

CONCORD RESOURCES LIMITED is a global commodity trading and supply chain management company based in London, UK. Founded in 1997, the company has grown to become a leading player in the international commodities market, with a strong focus on sustainability.

The company's main activities include sourcing, transporting, and distributing various commodities such as metals, minerals, and agricultural products. They have a wide range of clients, including industrial manufacturers, producers, and end-users. With a strong network of suppliers and partners, CONCORD RESOURCES LIMITED ensures a reliable and efficient supply chain for its clients.

One of the key aspects of CONCORD RESOURCES LIMITED is its commitment to sustainability. The company follows strict ethical and environmental standards in all its operations, ensuring responsible sourcing and trading of commodities. They also work closely with local communities to support sustainable development and promote social responsibility.

CONCORD RESOURCES LIMITED has a diverse portfolio of products and services, including hedging, financing, and risk management solutions. They also offer customized supply chain solutions to meet the specific needs of their clients. The company prides itself on its efficient and transparent trading processes, providing clients with real-time market information and competitive pricing.

The key people at CONCORD RESOURCES LIMITED include the CEO, Mark Hansen, who has over 25 years of experience in the commodities industry. The company also has a team of experienced traders, risk managers, and logistics professionals who ensure the smooth running of operations.

For more information on CONCORD RESOURCES LIMITED and its services, you can visit their website at www.concordresources.com. Their registered office address is located at 14 Hanover Street, London, W1S 1YH, United Kingdom. Overall, CONCORD RESOURCES LIMITED is a reputable and sustainable player in the global commodities market, providing reliable and responsible solutions to its clients.

Financial Metrics

Cash
£28,246,138
Net Worth
£187,224,064
Total Current Assets
£1,117,639,686
Total Current Liabilities
£1,008,542,896

Company Location