SERVICES MACHINERY & TRUCKS LTD
Company Information
- Company Number
- 10822984
- Registered Address
- Moorfield Road, Duxford, Cambridge, England, CB22 4QX
- Status
- Active
- Employee Count
- 508
- Turnover
- £287,797,000
- EBITDA
- £18,069,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 June 2017
- Nature of Business
- 45190 - Sale of other motor vehicles45200 - Maintenance and repair of motor vehicles45320 - Retail trade of motor vehicle parts and accessories46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft
- Industries
- Distribution And Delivery, Lifestyle And Entertainment, Manufacturing, Road Travel, Supply Chain, Manufacturing And Commerce Models
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
SERVICES MACHINERY & TRUCKS LTD exhibits an average payment time of 42 days, indicating a consistent pattern of exceeding standard 30-day payment terms. A dominant trend shows 46% of payments occurring within 31-60 days, with a further 20% extending beyond 60 days, signifying prolonged payment cycles.
Volatility Analysis
With 56% of all payments being late and 20% falling into the "over 60 days" category, this company presents a high degree of unreliability and unpredictability regarding payment timelines. Suppliers face a significant risk of inconsistent cash flow due to the prevalent delays and extended payment periods.
Summary Analysis
Suppliers should factor in substantial delays to their cash flow due to the company's average 42-day payment time and 56% late payment rate. It is advisable to consider implementing stricter payment terms, such as upfront deposits or shorter net payment windows, to mitigate financial exposure and ensure healthier working capital.
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 Jan 2020 - 30 Jun 2020 | 03 Aug 2020 | 32 | 39% | 47% | 15% | 71% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 23 | 65% | 30% | 5% | 56% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 27 | 65% | 29% | 5% | 55% |
| 01 Jul 2018 - 31 Dec 2018 | 13 May 2019 | 42 | 34% | 46% | 20% | 56% |
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
End of month plus 30 days.
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
120
Dispute Resolution Process
Our most common dispute is simply a missing invoice, therefore a copy is requested and paid as usual. Any supplier invoice disputes over quantity or price would be tracked by the Accounts Payable but passed to the order placer to investigate and resolve. If the query cannot be resolved at Depot Level then Finance contact the Supplier for a credit note or proof of delivery etc. If not resolution can be found the supplier would be put on stop, so no further orders can be placed.
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.
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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.
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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.
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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?
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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
SERVICES MACHINERY & TRUCKS LTD is an active private limited company specialising in the provision of services related to machinery and trucks.
The company was incorporated on 16 June 2017, operating under company number 10822984. Its registered office is located at Moorfield Road, Duxford, Cambridge, England, CB22 4QX, within the East of England.
Companies operating in the machinery and trucks sector in the UK typically provide sales of new and used equipment, alongside comprehensive maintenance, repair, and servicing solutions. These businesses commonly supply parts and accessories, and offer rental or hire services for various industrial and commercial applications.
