DIAGEO SCOTLAND LIMITED
Company Information
- Company Number
- SC000750
- Registered Address
- 11 Lochside Place, Edinburgh, Scotland, EH12 9HA
- Status
- Active
- Employee Count
- 3152.0
- Turnover
- 2608000000.0
- EBITDA
- 1140000000.0
Additional Details
- Website
- https://diageo.com
- Company Type
- Private limited Company
- Incorporated On
- 24 April 1877
- Nature of Business
- 11010 - Distilling, rectifying and blending of spirits
- Industries
- Lifestyle And Entertainment
- Region
- East of Scotland
Company Location
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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 | 31 Jan 2024 | 75 | 2% | 43% | 55% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 76 | 2% | 45% | 53% | 5% |
| 01 Jul 2022 - 31 Jan 2023 | 31 Jan 2023 | 77 | 2% | 46% | 52% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 80 | 2% | 43% | 55% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 78 | 2% | 40% | 58% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 78 | 1% | 40% | 59% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 78 | 2% | 42% | 56% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 81 | 2% | 39% | 59% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 79 | 1% | 40% | 59% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 78 | 2% | 41% | 57% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 78 | 2% | 41% | 57% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 81 | 1% | 32% | 66% | 10% |
| 01 Jul 2017 - 31 Dec 2017 | 31 Jan 2018 | 76 | 1% | 35% | 64% | 9% |
Company Summary
DIAGEO SCOTLAND LIMITED is a leading alcoholic beverage company based in Scotland
They are committed to sustainability and have implemented various initiatives to reduce their environmental impact
Their sustainability program includes reducing water usage, recycling and reusing packaging materials, and promoting responsible consumption of their products
They have also set targets to reduce their carbon footprint and have invested in renewable energy sources
The company offers a wide range of products, including famous brands such as Johnnie Walker, Smirnoff, and Guinness
They also have a portfolio of premium spirits and wines
The key people at DIAGEO SCOTLAND LIMITED include Chairman Dr
Franz Humer and Managing Director Dayalan Nayager
Their website address is www.diageo.com and their registered office address is Lakeside Drive, Park Royal, London, NW10 7HQ, United Kingdom
In addition to their commitment to sustainability, DIAGEO SCOTLAND LIMITED is also involved in various philanthropic and community initiatives, such as supporting local charities and promoting responsible drinking
Overall, DIAGEO SCOTLAND LIMITED is a highly respected company known for its high-quality products, commitment to sustainability, and involvement in the community
Company Review
Trend Analysis
The average time taken for DIAGEO SCOTLAND LIMITED to pay invoices has remained relatively consistent over the past three periods, with a slight increase in the most recent period.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated between 1% and 2% over the past three periods, with the highest percentage in the most recent period. The percentage of invoices paid between 31 and 60 days has also fluctuated between 32% and 46%, with the highest percentage in the most recent period. The percentage of invoices paid later than 60 days has remained consistent at around 50-60%, with the highest percentage in the most recent period. The percentage of invoices not paid within agreed terms has also fluctuated between 4% and 9%, with the lowest percentage in the most recent period.
Summary Analysis
The average time for DIAGEO SCOTLAND LIMITED to pay invoices has remained consistent at around 78-81 days over the past three periods. However, there has been a slight increase in the most recent period. The percentage of invoices paid within 30 days and between 31 and 60 days has also remained consistent, with a slight increase in the most recent period. The percentage of invoices paid later than 60 days has also remained consistent, with a slight decrease in the most recent period. The percentage of invoices not paid within agreed terms has fluctuated, with the lowest percentage in the most recent period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
SMEs are on 60 day payment terms and larger suppliers, including multi-national companies, are on contracts with longer payment terms mutually agreed on a case-by-case basis. The combination of both larger suppliers and SMEs is reflected in our reported data. We are continually working to improve our payment practices, with an acute focus on the small-to-medium suppliers (SMEs) within our supply chain. We continue to analyse the root cause of any late payments, including process errors caused by us or our suppliers to enable payment to terms.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
A preferential Supplier Financing facility is available to our suppliers. This arrangement enables payment to suppliers earlier than standard or contracted payment terms.
Maximum contractual payment period agreed
180
Dispute Resolution Process
Supplier payment issues that arise in the first instance are addressed by the shared financial services team. Depending on the issue, Procurement may be involved to resolve any disputes or issues via the Diageo internal dispute resolution process. Suppliers may raise any questions/request via the Supplier Service Hub and that is directed to the relevant team for prompt resolution.
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
