IAN MACLEOD DISTILLERS LIMITED

PaymentCheck Score 2022
54Fair
2.1vs last year
#3859 in UK
#168 in Distribution And Delivery
#178 in Scotland

Company Information

Company Number
SC032696
Registered Address
Peter Russell House 2 Youngs Road, East Mains Industrial Estate, Broxburn, West Lothian, Scotland, EH52 5LY
Status
Active
Employee Count
320
Turnover
£128,255,000
EBITDA
£24,703,000

Additional Details

Company Type
Private limited Company
Incorporated On
26 November 1957
Nature of Business
11010 - Distilling, rectifying and blending of spirits
46342 - Wholesale of wine, beer, spirits and other alcoholic beverages
Industries
Distribution And Delivery, Food And Drink
Region
Scotland

Time to Pay

Average Time to Pay
53 days
Shortest Period:5 days
Longest Period:60 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
26%
31-60 Days
61%
After 60 Days
14%
Not Paid Within Terms0%

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: 2022-05-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Oct 2021 - 31 Mar 202226 May 20225326%61%14%0%
01 Apr 2021 - 30 Sept 202126 May 20224727%57%16%0%
01 Oct 2020 - 31 Mar 202126 May 20224324%61%15%0%
01 Apr 2020 - 30 Sept 202026 May 20226518%58%24%0%
01 Oct 2019 - 31 Mar 202026 May 20224824%58%18%0%
01 Apr 2019 - 30 Sept 201926 May 20224318%70%12%0%
01 Oct 2018 - 31 Mar 201924 Apr 20194626%61%13%80%
04 Apr 2018 - 30 Sept 201826 Oct 20184523%64%13%80%
01 Oct 2017 - 31 Mar 201830 Apr 20184722%63%15%80%

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

45 payment terms are standard unless the supplier applies different terms, including those that are shorter

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

90

Dispute Resolution Process

Initial contact is with accounts payable who will then raise with procuring manager. If unresolved then escalate to finance director.

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

IAN MACLEOD DISTILLERS LIMITED is a leading independent distiller and bottler based in Scotland. Founded in 1933, the company has a rich history of producing premium spirits and has become a well-respected name in the industry.

The company's core activities include the production, bottling, and distribution of a wide range of spirits, including whisky, gin, and rum. Their flagship brands include Glengoyne, Tamdhu, and Smokehead, all of which have won multiple awards and accolades.

IAN MACLEOD DISTILLERS LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have invested in renewable energy sources and have a goal to reduce their carbon footprint by 20% by 2025.

The company also prioritizes ethical and responsible sourcing of ingredients and has partnerships with local farmers to ensure sustainability in their supply chain. They also actively support various charitable and community initiatives.

The key people behind the company's success include Managing Director Leonard Russell and Chairman Scott Watson. Both have extensive experience in the industry and are passionate about producing high-quality spirits.

To contact IAN MACLEOD DISTILLERS LIMITED, individuals can visit their website at www.ianmacleod.com or reach out to their registered office at Russell House, Dunnet Way, Broxburn, West Lothian, EH52 5BU, United Kingdom. With a strong commitment to sustainability and a portfolio of award-winning products, IAN MACLEOD DISTILLERS LIMITED continues to be a leader in the spirits industry.

Financial Metrics

Cash
£6,007,000
Net Worth
£163,535,000
Total Current Assets
£186,694,000
Total Current Liabilities
£90,765,000

Company Location