MACFARLAN SMITH LIMITED
Company Information
- Company Number
- SC035640
- Registered Address
- Wheatfield Road, Edinburgh, EH11 2QA
- Status
- Active
- Employee Count
- 330
- Turnover
- £77,852,000
- EBITDA
- -£8,399,000
Additional Details
- Website
- https://www.bitrex.com/
- Company Type
- Private limited Company
- Incorporated On
- 12 September 1960
- Nature of Business
- 21100 - Manufacture of basic pharmaceutical products
- Industries
- Life Sciences And Medical Technology
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
MACFARLAN SMITH LIMITED consistently demonstrates a trend of payments extending beyond the typical 30-day window, with an average payment time of 42 days. The largest segment (51%) of payments settles between 31 and 60 days, indicating a clear trajectory where suppliers should anticipate payment cycles often reaching the two-month mark rather than within 30 days.
Volatility Analysis
Payment reliability for MACFARLAN SMITH LIMITED shows moderate volatility due to a notable 21% of payments being late and 18% exceeding 60 days. While over half of payments fall within a predictable 31-60 day range, suppliers face a significant risk of unpredictable and extended delays for a substantial minority of invoices. This distribution suggests a varied payment experience with a notable chance of deviation from the average.
Summary Analysis
Suppliers should approach engagements with MACFARLAN SMITH LIMITED with caution, factoring in an average payment period of 42 days and a significant risk of payments extending past 60 days. Key decision factors include the supplier's cash flow capacity and willingness to tolerate extended payment terms. Mitigation strategies could involve negotiating shorter payment terms, requesting partial upfront payments, or ensuring clear late payment clauses are in place.
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 2025 - 30 Jun 2025 | 25 Jul 2025 | 42 | 31% | 51% | 18% | 21% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Jan 2025 | 42 | 12% | 79% | 9% | 21% |
| 01 Jan 2024 - 30 Jun 2024 | 12 Nov 2024 | 44 | 18% | 69% | 13% | 13% |
| 01 Oct 2023 - 31 Dec 2023 | 12 Nov 2024 | 54 | 7% | 69% | 23% | 32% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 51 | 17% | 61% | 22% | 27% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 55 | 18% | 57% | 26% | 30% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 45 | 24% | 58% | 18% | 24% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 43 | 19% | 67% | 14% | 22% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 45 | 19% | 62% | 19% | 27% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 46 | 24% | 57% | 19% | 28% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 49 | 17% | 61% | 22% | 30% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 45 | 29% | 57% | 14% | 20% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 42 | 25% | 63% | 12% | 16% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 44 | 26% | 59% | 15% | 22% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 44 | 25% | 61% | 14% | 18% |
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
Currently, we do not have standard payment terms across our business. There is a wide range of payment terms offered by, and negotiated with, our suppliers.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The date of receipt of supplier invoices is not recorded. Reported statistics are calculated from the date of the invoice. Supplier receipts of payment dates are unknown. For reporting purposes, receipt of payment dates are estimates. Within our procurement program, our intention is to introduce best practices and optimise to a suite of standard payment terms across the business. This will be supported by a roll-out of our new ERP system D365.
Maximum contractual payment period agreed
90
Dispute Resolution Process
Payment disputes are typically initially referred to the finance function, who will try to resolve them by agreement through discussion with the supplier. If resolution cannot be reached within a reasonable period, the matter will typically be escalated to the procurement function, who will try to reach resolution by agreement through further discussion with the supplier. As necessary, appropriate further dispute resolution mechanisms provided for in the contract will be used (i.e. reference to mediation, arbitration or litigation)
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.
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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.
❌
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
MACFARLAN SMITH LIMITED is an active private limited company. Its specific commercial activities are not detailed within the provided company name or type.
Registered in Scotland, MACFARLAN SMITH LIMITED holds company number SC035640. This active private limited company was incorporated on 12 September 1960, and its registered office is located at Wheatfield Road, Edinburgh, EH11 2QA.
As a private limited company in the UK, MACFARLAN SMITH LIMITED operates with limited liability for its shareholders. Companies structured in this manner are established to conduct a wide range of commercial activities, typically providing goods or services across various sectors to consumers, businesses, or other organisations within the market.
