The trend for SPEYSIDE COOPERAGE LIMITED's average time to pay invoices has been fluctuating over the past three periods. In the first period, the average time to pay was 34 days, which decreased to 33 days in the second period, but then increased to 34 days again in the third period.
The volatility of SPEYSIDE COOPERAGE LIMITED's average time to pay invoices has been relatively stable, with only a 1 day difference between the highest and lowest values in the past three periods.
Overall, SPEYSIDE COOPERAGE LIMITED has improved their payment efficiency in the most recent period (Nov 2018 - Apr 2019) compared to the previous two periods. The percentage of invoices paid within 30 days has increased from 36% to 39%, and the percentage paid between 31 and 60 days has decreased from 61% to 59%. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 3% to 4%. It is worth noting that in the first period (May 2017 - Oct 2017), there was a higher percentage of invoices paid later than 60 days (3%) compared to the third period (4%).
| 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 Nov 2018 - 30 Apr 2019 | 29 Aug 2019 | 34 | 36% | 61% | 3% | 3% |
| 01 May 2018 - 31 Oct 2018 | 01 Aug 2019 | 33 | 39% | 59% | 2% | 60% |
| 01 Nov 2017 - 30 Apr 2018 | 01 Aug 2019 | 26 | 44% | 52% | 4% | 60% |
| 01 May 2017 - 31 Oct 2017 | 23 Mar 2018 | 34 | 30% | 67% | 3% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
net 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
60
Invoices put on hold until payment received
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
Speyside Cooperage Limited operates a traditional cooperage in Craigellachie, Moray, crafting and repairing whisky casks for distilleries, spirit manufacturers and breweries. Registered in Scotland since 1965, the company also runs a visitor attraction on the Malt Whisky Trail, offering tours where visitors can watch craftsmen making and repairing oak casks from a viewing gallery. Alongside its cooperage work, it sells branded gifts and merchandise, including glassware, coasters and games, through an online shop. Its core activity remains the practical craft of cask-making and repair to serve the whisky and brewing industries, combined with tourism income from its visitor centre.
Generated from the company's website and Companies House records. Sources: speysidecooperage.co.uk · speysidecooperage.co.uk