SPEYSIDE COOPERAGE LIMITED
Company Information
- Company Number
- SC041812
- Registered Address
- Dufftown Road, Craigellachie, Banffshire, AB38 9RS
- Status
- Active
- Employee Count
- 142
- Turnover
- £45,215,000
- EBITDA
- £2,430,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 March 1965
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- Lifestyle And Entertainment
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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%).
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 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% |
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
net 30 days
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
60
Dispute Resolution Process
Invoices put on hold until payment received
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
SPEYSIDE COOPERAGE LIMITED is a cooperage company based in Scotland that specializes in the production of high-quality oak casks for the whisky industry. Founded in 1947, the company has become a leader in the cooperage industry, with a reputation for excellence and sustainability.
The company's main activity is the manufacturing of oak casks, which are used for maturing whisky and other spirits. This process requires skilled craftsmanship and attention to detail, and SPEYSIDE COOPERAGE LIMITED is known for its expert team of coopers who use traditional techniques to produce casks of the highest quality.
In addition to their core product, the company also offers a range of services, including cask maintenance and repair, as well as bespoke cask designs for customers. They also have a sustainability program in place, which focuses on responsible sourcing of oak wood and reducing their environmental impact through recycling and energy conservation practices.
The key people at SPEYSIDE COOPERAGE LIMITED include the managing director, James McGregor, and the production director, David Binnie, who both have extensive experience in the cooperage industry. The company also has a team of highly skilled coopers who have been trained in the traditional techniques of cask making.
For those interested in learning more about SPEYSIDE COOPERAGE LIMITED and their products and services, they can visit their website at www.speysidecooperage.co.uk. The company's registered office address is located at Drummuir, Craigellachie, Banffshire, AB38 9RS, Scotland.
