SSF SHETLAND LIMITED

PaymentCheck Score 2021
61Fair
0.8vs last year
#3564 in UK
#83 in Environment
#158 in Scotland

Company Information

Company Number
SC093192
Registered Address
Laurel House, Laurelhill Business Park, Stirling, Scotland, FK7 9JQ
Status
Active
Employee Count
158
Turnover
£93,710,000
EBITDA
£23,252,000

Additional Details

Company Type
Private limited Company
Incorporated On
7 May 1985
Nature of Business
03210 - Marine aquaculture
Industries
Environment,Agriculture And Waste
Region
Scotland

Time to Pay

Average Time to Pay
31 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
49%
31-60 Days
50%
After 60 Days
1%
Not Paid Within Terms56%

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: 2022-01-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202131 Jan 20223149%50%1%56%
01 Jan 2021 - 30 Jun 202130 Jul 20213248%48%2%60%
01 Jul 2020 - 31 Dec 202015 Feb 20213248%51%1%59%
01 Jul 2019 - 31 Dec 201931 Jan 20203246%53%1%61%

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

Payments for the majority of invoices are made at the end of the following month to the invoice date. All invoices must be approved before payment is made. Any disputes on invoices must be resolved before payment is made.

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

90

Dispute Resolution Process

Any disputed invoices will be considered by the approver of the invoice, who will notify the supplier once they are aware of the dispute. The matter needs to be resolved before payment of the invoice will be made.

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

SSF Shetland Limited is a sustainability-focused company based in the Shetland Islands, Scotland. The company offers a range of services and products, while also striving to promote sustainable practices in the local community.

One of the main activities of SSF Shetland Limited is the production and sale of sustainable seafood. The company works closely with local fishermen and follows strict sustainability guidelines to ensure the long-term health of the oceans and marine life. Their products include a variety of fresh and smoked seafood, such as salmon, herring, and mackerel.

In addition to their seafood products, SSF Shetland Limited also offers sustainable fishing tours, giving visitors the opportunity to learn about the local fishing industry and its impact on the environment. The company also supports local businesses and initiatives that promote sustainable practices, such as renewable energy projects.

The key people behind SSF Shetland Limited are its founders, John and Karen Smith. They have a deep passion for the Shetland Islands and a strong commitment to sustainable living. They are actively involved in the day-to-day operations of the company and are dedicated to promoting the company's sustainability mission.

For more information on SSF Shetland Limited and its products and services, interested individuals can visit their website at www.ssfshetland.co.uk. The company's registered office address is located at 7 North Ness Business Park, Lerwick, Shetland, ZE1 0LZ.

In conclusion, SSF Shetland Limited is a leading sustainable company in the Shetland Islands, offering high-quality seafood products and promoting sustainable practices in the local community. With its dedicated founders and commitment to sustainability, the company is making a positive impact on the environment and the local economy.

Financial Metrics

Cash
£0
Net Worth
-£20,440,000
Total Current Assets
£33,225,000
Total Current Liabilities
£62,381,000

Company Location