DONALDSON TIMBER ENGINEERING LIMITED

PaymentCheck Score 2024
53Fair
6.2vs last year
#4314 in UK
#171 in Supply Chain
#194 in Scotland

Company Information

Company Number
SC099182
Registered Address
Donaldson House Saltire Centre, Pentland Park, Glenrothes, Fife, Scotland, KY6 2AG
Status
Active
Employee Count
462
Turnover
£114,161,000
EBITDA
£8,483,000

Additional Details

Company Type
Private limited Company
Incorporated On
22 May 1986
Nature of Business
16290 - Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
Industries
Supply Chain,Manufacturing And Commerce Models
Region
Scotland

Time to Pay

Average Time to Pay
38 days
Shortest Period:7 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
34%
31-60 Days
61%
After 60 Days
5%
Not Paid Within Terms16%

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)

Company Review

Trend Analysis

The average time to pay for DONALDSON TIMBER ENGINEERING LIMITED has been fluctuating over the past three periods, with a slight decrease in the most recent period. The percentage of invoices paid within 30 days has also been fluctuating, with a decrease in the most recent period. However, the percentage of invoices paid between 31 and 60 days has been steadily increasing. The percentage of invoices paid later than 60 days has also been fluctuating, with a slight decrease in the most recent period. The percentage of invoices not paid within agreed terms has been increasing over the past three periods.

Volatility Analysis

The average time to pay for DONALDSON TIMBER ENGINEERING LIMITED has been relatively stable, with a range of 34-42 days over the past three periods. The percentage of invoices paid within 30 days has been fluctuating between 26-46%, while the percentage of invoices paid between 31 and 60 days has been consistently between 49-63%. The percentage of invoices paid later than 60 days has also been fluctuating between 5-10%. The percentage of invoices not paid within agreed terms has been increasing, with a range of 4-25% over the past three periods.

Summary Analysis

Over the past three periods, average time to pay for DONALDSON TIMBER ENGINEERING LIMITED has remained relatively stable, ranging from 34-42 days. However, there has been a slight decrease in the most recent period. The percentage of invoices paid within 30 days has also remained relatively stable, ranging from 26-46%. However, there has been a decrease in the most recent period. The percentage of invoices paid between 31 and 60 days has been steadily increasing, while the percentage of invoices paid later than 60 days has fluctuated. The percentage of invoices not paid within agreed terms has been consistently increasing over the past three periods.

Performance Reports History

Reporting Period Filed: 2023-09-19
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2024 - 30 Sept 202420 Feb 20254426%54%20%34%
01 Oct 2023 - 31 Mar 202420 Feb 20254134%53%13%30%
01 Apr 2023 - 30 Sept 202320 Feb 20253932%63%5%26%
01 Oct 2022 - 31 Mar 202319 Sept 20233834%61%5%16%
01 Apr 2022 - 30 Sept 202210 Mar 20234227%63%10%25%
01 Oct 2021 - 31 Mar 202210 Mar 20234030%62%8%12%
01 Apr 2021 - 30 Sept 202126 Jan 20224126%68%8%6%
01 Oct 2020 - 31 Mar 202130 Apr 20213929%63%8%16%
01 Apr 2020 - 30 Sept 202031 Oct 20203638%56%6%7%
01 Oct 2019 - 31 Mar 202002 May 20203446%49%5%12%
01 Apr 2019 - 30 Sept 201923 Oct 20193536%60%4%4%
01 Oct 2018 - 31 Mar 201922 Apr 20193542%54%4%4%
01 Apr 2018 - 30 Sept 201830 Oct 20183640%55%5%4%

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

Suppliers terms range from 7 days to the end of the second month following invoice. Nett monthly is most common.

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

If there is a dispute, the person who would authorise the invoice for payment, depending in the department the invoice is authorised by, would contact the relevant persons to raise the query or dispute and bring the matter to a satisfactory resolution.

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

Donaldson Timber Engineering Limited is a British company that specializes in the design, manufacture, and supply of engineered timber products. The company has a strong focus on sustainability and offers a range of products and services to support this commitment.

One of the main activities of Donaldson Timber Engineering Limited is the production of sustainable timber products. The company uses certified sustainable timber from well-managed forests, ensuring that their products are environmentally friendly. They also have a recycling program in place to reduce waste and promote circular economy practices.

The company's sustainability program also includes initiatives to reduce their carbon footprint, such as using renewable energy sources and investing in energy-efficient equipment. They also work with suppliers who share their values and promote sustainable practices throughout their supply chain.

Donaldson Timber Engineering Limited offers a variety of products, including timber frames, roof trusses, and engineered joists. These products are used in a range of construction projects, from residential homes to commercial buildings. They also provide design and engineering services to support their clients' projects.

The key people at Donaldson Timber Engineering Limited include the managing director, Andrew Donaldson, and the operations director, David Donaldson. The company has a dedicated team of engineers, designers, and sales representatives who work together to deliver high-quality and sustainable products.

For more information on their products and services, interested parties can visit the company's website at www.donaldsontimberengineering.co.uk. The registered office address for Donaldson Timber Engineering Limited is 6 Redwood Crescent, East Kilbride, Glasgow, G74 5PA.

Financial Metrics

Cash
£5,339,000
Net Worth
£15,105,000
Total Current Assets
£30,869,000
Total Current Liabilities
£19,539,000

Company Location