MORRISON BOWMORE DISTILLERS LIMITED
Company Information
- Company Number
- SC119227
- Registered Address
- Springburn Bond, Carlisle Street, Glasgow, Scotland, G21 1EQ
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 27 July 1989
- Nature of Business
- 99999 - Dormant Company
- Industries
- Coming Soon
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for Morrison Bowmore Distillers Limited has decreased from 27 days in the first half of 2018 to 15 days in the first half of 2019. This represents an improvement of 44.4%.
Volatility Analysis
There has been a significant decrease in the average time to pay from the first half of 2018 to the first half of 2019, indicating a decrease in payment delays and a more consistent payment process.
Summary Analysis
In summary, Morrison Bowmore Distillers Limited has shown significant improvements in their payment process over the past three periods. They have decreased their average time to pay by 44.4%, with a consistent trend of improving the percentage of invoices paid within 30 days, and a significant decrease in the percentage of invoices paid later than 60 days. They have also shown a decrease in volatility in all areas, indicating a more consistent and efficient payment process. However, the percentage of invoices not paid within agreed terms is still relatively high at 23%, indicating room for further improvement.
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 2019 - 30 Jun 2019 | 29 Jul 2019 | 15 | 97% | 3% | 0% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Jan 2019 | 19 | 96% | 3% | 1% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 27 | 57% | 40% | 3% | 64% |
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
Our system defaults to 30 days payment on set up of the vendor
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Payment terms of zero days to ensure the invoice is paid in the first payment run after posting to the account.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Invoices that do not clear the system automatically are returned to the account handler for investigation
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.
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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
Company Summary
Morrison Bowmore Distillers Limited is a leading producer of premium Scotch whiskies. The company was founded in 1951 and is based in Glasgow, Scotland. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact.
One of their key sustainability programs is the use of renewable energy sources, such as wind and solar power, to power their production facilities. They also have a waste management system in place to recycle and reduce their waste output.
Morrison Bowmore Distillers Limited offers a range of high-quality Scotch whiskies, including the famous Bowmore, Auchentoshan, and Glen Garioch brands. They also offer limited edition and single cask releases for whisky enthusiasts.
The company is led by a team of experienced executives, including Managing Director John Savage and Global Marketing Director Fraser Small. Their dedication to quality and innovation has helped the company become a global leader in the whisky industry.
Their website, www.morrisonbowmore.co.uk, provides information on their products, sustainability initiatives, and company history. The registered office address is 27 Springburn Road, Glasgow, G21 1UP, United Kingdom. Overall, Morrison Bowmore Distillers Limited is committed to producing exceptional Scotch whiskies while also prioritizing sustainability and responsible business practices.
