The average time to pay for DEVRO (SCOTLAND) LIMITED has decreased over the past three periods, indicating that the company is paying their invoices more quickly. The percentage of invoices paid within 30 days has also increased, while the percentages of invoices paid between 31-60 days and later than 60 days have both decreased. This suggests that the company has improved their payment processes and is making more timely payments to their suppliers.
The data shows some fluctuations in the percentage of invoices paid within 30 days and between 31-60 days, but overall there is a downward trend in both categories. The percentage of invoices paid later than 60 days has also decreased steadily, indicating that the company is becoming more consistent in their payment practices.
| 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 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 32 | 60% | 36% | 4% | 10% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 35 | 55% | 39% | 6% | 12% |
| 01 Jul 2024 - 31 Dec 2024 | 03 Feb 2025 | 31 | 61% | 35% | 4% | 10% |
| 01 Jan 2024 - 30 Jun 2024 | 12 Aug 2024 | 35 | 59% | 35% | 6% | 12% |
| 01 Jun 2023 - 31 Dec 2023 | 12 Jan 2024 | |||||
| 01 Jul 2023 - 31 Dec 2023 | 21 Feb 2024 | 32 | 58% | 38% | 4% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 12 Jul 2023 | 40 | 54% | 38% | 7% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 11 Jan 2023 | 33 | 57% | 36% | 7% | 16% |
| 01 Jan 2022 - 30 Jun 2022 | 12 Jul 2022 | 35 | 58% | 33% | 9% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Feb 2022 | 40 | 54% | 38% | 8% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | 46 | 48% | 40% | 12% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 43 | 38% | 42% | 20% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
It is the company's policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of correctly rendered invoices. The Company aims to agree to settle trade payables on 90 day terms.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
90
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event of a dispute this is managed by the business with their contact at the supplier. Accounts Payable have visibility of all aged open items and will request updates for any aged open item under dispute. Where required items will be escalated to the Financial Controller - Global Business Services.
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
DEVRO (SCOTLAND) LIMITED is a leading manufacturer of collagen products for the food industry. Based in Moodiesburn, Scotland, the company has been in operations since 1934.
The company's main focus is on producing high-quality collagen casings, which are used in the production of sausages, hams, and other meat products. These casings are made from natural collagen fibers, providing a safe and sustainable alternative to traditional casings.
DEVRO (SCOTLAND) LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have invested in energy-efficient equipment and processes, reduced water usage, and implemented recycling programs. The company has also set targets to reduce their carbon footprint and has been recognized for their efforts in sustainability by various organizations.
The key people at DEVRO (SCOTLAND) LIMITED include CEO Rutger Helbing and Managing Director Craig Bardsley, who have a combined experience of over 40 years in the food industry. The company employs over 2,000 people globally and has a turnover of over £250 million.
For any inquiries or information on their products and services, customers can contact DEVRO (SCOTLAND) LIMITED through their website, which also has a detailed description of their products and sustainability efforts. The company's registered office address is at Moodiesburn, Glasgow, G69 0JE, Scotland.
In summary, DEVRO (SCOTLAND) LIMITED is a leading manufacturer of sustainable collagen products, with a strong commitment to environmental stewardship and a highly experienced leadership team.