PEAK SCIENTIFIC INSTRUMENTS LIMITED
Company Information
- Company Number
- SC175368
- Registered Address
- 11 Fountain Crescent, Inchinnan Business Park, Inchinnan, Renfrew, PA4 9RE
- Status
- Active
- Employee Count
- 319
- Turnover
- £76,779,000
- EBITDA
- £23,588,000
Additional Details
- Website
- https://peakscientific.com
- Company Type
- Private limited Company
- Incorporated On
- 13 May 1997
- Nature of Business
- 27110 - Manufacture of electric motors, generators and transformers
- Industries
- Coming Soon
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for PEAK SCIENTIFIC INSTRUMENTS LIMITED shows a consistent trend of decreasing average time to pay invoices over the past three periods, with the most recent period showing the lowest average time to pay. Additionally, the percentage of invoices paid within 30 days has consistently increased over the past three periods, indicating a trend towards early payment. However, there has been some volatility in the data, with the percentage of invoices paid between 31 and 60 days fluctuating between periods.
Volatility Analysis
The data for PEAK SCIENTIFIC INSTRUMENTS LIMITED shows some volatility in the percentage of invoices paid between 31 and 60 days, which has fluctuated between 13% and 34% over the past three periods. This indicates that the company has not been consistent in paying invoices within this time frame. However, the volatility in other data points, such as average time to pay and percentage of invoices paid within 30 days, has been minimal.
Summary Analysis
Looking at the data for the past three periods, PEAK SCIENTIFIC INSTRUMENTS LIMITED has shown a trend towards early payment, with the average time to pay decreasing and the percentage of invoices paid within 30 days increasing. The most recent period (2021-04-01 to 2021-09-30) showed the lowest average time to pay and the highest percentage of invoices paid within 30 days. However, there has been some volatility in the percentage of invoices paid between 31 and 60 days, which has fluctuated between 13% and 34% over the past three periods. The company also had a period (2020-04-01 to 2020-09-30) where the percentage of invoices paid later than 60 days was highest at 4%. Overall, there has been a positive trend towards early payment for PEAK SCIENTIFIC INSTRUMENTS LIMITED over the past three periods.
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 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 34 | 62% | 34% | 4% | 17% |
| 01 Apr 2021 - 30 Sept 2021 | 27 Oct 2021 | 30 | 98% | 1% | 1% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 32 | 91% | 9% | 0% | 4% |
| 01 Apr 2020 - 30 Sept 2020 | 14 Oct 2020 | 36 | 68% | 28% | 4% | 31% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 36 | 86% | 13% | 1% | 1% |
| 01 Apr 2019 - 30 Sept 2019 | 23 Oct 2019 | 34 | 66% | 29% | 5% | 1% |
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
Standard payment terms are usually 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
90
Dispute Resolution Process
If there is a dispute the supplier will resolve with the procurement team based on the contract agreed.
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
Peak Scientific Instruments Limited is a leading global provider of gas generators for analytical laboratories. The company was founded in 1997 and is headquartered in Inchinnan, Scotland.
The company offers a wide range of products and services including nitrogen, hydrogen, and zero air gas generators. These generators are used in various analytical instruments such as mass spectrometers, liquid chromatographs, and gas chromatographs, providing a reliable and cost-effective alternative to traditional gas cylinders.
Peak Scientific Instruments Limited is committed to sustainability and has a dedicated program in place to reduce its environmental impact. This includes using renewable energy sources, recycling and reducing waste, and implementing energy-efficient practices in their operations.
The company has a team of experienced and knowledgeable professionals who are dedicated to providing high-quality products and services to their customers. The CEO and founder, Robin MacGeachy, has over 20 years of experience in the industry and has led the company to become a global leader in gas generator technology.
Customers can contact Peak Scientific Instruments Limited through their website, which also contains information about their products and services. The registered office address for the company is 8 Fountain Crescent, Inchinnan Business Park, Inchinnan, Renfrewshire, PA4 9RE, United Kingdom.
In summary, Peak Scientific Instruments Limited is a reputable company that offers sustainable gas generator solutions for analytical laboratories. With a strong focus on sustainability and a team of experienced professionals, the company continues to innovate and provide high-quality products and services to its global customer base.
