EDRINGTON UK DISTRIBUTION LIMITED demonstrates a split payment trend, with 65% of payments made within 30 days but an extended average payment time of 52 days. This indicates that while many invoices are settled promptly, a substantial portion (35% late, 16% over 60 days) consistently experiences delays, lengthening the overall payment cycle. The trajectory suggests a regular pattern of slower payments for a minority of transactions rather than isolated incidents.
Payment reliability for EDRINGTON UK DISTRIBUTION LIMITED is moderately unpredictable, with 35% of invoices paid late and 16% exceeding 60 days. This significant proportion of delayed payments introduces notable volatility, making it difficult for suppliers to consistently forecast cash flow. The inherent risk factor lies in the consistent nature of these delays, suggesting that a portion of invoices will not adhere to standard payment terms.
Overall, EDRINGTON UK DISTRIBUTION LIMITED presents a moderate payment risk due to its average 52-day payment cycle and consistent 35% late payment rate. Suppliers should factor in potential cash flow strain from the 16% of payments exceeding 60 days when making credit decisions. It is recommended to implement proactive risk mitigation strategies such as stricter payment terms or closer monitoring of outstanding invoices.
| 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 Apr 2024 - 30 Sept 2024 | 28 Nov 2024 | 44 | 66% | 17% | 18% | 33% |
| 01 Oct 2023 - 31 Mar 2024 | 07 Jul 2024 | 52 | 65% | 19% | 16% | 35% |
| 01 Apr 2023 - 30 Sept 2023 | 02 Nov 2023 | 53 | 65% | 19% | 16% | 35% |
| 01 Oct 2022 - 31 Mar 2023 | 03 May 2023 | 61 | 55% | 20% | 25% | 47% |
| 01 Oct 2021 - 31 Mar 2022 | 01 May 2022 | 52 | 56% | 22% | 21% | 45% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 39 | 66% | 22% | 12% | 24% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 49 | 59% | 25% | 16% | 37% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 50 | 55% | 28% | 17% | 44% |
| 01 Oct 2019 - 31 Mar 2020 | 20 Apr 2020 | 51 | 41% | 35% | 24% | 59% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 51 | 54% | 26% | 20% | 46% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 63 | 37% | 30% | 33% | 63% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 50 | 52% | 28% | 20% | 49% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice
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
60
Raised by supplier to business contact and escalated to Financial Controller as required
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
EDRINGTON UK DISTRIBUTION LIMITED is an active private limited company specialising in distribution services within the United Kingdom.
Incorporated on 4 February 2000, the company operates under company number SC203623. Its registered office is situated at 100 Queen Street, Glasgow, Scotland, G1 3DN.
Distribution companies are integral to the supply chain, typically managing the storage, movement, and delivery of goods from manufacturers to retailers or end-users. This involves a range of logistical activities, including warehousing, transportation, and inventory management across the UK market.