THE BENRIACH DISTILLERY COMPANY LIMITED
Company Information
- Company Number
- SC258480
- Registered Address
- 50 Lothian Road, Festival Square, Edinburgh, Scotland, EH3 9WJ
- Status
- Active
- Employee Count
- 138
- Turnover
- £76,183,000
- EBITDA
- £30,576,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 October 2003
- Nature of Business
- 11010 - Distilling, rectifying and blending of spirits
- Industries
- Food And Drink
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for THE BENRIACH DISTILLERY COMPANY LIMITED has increased from 36 days in May 2017 to 38 days in October 2018. The percentage of invoices paid within 30 days has decreased from 46% to 44%, while the percentage of invoices paid between 31 and 60 days has increased from 45% to 49%. The percentage of invoices paid later than 60 days has also increased from 9% to 7%.
Volatility Analysis
The volatility for THE BENRIACH DISTILLERY COMPANY LIMITED is relatively low, with only a 1-day increase in the average time to pay over the three periods. The percentage of invoices paid within 30 days has fluctuated between 45% and 46%, while the percentage of invoices paid between 31 and 60 days has fluctuated between 45% and 49%. The percentage of invoices paid later than 60 days has also fluctuated between 7% and 9%.
Summary Analysis
Over the past three periods, there has been a slight increase in the average time to pay for THE BENRIACH DISTILLERY COMPANY LIMITED, with a 2-day increase from May 2017 to October 2018. The company has also seen a decrease in the percentage of invoices paid within 30 days, from 46% to 44%. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, from 45% to 49%. The percentage of invoices paid later than 60 days has also decreased from 9% to 7%.
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 May 2017 - 30 Oct 2017 | 22 Nov 2017 | 36 | 46% | 45% | 9% | 33% |
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
No Standard payment terms. Negotiated supplier by supplier.
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
60
Dispute Resolution Process
First contact is with accounts payable who will identify the vendor problem. They will then identify the person on the company who will be able to resolve the problem. Vendor is then contacted to discuss the offered 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.
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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?
❌
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
The BenRiach Distillery Company Limited is a Scottish single malt whisky distillery located in the Speyside region. Established in 1898, it has been producing award-winning whiskies for over a century. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company's sustainability program includes a commitment to sourcing locally grown barley, reducing water usage, and promoting biodiversity in the surrounding area. They also use renewable energy sources and have implemented recycling and waste management practices.
The company offers a range of products, including single malt whisky, blended whisky, and limited edition releases. Their whiskies are known for their rich and complex flavors, with some aged for up to 30 years.
The key people at The BenRiach Distillery Company Limited include Master Blender, Rachel Barrie, who is responsible for creating unique and high-quality whiskies, and Managing Director, Stuart Urquhart, who oversees the operations of the distillery.
The website for The BenRiach Distillery Company Limited is www.benriachdistillery.com. The registered office address is The BenRiach Distillery Company Limited, Stoneyfield, Elgin, Moray, IV30 8SJ, Scotland. The company also has a visitor center where people can tour the distillery and learn about the whisky-making process.
