Their own payment-practices filing · gov.uk
Sheffield Forgemasters International Limited paid suppliers in 48 days on average — inside its 60-day stated terms
Their H2 2022 filing put the average 12 days inside their stated 60-day term.
- Their stated terms
- 60 days
- Paid outside agreed terms
- 39% of invoices
- Paid after 61+ days
- 34%
- Reporting period
- 1 Jul 2022 – 31 Dec 2022
- Source
- their gov.uk filing, filed 30 Jan 2023
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2022 filing
Paid 12 days inside the 60-day term they state
Where their invoices landed · share of all invoices
The pattern · last 6 of 10 reports
Held steady around 48 days
The read · computed from their figures
Sheffield Forgemasters International Limited's H2 2022 filing put their average at 48 days against stated terms of 60 days; 39% of invoices were paid outside agreed terms and 34% took 61 days or longer. Filed 30 Jan 2023.
The pattern is steady — their reported average moves within about ±3 days period to period.
That is 10 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Our standard terms are 60 days after the end of the month in which the invoice is submitted, although we have various contracts with suppliers where different payment terms have been agreed.
Dispute resolution
The business has very few disputes relating to payment and will only refuse to pay an invoice where issues have arisen with the supplier’s performance and there is legitimate legal and contractual basis to withhold payment. Any dispute raised by a supplier would be dealt with by our supply chain management and finance functions in the first instance, who would seek to resolve any discrepancy with the invoice. Where necessary, such as where there is a substantive dispute over the validity of the invoice, such dispute would be referred to our Procurement and/or Legal teams for resolution.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2022 | 48 | 39% | 34% | 30 Jan 2023 |
| H1 2022 | 48 | 19% | 34% | 2 Aug 2022 |
| H2 2021 | 53 | 22% | 42% | 31 Jan 2022 |
| H1 2021 | 54 | 12% | 41% | 28 Jul 2021 |
| H2 2020 | 56 | 11% | 46% | 1 Feb 2021 |
| H1 2020 | 47 | 19% | 29% | 3 Aug 2020 |
| H2 2019 | 56 | 14% | 47% | 28 Jan 2020 |
| H1 2019 | 52 | 11% | 41% | 31 Jul 2019 |
| H2 2018 | 62 | 54% | 54% | 4 Feb 2019 |
| H1 2018 | 53 | 67% | 42% | 31 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 1 Sept 2003
- Registered office
- SHEFFIELD FORGEMASTERS, SHEFFIELD, S9 2RX
Quick answers · Sheffield Forgemasters International Limited
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Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-04883675 · latest period to 31 Dec 2022
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