PAIDLATE by YORXEN
← New check

Their own payment-practices filing · gov.uk

How long does Simec International (UK) Limited take to pay its suppliers?

CRN 07643854 · Wholesale & retail trade · 7 statutory reports on record · period to 31 May 2021

60days
their reported average time to pay suppliers, latest period
Well behindvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

Share
Dated record. The latest report covers a period ending 31 May 2021 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
23 May 2011
Registered office
C/O LIBERTY STEEL NEWPORT LTD, NEWPORT, NP19 4XE
1 outstanding charge — secured borrowing registered Accounts due 31 Aug 2021 — overdue

Open the full record at Companies House.

Terms vs reality

Stated terms: 1–180 days. Reported average: 60.

Stated terms1–180d
+59 days
Reported avg60d

At a glance

The key figures

1–180d
their stated terms
0%
invoices paid outside terms
+33d
slower over the window
±20d
variable pattern

Vs peers · latest reported averages

fasterslower
Slower than 89% of the 819 large companies reporting in wholesale & retail trade.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

terms 1d
27
27
28
29
21
60
H2 2018H1 2019H2 2019H1 2020H2 2020H1 2021

Where their supplier invoices land · latest period

within 30 days 33% 31–60 days 34% 61+ days 33%

The read · computed from their figures

Simec International (UK) Limited has filed 7 statutory payment periods (earliest H1 2018). Their latest report puts the average at 60 days against stated terms of 1–180 days.

The direction is slower: from 27 to 60 days over the window — about 33 days slower.

In the latest period 0% of invoices were paid outside their agreed terms, and 33% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Standard payment terms for small supplier (related to expenses) are 1 to 30 days Standard payment terms for trade supplier (related to trade purchases) are 1 to 180 days

Dispute resolution

Disputes are resolved on the basis of contractual terms and conditions

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2021600%33%27 Jun 2021
H2 2020210%0%10 Dec 2020
H1 2020290%0%16 Jun 2020
H2 2019280%0%2 Feb 2020
H1 2019270%0%25 Jul 2019
H2 2018270%0%10 Feb 2019
H1 2018270%0%5 Jul 2018

Working-capital effect

What a 60-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 60-day vs a 1-day payment cycle.

≈ £23,500
of invoicing outstanding at any one time on a 60-day cycle — about £23,300 more than the same account would carry at 1-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?
Their reported average has moved about 33 days slower over the window (27 → 60 days).
What's their typical pay point?
Their latest reports average around day 60, moving within about ±20 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch Simec International (UK) Limited (free)

Their next payment report is due ≈ 27 Dec 2021. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

You’ll get a confirmation email first. Unsubscribe any time. How we handle your address.

More large companies in wholesale & retail trade

Silver Street Automotive Limited · Sinclair Garages (Newport) Ltd. · Sils Limited · Sinclair Garages Limited · Sigma Pharmaceuticals PLC · Sinclair Motor Holdings Limited

How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-07643854 · latest period to 31 May 2021

Verify the original Companies House file

Built by YORXEN LTD · registered in England & Wales · CRN 17303256 · privacy · terms.