THE NORTH BRITISH DISTILLERY COMPANY LIMITED
Company number: SC001491
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
25 August 2025
Approved by:
Fraser MacDonald
Payment statistics
Average time taken to pay invoices: 35 days
Total value paid:
- within 30 days: £23,000,000 (73%)
- in 31 to 60 days: £8,000,000 (26%)
- in 61 days or more: £300,000 (< 1%)
Invoices paid:
- within 30 days: 44%
- in 31 to 60 days: 53%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £117,000
- payments due in the reporting period which have not been paid within the agreed period: 56%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
25 days
Longest standard payment period
45 days
Standard payment terms
We are running one payment run per month through Purchase Ledger which occurs every month end, plus Faster payment or Bacs payment for instant remmitances.The "Shortest" terms can be paid quicker than 30 days depending on invoice date and our payment run transmission.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
45 days
The "Longest" terms can be 45 days depending on invoice date and when is received. Our aim is for invoices to be paid within 30 days from transaction(invoice) date not entry date.
Any other information about payment terms
No further comment provided
Dispute resolution process
If there is a problem relating to an invoice, we contact the supplier, let them know the details and suggest a solution to the problem (e.g goods not delivered,faulty workmanship etc).We dont complete the process until and agreed plan of action is in force so both parties know that is to happen to allow timeouts payment.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No