BHSF LIMITED
Company Information
- Company Number
- 00035500
- Registered Address
- 13th Floor, 54 Hagley Road, Birmingham, England, B16 8PE
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 35490000.0
- EBITDA
- -13084000.0
Additional Details
- Website
- https://bhsf.co.uk
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 29 December 1891
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- West Midlands
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 33 | 58% | 38% | 4% | 45% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 34 | 61% | 33% | 6% | 43% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 30 | 84% | 10% | 6% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 14 Jul 2022 | 34 | 69% | 23% | 8% | 40% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 34 | 69% | 23% | 8% | 40% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 40 | 66% | 21% | 13% | 43% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 35 | 59% | 31% | 10% | 48% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 37 | 55% | 32% | 13% | 52% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 30 | 72% | 22% | 6% | 37% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 17 | 86% | 14% | 0% | 14% |
Company Summary
BHSF LIMITED is a UK-based company that provides a wide range of health and well-being products and services
The company was founded in 1873 and has been committed to promoting and supporting the health and well-being of its customers ever since
Their sustainability program focuses on reducing their environmental impact and promoting sustainable practices
BHSF has implemented energy-efficient measures, reduced their carbon footprint, and actively promotes recycling and waste reduction
They also support local communities through charitable donations and volunteer work
BHSF offers a range of health and well-being products and services, including health insurance, employee assistance programs, occupational health services, and health assessments
They also provide financial services such as personal accident insurance and income protection
The key people at BHSF LIMITED include Chief Executive Officer, Peter Maskell, and Chairman, Mike Jackson
They are committed to maintaining the company's values of integrity, innovation, and customer focus
For more information on BHSF LIMITED and its products and services, you can visit their website at www.bhsf.co.uk
The registered office address is 59 Temple Row, Birmingham, B2 5LS, UK
Company Review
Trend Analysis
The data for BHSF LIMITED shows a consistent trend of increasing average time to pay invoices over the past three periods. From 2019 to 2023, the average time to pay has increased from 17 days to 33 days. However, there was a slight decrease in 2022, when the average time to pay was 30 days.
Volatility Analysis
The data for BHSF LIMITED also shows some volatility in the percentage of invoices paid within 30 days and between 31 and 60 days. In 2020, there was a significant decrease in the percentage of invoices paid within 30 days, from 72% to 55%. This was followed by an increase in 2021, when the percentage rose to 66%. The percentage of invoices paid between 31 and 60 days also saw some volatility, with a decrease from 32% in 2020 to 21% in 2021, followed by an increase to 23% in 2022.
Summary Analysis
In the past three periods, there has been a steady increase in average time to pay for BHSF LIMITED. In 2019, the average time to pay was 17 days, which increased to 33 days in 2023. The percentage of invoices paid within 30 days has also shown some volatility, with a decrease from 72% in 2019 to 55% in 2020, followed by an increase to 66% in 2021. The worst period for BHSF LIMITED was in 2020, when only 55% of invoices were paid within 30 days and 13% were paid later than 60 days. This shows a decrease in prompt payment during that period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
There are no standard payment terms as each contractual payment period is derived through agreement between BHSF and the supplier. Generally BHSF complies with the preferred terms of its supplier. There is no distinction in terms between different qualifying contracts. Terms depend on the supplier not the product or service that is being supplied. Whilst there are no standard terms the most common contractual period is 30 days.
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
30
Dispute Resolution Process
There have been no disputes relating to payments during this reporting period and disputes are rare. If there are any queries then these are initially addressed informally by members of the finance department and the supplier. Should that not resolve the query then the matter will be escalated to the Chief Finance Officer or other relevant director.
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?
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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