The average payment time for BLUE GROUP UK RETAIL LIMITED is 43 days, indicating that a notable portion of invoices extends beyond standard 30-day terms. While 78% of payments are completed within 30 days, the remaining 22% are late, revealing a consistent trend of some delayed settlements.
Payment reliability is moderate, with 78% of invoices processed within 30 days, offering a degree of predictability for the majority. However, the 21% falling into the 31-60 day bracket and 1% exceeding 60 days introduce a notable element of unpredictability and risk regarding exact invoice settlement dates.
Suppliers can generally expect payments from BLUE GROUP UK RETAIL LIMITED within a reasonable timeframe, with a high chance of receiving funds within 30 days. However, it is crucial to account for the 22% likelihood of payments extending beyond 30 days, with a small risk of substantial delays past 60 days. Suppliers should consider building a cash flow buffer or negotiating early payment discounts to mitigate the impact of the average 43-day payment cycle.
| 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 |
|---|---|---|---|---|---|---|
| 31 Mar 2019 - 28 Sept 2019 | 20 Jan 2020 | 50 | 53% | 24% | 23% | 54% |
| 30 Sept 2018 - 30 Mar 2019 | 02 May 2019 | 45 | 23% | 16% | 61% | 59% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 50 | 18% | 32% | 50% | 24% |
| 31 Mar 2018 - 29 Sept 2018 | 31 Oct 2018 | 43 | 78% | 21% | 1% | 22% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 43 | 14% | 81% | 5% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
End of Month or End of month following
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Queries sent to PL department who forward onto relevant authorising manager. Authorising manager will contact supplier directly to resolve. Authorising manager then contacts PL department with resolution
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
BLUE GROUP UK RETAIL LIMITED operated as a private limited company, focusing its activities within the retail sector in the UK. The company's name signifies its involvement in the direct sale of goods or services to consumers.
Incorporated on 17 March 1894 with company number 00040754, BLUE GROUP UK RETAIL LIMITED was registered in Yorkshire. Its registered office was located at Pricewaterhousecoopers Llp, Level 8, Central Square, 29 Wellington Street, Leeds, LS1 4DL, and the company is now dissolved.
Private limited companies operating in the retail sector in the UK typically specialise in selling a range of consumer products or services. This involves managing physical or online stores, overseeing inventory, and processing customer transactions for direct purchase.