The data for S.A.BRAIN & COMPANY,LIMITED shows a consistent trend of paying invoices within a shorter period of time over the past three periods. The average time to pay has decreased from 30 days in 2017-2018 to 28 days in 2018-2019 and 2019-2020. This indicates that the company has been making efforts to pay their invoices in a timely manner.
The volatility of the data can be seen in the percentage of invoices paid later than 60 days. This percentage has fluctuated from 2% in 2017-2018 to 9% in 2020-2021. However, overall, the volatility in the data is relatively low as the other percentages have remained consistent over the periods.
Overall, there has been a positive trend in the time taken for S.A.BRAIN & COMPANY,LIMITED to pay their invoices. The company has consistently paid a high percentage of invoices within 30 days, with a slight increase from 53% in 2017-2018 to 62% in 2020-2021. The percentage of invoices paid between 31 and 60 days has also remained relatively consistent at around 36-38%. However, there has been an increase in the percentage of invoices paid later than 60 days, from 2% in 2017-2018 to 9% in 2020-2021, which should be monitored and addressed by the company.
| 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 Apr 2020 - 30 Sept 2020 | 25 Oct 2020 | 34 | 59% | 32% | 9% | 55% |
| 01 Jan 2020 - 31 Mar 2020 | 13 Aug 2020 | 30 | 62% | 32% | 6% | 54% |
| 01 Apr 2019 - 30 Sept 2019 | 14 Oct 2019 | 28 | 62% | 36% | 2% | 51% |
| 30 Sept 2018 - 30 Mar 2019 | 27 Jun 2019 | 28 | 60% | 38% | 2% | 63% |
| 01 Oct 2017 - 30 Mar 2018 | 30 Apr 2018 | 30 | 53% | 46% | 2% | 64% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We pay end of Current Month + 28 days, utilities and entertainers on next available payment run.
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
Accounts Payable enters the invoice onto the system and sends it to the originator of the order or employee responsible if it is a Non Pop invoice to check. The person then contacts the supplier if there is any dispute, and either authorises the price change or requests a credit note. The invoice should only be authorised when account payable presents the credit for authorisation. Both documents are then paid on the next payment run if due.
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
S.A. Brain & Company Limited, registered at the Dragon Brewery in Cardiff, trades under the name Brains Brewery. It has operated since 1897 and brews beer at its Cardiff site, offering a line of beers including Black, SA, SA Gold, Dark and Reverend James. The company also sells, stocks and delivers its beers to pubs, retailers, wholesalers and events across the UK. Companies House records list its business activities as beer manufacturing, wholesale of alcoholic beverages, hotel accommodation and running public houses and bars, indicating the wider group's presence in brewing and hospitality. The company describes itself as being "Born & brewed in wales since 1882", continuing a long-standing Welsh brewing tradition from its Dragon Brewery premises.
Generated from the company's website and Companies House records. Sources: sabrain.com