J E BEALE PUBLIC LIMITED COMPANY
Company Information
- Company Number
- 00120002
- Registered Address
- 10 Fleet Place, London, EC4M 7QS
- Status
- Dissolved
- Employee Count
- 1,148
- Turnover
- £48,344,000
- EBITDA
- -£1,641,000
Additional Details
- Website
- https://beales.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 1 February 1912
- Nature of Business
- 47190 - Other retail sale in non-specialised stores
- Industries
- Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
J E BEALE PUBLIC LIMITED COMPANY exhibits a trend of extended payment cycles, with an average payment time of 47 days. Although 63% of payments are made within 30 days, a notable 24% extend beyond 60 days, indicating a segment of significantly delayed invoices. This suggests an inconsistent payment trajectory, where a substantial portion of invoices will experience delays.
Volatility Analysis
The payment data reveals considerable volatility, with a significant 37% of payments being late and 24% extending beyond 60 days. This wide range makes J E BEALE's payment behavior unpredictable, posing a high reliability risk for suppliers relying on consistent cash flow. Such inconsistency necessitates cautious financial planning from any potential supplier.
Summary Analysis
Given the average 47-day payment time and 37% late payments, suppliers should approach J E BEALE PUBLIC LIMITED COMPANY with caution. The high proportion of payments extending over 60 days (24%) is a critical decision factor, indicating potential cash flow strains for suppliers. To mitigate this risk, consider implementing stricter payment terms, requesting partial upfront payments, or exploring credit insurance for larger orders.
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 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 47 | 63% | 13% | 24% | 37% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 46 | 66% | 12% | 22% | 36% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 45 | 63% | 13% | 24% | 38% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
J E Beale plc has a range of different payment terms with existing suppliers. Goods for resale: up to 105 days from date of invoice or from receipt of invoice. Services and supplies: up to 90 days from date of invoice or receipt of invoice. Terms vary between suppliers and for types of service.
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
105
Dispute Resolution Process
J E Beale plc try to resolve disputes directly with the supplier without the need for legal involvement. Initial queries are dealt with by the accounts and buying team, which can be escalated to the head of finance or trading director as necessary.
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
Company Summary
J E BEALE PUBLIC LIMITED COMPANY was a public limited company, a corporate structure designed for public ownership and financing. This entity is now dissolved.
The company, registered under company number 00120002, was incorporated on 1 February 1912. Its registered office was located at 10 Fleet Place, London, EC4M 7QS, situating its operations within London.
Public limited companies in the UK typically engage in a diverse range of commercial activities, offering various services and products across numerous sectors. Their structure allows for raising capital by issuing shares to the public, thereby facilitating expansion, investment, and large-scale operations.
