| 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 |
|---|---|---|---|---|---|---|
| 02 Sept 2025 - 28 Feb 2026 | 30 Mar 2026 | 42 | 43% | 47% | 10% | 14% |
| 02 Mar 2025 - 01 Sept 2025 | 30 Sept 2025 | 38 | 48% | 45% | 7% | 15% |
| 03 Sept 2024 - 01 Mar 2025 | 26 Mar 2025 | 33 | 56% | 39% | 5% | 12% |
| 03 Mar 2024 - 02 Sept 2024 | 26 Sept 2024 | 33 | 56% | 38% | 6% | 15% |
| 27 Aug 2023 - 02 Mar 2024 | 22 Mar 2024 | 34 | 55% | 39% | 6% | 15% |
| 28 Aug 2022 - 25 Feb 2023 | 28 Mar 2023 | 35 | 57% | 35% | 8% | 22% |
| 27 Feb 2022 - 27 Aug 2022 | 28 Sept 2022 | 31 | 62% | 33% | 4% | 20% |
| 29 Aug 2021 - 26 Feb 2022 | 06 Apr 2022 | 34 | 56% | 35% | 9% | 13% |
| 28 Feb 2021 - 28 Aug 2021 | 01 Oct 2021 | 79 | 61% | 32% | 8% | 24% |
| 30 Aug 2020 - 27 Feb 2021 | 31 Mar 2021 | 56 | 52% | 40% | 9% | 19% |
| 01 Mar 2020 - 29 Aug 2020 | 02 Nov 2020 | 71 | 49% | 39% | 12% | 32% |
| 01 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 35 | 54% | 37% | 8% | 17% |
| 03 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 34 | 56% | 37% | 6% | 17% |
| 02 Sept 2018 - 02 Mar 2019 | 29 Mar 2019 | 36 | 53% | 40% | 7% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms vary significantly across the business depending on the type and nationality of the supplier. Our payment terms range between 7 and 90 days. We try to use local suppliers where possible. 51% of our invoices were paid using end of month plus 30 days terms, with our next highest group being 32% of our total being paid at 30 days terms.
Were there any changes to the standard payment terms in the reporting period?
We are permitted extended terms with several stock suppliers during the Christmas season which can extend our standard terms. This has increased our average time to pay from 38 days, during normal trading periods, to 42 days during this period. Increasing the percentage of invoices paid in the 31 to 60 days payment terms category from 29% to 47% reducing our within 30 days terms from 63% to 43%.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Relationships with suppliers are held by individual senior managers throughout the business. Should a supplier complaint arise, this will be considered in the first instance by the senior manager of the relevant department. In the unlikely event that this does not satisfactorily resolve the issue, the matter would escalate to the Managing Director.
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
Beaverbrooks The Jewellers Ltd is a British family-owned jewellery retailer with over 70 stores across the UK. The company was founded in 1919 and is currently run by the third and fourth generations of the Beaverbrooks family.
The company offers a wide range of high-quality jewellery and watches from renowned brands such as Rolex, Omega, and Cartier. They also have their own collections of diamond and gemstone jewellery, as well as bespoke pieces.
In terms of sustainability, Beaverbrooks is committed to ethical sourcing and responsible business practices. They are a member of the Responsible Jewellery Council, ensuring that their diamonds and gold are sourced from ethical and environmentally responsible mines. They also have a recycling program where customers can trade in old jewellery for store credit.
Key people at Beaverbrooks include the CEO, Anna Blackburn, who has been with the company for over 20 years and is responsible for driving its growth and sustainability initiatives. They also have a team of expert jewellers and gemologists who ensure the quality and authenticity of their products.
The company's website is user-friendly and offers a convenient online shopping experience, with options for click and collect and free delivery. They also have a customer service team available for any inquiries or assistance.
The registered office address for Beaverbrooks The Jewellers Ltd is 8-10 Kendal Avenue, London, W3 0RU. Their website is www.beaverbrooks.co.uk where customers can browse their collections and find store locations. Overall, Beaverbrooks is a trusted and reputable jeweller known for its commitment to sustainability and providing high-quality products and services.
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