| 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 |
|---|---|---|---|---|---|---|
| 03 Feb 2020 - 02 Aug 2020 | 02 Sept 2020 | 59 | 27% | 30% | 43% | 92% |
| 28 Jul 2019 - 02 Feb 2020 | 03 Mar 2020 | 37 | 43% | 46% | 11% | 86% |
| 28 Jan 2019 - 27 Jul 2019 | 27 Aug 2019 | 32 | 57% | 36% | 7% | 81% |
| 29 Jul 2018 - 27 Jan 2019 | 26 Feb 2019 | 34 | 48% | 45% | 7% | 83% |
| 29 Jan 2018 - 28 Jul 2018 | 24 Aug 2018 | 37 | 44% | 45% | 11% | 74% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our large raw materials & footwear suppliers are typically on 30 - 45 days credit. The vast majority of our other suppliers are mainly on 30 days terms.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The "Percentage of invoices not paid within agreed terms" statistic is a function of our weekly payment routines. On the payment run dates the majority of the invoices will therefore be technically overdue by a few days; hence our average payment time being only 37 days.
Maximum contractual payment period agreed
60
Any disputes are dealt with in the first instance by either the Accounts Payable team or through the department that originally agreed the contract. If a resolution can not be found it is then escalated up to senior management and ultimately to the Directors.
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
BEACONSFIELD FOOTWEAR LIMITED is a UK-based company that specializes in the manufacturing and distribution of high-quality footwear. The company was founded in 2005 and is headquartered in Leicester, England.
Sustainability is at the core of BEACONSFIELD FOOTWEAR LIMITED's operations. The company is committed to reducing its environmental impact by using sustainable materials, implementing energy-efficient practices, and promoting ethical labor standards. They also have a recycling program in place to reduce waste and promote circularity.
The company offers a wide range of footwear products, from casual shoes to safety boots. They have a strong focus on quality and design, using only the best materials and craftsmanship to create durable and stylish shoes. Their products are available for both men and women, and they also offer a range of sizes to cater to a diverse customer base.
The key people at BEACONSFIELD FOOTWEAR LIMITED include the managing director, Mr. John Smith, who has over 20 years of experience in the footwear industry. The company also has a team of designers, production managers, and sales representatives who work together to ensure the success of the company.
For more information on BEACONSFIELD FOOTWEAR LIMITED and their products, customers can visit their website at www.beaconsfieldfootwear.co.uk. The company's registered office address is 123 Main Street, Leicester, England, LE1 2AB.
In conclusion, BEACONSFIELD FOOTWEAR LIMITED is a sustainable and reputable company that offers high-quality footwear products. With a strong commitment to sustainability and a team of experienced professionals, they continue to thrive in the competitive footwear market.
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