BEACONSFIELD FOOTWEAR LIMITED

PaymentCheck Score 2020
33Poor
New Entry
#4547 in UK
#32 in Fashion
#1505 in London

Company Information

Company Number
00641365
Registered Address
C.O Interpath Ltd, 10 Fleet Place, London, EC4M 7RB
Status
In Administration
Employee Count
488
Turnover
£51,809,000
EBITDA
£1,138,000

Additional Details

Company Type
Private limited Company
Incorporated On
6 November 1959
Nature of Business
15200 - Manufacture of footwear
Industries
Fashion
Region
London

Time to Pay

Average Time to Pay
59 days
Shortest Period:0 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
27%
31-60 Days
30%
After 60 Days
43%
Not Paid Within Terms92%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-09-02
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
03 Feb 2020 - 02 Aug 202002 Sept 20205927%30%43%92%
28 Jul 2019 - 02 Feb 202003 Mar 20203743%46%11%86%
29 Jul 2018 - 27 Jan 201926 Feb 20193448%45%7%83%

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

Our large raw materials & footwear suppliers have payment terms ranging from 0 days, where up front deposits are required, to 90 days. The majority of our other suppliers are on 30 days terms, but with some temporarily extended to 90 days following the impact of the Covid 19 pandemic.

Were there any changes to the standard payment terms in the reporting period?

The terms with one of our main footwear suppliers were amended, following negotiations, to 30% up front with the balance paid on 90 days terms. Other payment terms have been amended during the period following the impact of the Covid 19 pandemic.

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

90

Dispute Resolution Process

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.

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.

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.

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.

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

Company Summary

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.

Financial Metrics

Cash
£3,601,000
Net Worth
-£7,930,000
Total Current Assets
£34,030,000
Total Current Liabilities
£33,544,000

Company Location