A.J. & R.G.BARBER (SALES) LIMITED consistently settles the vast majority of its invoices (86%) within the 31-60 day window, establishing an average payment time of 44 days. This trend indicates a predictable but extended payment cycle, with only 11% of payments occurring within the preferred 30-day period.
The company demonstrates moderate predictability for payment timing, as 86% of invoices fall within a defined 31-60 day range. However, a 23% late payment rate, coupled with 3% of payments extending beyond 60 days, introduces a notable element of unreliability and potential cash flow risk for suppliers.
Suppliers should factor in an average payment period of 44 days, anticipating that invoices will most likely be settled between 31 and 60 days. To mitigate the risk associated with 23% late payments and a small percentage exceeding 60 days, consider adjusting credit terms to 45-60 days or incorporating clear late payment clauses.
| 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 2022 - 31 Oct 2022 | 17 Nov 2022 | 44 | 11% | 86% | 3% | 23% |
| 01 Oct 2020 - 31 Mar 2021 | 22 Apr 2021 | 43 | 9% | 90% | 1% | 6% |
| 01 Apr 2020 - 30 Sept 2020 | 22 Oct 2020 | 43 | 12% | 88% | 0% | 0% |
| 01 Oct 2019 - 31 Mar 2020 | 06 May 2020 | 23 | 7% | 93% | 0% | 22% |
| 01 Apr 2019 - 30 Sept 2019 | 07 Oct 2019 | 49 | 6% | 77% | 17% | 36% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 51 | 7% | 73% | 20% | 54% |
| 01 Apr 2018 - 30 Sept 2018 | 22 Oct 2018 | 46 | 4% | 92% | 4% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We adhere to the payment terms provided by the Vendor
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
If an invoice is in query then the invoice is put on hold until query is resolved
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
A.J. & R.G.BARBER (SALES) LIMITED is an active private limited company. The inclusion of "SALES" in its name indicates a primary business focus on commercial sales activities.
The company was incorporated on 18 February 1963 and operates under company number 00750464. Its registered office is located at Maryland Farm Smiths Lane, Ditcheat, Shepton Mallet, Somerset, BA4 6PR, establishing its base within the South West region.
In the UK market, a private limited company primarily focused on sales typically engages in the distribution, wholesale, or retail of various products or services. Such organisations function as a formal business structure for commercial transactions, handling the buying and selling of goods or providing services to customers.