There has been a consistent decrease in the average time it takes for BREYER GROUP PUBLIC LIMITED COMPANY to pay invoices to suppliers from 2017 to 2024. This can be seen from the decrease in the average time to pay from 71 days in 2017 to 67 days in 2024.
The volatility in the percentage of invoices paid within 30 days has been relatively low, ranging from 4% to 15%. However, there has been a significant change in the percentage of invoices paid between 31 and 60 days, with a decrease from 61% in 2020 to 38% in 2023. Additionally, there has been a decrease in the percentage of invoices paid later than 60 days, from 75% in 2023 to 39% in 2024.
In the past three periods (2022-2024), BREYER GROUP PUBLIC LIMITED COMPANY has shown improvement in their payment practices, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days. However, there is still room for improvement as the percentage of invoices paid later than 60 days remains high at 39% in 2024.
| 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 Dec 2023 - 31 May 2024 | 26 Sept 2024 | 70 | 6% | 23% | 71% | 90% |
| 01 Jun 2023 - 30 Nov 2023 | 06 Feb 2024 | 71 | 4% | 22% | 75% | 95% |
| 01 Dec 2022 - 31 May 2023 | 06 Feb 2024 | 58 | 9% | 53% | 38% | 61% |
| 01 Jun 2022 - 30 Nov 2022 | 22 Dec 2022 | 59 | 9% | 49% | 42% | 62% |
| 01 Dec 2021 - 31 May 2022 | 15 Jul 2022 | 61 | 6% | 52% | 42% | 62% |
| 01 Jun 2021 - 30 Nov 2021 | 10 Jan 2022 | 63 | 6% | 38% | 56% | 77% |
| 01 Dec 2020 - 31 May 2021 | 01 Jul 2021 | 57 | 8% | 57% | 35% | 57% |
| 01 Jun 2020 - 30 Nov 2020 | 24 Dec 2020 | 52 | 15% | 61% | 24% | 32% |
| 01 Dec 2019 - 31 May 2020 | 30 Jun 2020 | 58 | 8% | 51% | 41% | 55% |
| 01 Jun 2019 - 30 Nov 2019 | 24 Dec 2019 | 61 | 9% | 40% | 50% | 73% |
| 01 Dec 2018 - 31 May 2019 | 15 Jul 2019 | 57 | 10% | 51% | 39% | 52% |
| 01 Jun 2018 - 30 Nov 2018 | 20 Dec 2018 | 64 | 8% | 32% | 60% | 82% |
| 01 Dec 2017 - 31 May 2018 | 16 Jul 2018 | 64 | 6% | 29% | 65% | 84% |
| 01 Jun 2017 - 30 Nov 2017 | 07 Jun 2018 | 71 | 7% | 15% | 78% | 95% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Builder merchants and material suppliers accounts have significantly higher volumes and longer credit periods than sub-contractor accounts.
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
75
Breyer Group PLC actively seeks to resolve disputes by discussing them with the relevant supplier or sub-contractor, typically involving members of the accounts payable department and /or the procurement and commercial teams and / or where necessary members of management. However, where it is not possible to reach agreement, a number of potential dispute resolution methods (for example, mediation, adjudication, expert determination, litigation and / or arbitration) may be used.
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
BREYER GROUP PUBLIC LIMITED COMPANY is a leading provider of sustainable construction and property services in the UK. The company offers a range of services including construction, refurbishment, maintenance, and energy efficiency solutions for both commercial and residential properties.
One of the key focuses of BREYER GROUP is sustainability, as the company is committed to reducing the environmental impact of its operations. They have implemented a sustainability program that includes measures such as using sustainable materials, reducing waste, and promoting renewable energy.
The company also offers a range of sustainable products and services, such as green roofs, solar panels, and energy-efficient heating systems. These products and services not only benefit the environment but also help customers save on their energy bills.
BREYER GROUP is led by a team of experienced and knowledgeable individuals, including CEO Paul Breyer and Chairman Mike Breyer. The company has a strong commitment to customer satisfaction and strives to deliver high-quality services with a focus on sustainability.
For those interested in learning more about BREYER GROUP, their website address is www.breyergroup.co.uk. Their registered office address is located at Unit 2, River Brent Business Park, Trumpers Way, Hanwell, London, W7 2QA. Overall, BREYER GROUP PUBLIC LIMITED COMPANY is dedicated to providing sustainable solutions for their clients while also minimizing their impact on the environment.
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