Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time to pay for BROADLAND DRINKS LIMITED has remained relatively consistent over the past 3 periods, with a slight increase in the most recent period. However, there has been a noticeable decrease in the percentage of invoices paid between 31 and 60 days, indicating that the company is paying more invoices within 30 days. This is also supported by an increase in the percentage of invoices paid later than 60 days.
The volatility in the average time to pay for BROADLAND DRINKS LIMITED has been relatively low, with only a 2-day difference between the shortest and longest standard payment period. However, there has been some volatility in the percentage of invoices paid within 30 days, with a difference of 9% between the highest and lowest periods.
Looking at the past 3 periods, there has been a slight increase in the average time to pay for BROADLAND DRINKS LIMITED, with a noticeable decrease in the percentage of invoices paid between 31 and 60 days. This indicates that the company is making efforts to pay more invoices within 30 days. However, there has also been an increase in the percentage of invoices paid later than 60 days, which could be a cause for concern. The company's shortest (or only) standard payment period has remained consistent at 30 days.
| 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 - 30 Sept 2022 | 05 Oct 2022 | 29 | 55% | 42% | 3% | 67% |
| 01 Oct 2021 - 31 Mar 2022 | 05 Apr 2022 | 29 | 52% | 42% | 6% | 70% |
| 01 Apr 2021 - 30 Sept 2021 | 07 Oct 2021 | 30 | 52% | 42% | 6% | 60% |
| 01 Oct 2020 - 31 Mar 2021 | 09 Apr 2021 | 29 | 54% | 40% | 6% | 62% |
| 01 Apr 2020 - 30 Sept 2020 | 12 Oct 2020 | 32 | 47% | 45% | 8% | 56% |
| 01 Oct 2019 - 31 Mar 2020 | 09 Apr 2020 | 30 | 53% | 42% | 5% | 63% |
| 01 Apr 2019 - 30 Sept 2019 | 09 Oct 2019 | 30 | 50% | 44% | 6% | 64% |
| 03 Sept 2018 - 29 Mar 2019 | 10 Jun 2019 | 31 | 46% | 52% | 3% | 73% |
| 03 Apr 2018 - 30 Sept 2018 | 10 Jun 2019 | 30 | 51% | 44% | 5% | 73% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Wine Supply - Rest of World = 60 - 120 Days Wine Supply - Europe = 30 - 60 Days Dry Goods = 30 - 60 days Other as agreed with supplier
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Disputes are alerted to accounts payable or buyer. Accounts speak to buyer to determined any delivery or quality issues. Any issues are relayed to supplier to help find a solution to any disputes.
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
BROADLAND DRINKS LIMITED is an active private limited company, incorporated on 15 September 1965, based in the East of England region. Registered business activity: Manufacture of wine from grape; Manufacture of cider and other fruit wines.
From Companies House records.