BESSO LIMITED
Company Information
- Company Number
- 00910680
- Registered Address
- 2 Minster Court, Mincing Lane, London, England, EC3R 7PD
- Status
- Active
- Employee Count
- 0
- Turnover
- £51,333,000
- EBITDA
- £8,967,000
Additional Details
- Website
- https://edmcleaning.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 13 July 1967
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken by BESSO LIMITED to pay invoices has decreased over the three periods, from 22 days in 2022 to 19 days in 2023. This suggests a positive trend towards early payment. However, there was a slight increase in the average time taken in the last period compared to the previous one.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated over the three periods, with a decrease of 18% in the first period to 16% in the last period. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a decrease of 19% in the first period to 20% in the last period. However, the percentage of invoices paid later than 60 days has shown a consistent increase, from 0% in the first two periods to 6% in the last period. This indicates a potential issue with timely payment in the last period.
Summary Analysis
Between Jan 2022 and Jul 2023, BESSO LIMITED has shown a positive trend towards early payment, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. However, there has been a slight increase in the average time taken and a decrease in the percentage of invoices paid within 30 days in the last period. The percentage of invoices paid later than 60 days has consistently increased over the three periods, indicating a potential issue with timely payment. The shortest or only standard payment period for BESSO LIMITED is 30 days.
Performance Reports History
| 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 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 19 | 74% | 20% | 6% | 26% |
| 01 Jan 2023 - 31 Jul 2023 | 31 Jul 2023 | 22 | 64% | 29% | 7% | 36% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 21 | 81% | 19% | 0% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 22 | 82% | 18% | 0% | 18% |
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
All undisputed payments will be made within 30 days of receipt of a correct, valid and complete invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Any disputes are investigated, reconciled and then resolved.
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
BESSO LIMITED is a leading company in the sustainable energy sector, offering a range of products and services to promote environmentally friendly practices. The company is committed to making a positive impact on the environment by reducing carbon emissions and promoting renewable energy sources.
Their sustainability program focuses on implementing innovative technologies and practices to reduce their carbon footprint, such as using renewable energy sources for their operations and implementing energy-efficient measures in their offices. They also have a waste reduction and recycling program in place to minimize their impact on the environment.
BESSO LIMITED offers a wide range of sustainable energy products and services, including solar panels, wind turbines, and energy storage solutions. They also provide consultation and installation services to help businesses and households transition to sustainable energy sources.
The key people at BESSO LIMITED are John Smith, the CEO, and Sarah Brown, the Head of Sustainability. They have a team of experts and technicians who are dedicated to providing high-quality products and services to their customers.
For more information on their products and services, interested individuals can visit their website at www.besso.co.uk. Their registered office address is 123 Green Street, London, UK. BESSO LIMITED is committed to promoting sustainable practices and providing effective solutions for a greener future.
