BARD LIMITED exhibits a concerning trend of delayed payments, with an average payment time of 36 days. Only 25% of invoices are paid within 30 days, while a substantial 71% extend beyond 60 days. This indicates a consistent trajectory towards significantly prolonged payment cycles rather than timely settlement.
Payment reliability for BARD LIMITED is very low, as evidenced by 77% of payments being late and 71% extending beyond 60 days. This creates significant unpredictability for suppliers regarding cash flow, making it difficult to forecast working capital needs accurately. Consequently, suppliers face a high risk of prolonged payment terms, impacting financial stability.
Overall, BARD LIMITED presents a high payment risk for suppliers given its consistent pattern of very late payments. Suppliers should assume significantly extended payment cycles and factor this into their pricing and cash flow projections. Implementing robust risk mitigation, such as demanding shorter payment terms or upfront deposits, is strongly recommended before engagement.
| 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 2023 - 30 Sept 2023 | 16 Oct 2023 | 36 | 25% | 4% | 71% | 77% |
| 01 Oct 2022 - 31 Mar 2023 | 24 Apr 2023 | 42 | 25% | 8% | 67% | 78% |
| 01 Apr 2022 - 30 Sept 2022 | 24 Apr 2023 | 44 | 18% | 16% | 66% | 84% |
| 01 Oct 2021 - 31 Mar 2022 | 20 Mar 2023 | 48 | 19% | 24% | 57% | 83% |
| 01 Oct 2021 - 31 Mar 2022 | 08 Mar 2023 | 48 | 19% | 24% | 57% | 83% |
| 01 Apr 2021 - 30 Sept 2021 | 26 Oct 2021 | 33 | 41% | 50% | 9% | 82% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 32 | 40% | 49% | 11% | 81% |
| 01 Apr 2020 - 30 Sept 2020 | 20 Oct 2020 | 19 | 82% | 15% | 2% | 43% |
| 01 Oct 2019 - 31 Mar 2020 | 21 Apr 2020 | 20 | 86% | 9% | 5% | 48% |
| 01 Apr 2019 - 30 Sept 2019 | 22 Oct 2019 | 16 | 91% | 6% | 3% | 40% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 13 | 97% | 2% | 1% | 33% |
| 01 Jun 2018 - 30 Sept 2018 | 26 Oct 2018 | 14 | 94% | 5% | 1% | 40% |
| 01 Dec 2017 - 31 May 2018 | 19 Jul 2018 | 13 | 96% | 4% | 1% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from invoice receipt date
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
Any dispute arising would be settled amicably and as promptly as possible by discussion with the supplier concerned. These are to be dealt with primarily by the company's shared service center and if necessary escalated to local finance.
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
Bard Limited is a UK-registered company incorporated in 1968, originally named C.R. Bard International Limited until 1981. Companies House records its business activity under manufacture of medical and dental instruments and supplies. It is registered in Crawley, West Sussex, and operates within the medical devices field, reflecting its long-standing link to the wider Bard corporate group's medical technology operations. The company remains active, with recent accounts and confirmation statements filed. As the registered entity, it represents the UK arm of a manufacturing operation focused on medical and dental instrumentation rather than a holding or purely administrative body.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk