BQ LIMITED
Company Information
- Company Number
- 00973387
- Registered Address
- B & Q House Chestnut Avenue, Chandlers Ford, Eastleigh, Hampshire, SO53 3LE
- Status
- Active
- Employee Count
- 23177.0
- Turnover
- 3709500000.0
- EBITDA
- 125000000.0
Additional Details
- Website
- https://bandqcareers.com/
- Company Type
- Private limited Company
- Incorporated On
- 26 February 1970
- Nature of Business
- 47190 - Other retail sale in non-specialised stores$47599 - Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store$47789 - Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)$47910 - Retail sale via mail order houses or via Internet
- Industries
- Property,Infrastructure And Construction
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Feb 2023 - 31 Jul 2023 | 25 Aug 2023 | 60 | 18% | 36% | 46% | 3% |
| 01 Aug 2022 - 31 Jan 2023 | 22 Feb 2023 | 63 | 16% | 33% | 51% | 3% |
| 01 Feb 2022 - 31 Jul 2022 | 30 Aug 2022 | 62 | 16% | 34% | 50% | 3% |
| 01 Aug 2021 - 31 Jan 2022 | 01 Mar 2022 | 68 | 12% | 31% | 57% | 2% |
| 01 Feb 2021 - 31 Jul 2021 | 25 Aug 2021 | 62 | 15% | 33% | 52% | 2% |
| 01 Aug 2020 - 31 Jan 2021 | 24 Feb 2021 | 69 | 10% | 27% | 63% | 3% |
| 01 Feb 2020 - 31 Jul 2020 | 26 Aug 2020 | 80 | 7% | 15% | 78% | 4% |
| 01 Aug 2019 - 31 Jan 2020 | 26 Feb 2020 | 81 | 7% | 13% | 80% | 1% |
| 01 Feb 2019 - 31 Jul 2019 | 28 Aug 2019 | 80 | 13% | 9% | 79% | 2% |
| 01 Aug 2018 - 31 Jan 2019 | 26 Feb 2019 | 81 | 12% | 6% | 82% | 3% |
| 01 Feb 2018 - 31 Jul 2018 | 28 Aug 2018 | 84 | 29% | 10% | 61% | 9% |
Company Summary
B&Q LIMITED is a leading home improvement retailer in the UK, offering a wide range of products and services to help customers create their dream home
The company is committed to sustainability and has various initiatives in place to reduce their environmental impact
Their sustainability program includes initiatives such as reducing carbon emissions, increasing energy efficiency in stores and offices, and promoting sustainable sourcing of products
B&Q also offers a recycling scheme for customers to dispose of old products and packaging responsibly
B&Q's products and services include a wide range of DIY and home improvement products such as gardening equipment, building materials, furniture, and home decor
They also offer installation services for kitchens, bathrooms, and flooring
Some key people in B&Q LIMITED include CEO Christian Mazauric and Chief Financial Officer John Smith
The company's registered office address is at B&Q House, Chestnut Avenue, Chandlers Ford, Eastleigh, Hampshire, SO53 3LE
Their website address is www.diy.com
Overall, B&Q LIMITED is a well-established and reputable company in the home improvement industry, with a strong commitment to sustainability and providing quality products and services to their customers
Company Review
Trend Analysis
The average time taken for B&Q LIMITED to pay invoices to suppliers has remained relatively consistent over the past three periods, with a slight decrease from 84 days in 2018 to 60 days in 2023. However, there was a significant increase in the percentage of invoices paid later than 60 days in 2021, reaching a high of 63%. This trend has since improved, with a decrease to 46% in 2023.
Volatility Analysis
The volatility in B&Q LIMITED's payment patterns can be seen in the fluctuation of the percentage of invoices paid later than 60 days. This percentage has ranged from a low of 46% in 2023 to a high of 82% in 2019. This indicates that the company's payment practices have not been consistent over the past three periods.
Summary Analysis
In summary, B&Q LIMITED has not shown significant changes in its average time to pay invoices over the past three periods. However, there was a notable increase in the percentage of invoices paid later than 60 days in 2021, which has since improved. The company's payment practices have not been consistent, as seen in the volatility of the percentage of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Goods not for Resale (GNFR) contracts = 60 Days Goods for Resale (GFR) contracts = 90 Days CIS (Construction Industry Scheme) contracts = 30 Days Small Businesses = 30 Days Intercompany Payments = 21 Days after the period end
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
90
Dispute Resolution Process
The first point of contact should be with the Accounts Payable Team. Email: AccountsPayableHelpdesk@kingfisher.com (GNFR Invoices) / GFR_APHelpdesk@Kingfisher.com (GFR Invoices). The Accounts Payable team will escalate to the Operational Finance Manager if there are any disputes they are unable to resolve.
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
