BYRNE BROS. (FORMWORK) LIMITED

PaymentCheck Score 2024
55Fair
#3980 in UK
#295 in Property
#1511 in London

Company Information

Company Number
01179102
Employee Count
167
Turnover
£100,495,000
EBITDA
£5,040,000

Additional Details

Industries
Property, Infrastructure And Construction
Region
London

Time to Pay

Average Time to Pay
48 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
24%
31-60 Days
65%
After 60 Days
11%
Not Paid Within Terms1%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202430 Jul 20244824%65%11%1%
01 Jan 2022 - 30 Jun 202222 Aug 20224834%56%10%1%
01 Jul 2021 - 31 Dec 202128 Jan 20224932%57%11%1%
01 Jan 2020 - 30 Jun 202028 Jul 20204638%49%13%4%
01 Jan 2019 - 30 Jun 201930 Jul 20194947%40%13%5%
01 Jun 2017 - 30 Nov 201715 Jan 20185555%45%0%0%

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

Standard 60 Days

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

Dispute Resolution Process

Contained within each contract and would include an escalation process.

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

BYRNE BROS. (FORMWORK) LIMITED is a construction company based in the United Kingdom. They specialize in formwork and have been in operation since 1969. The company is committed to sustainability and has implemented various measures to reduce their environmental impact.

The company offers a range of formwork products and services including design, supply, and installation. They have a team of experienced professionals who work closely with clients to provide innovative and cost-effective solutions for their construction projects.

Some of the key people at BYRNE BROS. (FORMWORK) LIMITED include the managing director, Paul Byrne, and the operations director, David Byrne. Both have extensive experience in the construction industry and play a crucial role in the company's success.

In terms of sustainability, BYRNE BROS. (FORMWORK) LIMITED has a comprehensive environmental management system in place. They recycle materials, use sustainable materials, and continuously monitor and improve their processes to reduce waste and carbon emissions. They are also committed to promoting sustainable practices among their suppliers and subcontractors.

The company's website address is www.byrnebros.co.uk, where customers can find more information about their services, projects, and sustainability efforts. The registered office address is 17-19 Foley Street, London, W1W 6DW.

In summary, BYRNE BROS. (FORMWORK) LIMITED is a reputable construction company that offers quality formwork products and services while prioritizing sustainability. With a dedicated team and a strong commitment to the environment, they continue to make a positive impact in the construction industry.

Financial Metrics

Cash
£22,114,558
Net Worth
£30,158,718
Total Current Assets
£38,669,913
Total Current Liabilities
£13,935,138