Score of 86.1/100 qualifies for PaymentCheck Certification
BOSE LIMITED demonstrates a strong trend of prompt payments, with an average payment time of just 11 days and 89% of invoices settled within 30 days. However, the 44% late payment rate indicates a significant number of invoices exceeding their due date, suggesting a discrepancy between average speed and adherence to terms.
While a high percentage of payments are made within 30 days, the 44% late payment rate suggests inconsistency in adherence to payment terms, creating some unpredictability for suppliers. The 7% of payments extending beyond 60 days represents a moderate risk factor for cash flow planning, even though the overall average is very low.
Overall, BOSE LIMITED presents a mixed payment profile; most invoices are paid very quickly, but the substantial late payment percentage and some extending beyond 60 days require consideration. Suppliers should proceed with a general expectation of prompt payment, but acknowledge the moderate risk of delays for a significant portion of invoices and plan for potential extended terms. Implementing clear payment term agreements and monitoring payment patterns closely could help mitigate potential cash flow disruptions.
| 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 Oct 2023 - 31 Mar 2024 | 10 Jun 2024 | 11 | 89% | 4% | 7% | 44% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Nov 2023 | 9 | 93% | 4% | 3% | 50% |
| 01 Oct 2022 - 31 Mar 2023 | 16 May 2023 | 51 | 93% | 6% | 1% | 49% |
| 01 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 53 | 25% | 18% | 57% | 40% |
| 01 Oct 2021 - 31 Mar 2022 | 06 May 2022 | 11 | 98% | 2% | 0% | 9% |
| 01 Apr 2021 - 30 Sept 2021 | 27 Oct 2021 | 11 | 96% | 2% | 1% | 32% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 14 | 91% | 4% | 5% | 36% |
| 01 Apr 2020 - 30 Sept 2020 | 27 Oct 2020 | 10 | 98% | 2% | 0% | 41% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 10 | 98% | 2% | 0% | 38% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 8 | 99% | 1% | 0% | 51% |
| 01 Oct 2018 - 31 Mar 2019 | 09 May 2019 | 12 | 97% | 0% | 3% | 10% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 14 | 90% | 9% | 1% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Normal payment terms 30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
All our supplier payment disputes dealt by Source to Pay team based in Lisbon office.
Maximum contractual payment period agreed
60
All our supplier payment disputes dealt by Source to Pay team based in Lisbon office.
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
Bose Limited is the UK entity within the Bose Corporation group, registered in London and incorporated in 1974. Companies House records its activity as wholesale of audio equipment, including tapes, records, CDs and video tapes and the players for them. The wider Bose group, founded in 1964, designs and sells headphones, earbuds, speakers, soundbars, home cinema systems, portable PA equipment and aviation headsets, alongside automotive sound systems, and offers customer support, repairs and a trade-in programme through its UK website. Bose Limited operates as part of this global group, supporting the distribution and sale of Bose-branded audio products within the UK market rather than manufacturing them itself.
Generated from the company's website and Companies House records. Sources: bose.co.uk · bose.co.uk