THE BARNES GROUP LIMITED carries an average payment time of 36 days, sitting just outside standard 30-day terms, with nearly half of all invoices (48%) settled within that threshold. The bulk of remaining payments fall within the 31–60 day band (47%), indicating a consistent pattern of slightly extended but controlled payment cycles rather than erratic behaviour. Only 5% of payments exceed 60 days, suggesting the company rarely allows obligations to become seriously overdue.
With just 3% of invoices classified as late, THE BARNES GROUP LIMITED demonstrates a high degree of payment reliability relative to its volume of transactions. The concentration of payments across the 0–30 and 31–60 day bands points to a predictable, if slightly slow, settlement pattern with limited exposure to significant delays. The low over-60-day figure (5%) confirms that tail-end risk is minimal, making cash flow forecasting reasonably straightforward for supplying businesses.
THE BARNES GROUP LIMITED presents a low-to-moderate payment risk profile and is generally a dependable trading partner, though suppliers should anticipate payment cycles averaging 36 days rather than the standard 30. It is advisable to build this buffer into cash flow planning and, where possible, negotiate payment terms of net 45 days to align expectations from the outset. Given the very low late-payment rate of 3%, escalation procedures are unlikely to be frequently needed, but periodic invoice follow-up around the 30-day mark would help accelerate settlements for cash-sensitive suppliers.
| 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 2024 - 31 Mar 2025 | 22 Sept 2025 | 36 | 48% | 47% | 5% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for invoices are end of month following the date of the invoice. Invoices can therefore be paid between 30 and 60 days depending on the date of the invoice. For subcontractors, terms are according to the dates set out in the contract.
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
Finance staff and buyers liaise directly with suppliers to resolve invoice queries. In the event that a resolution cannot be made, the query is escalated to the relevant Manager to agree a solution.
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
THE BARNES GROUP LIMITED is a private limited company operating within the United Kingdom. Established under the Companies Act, the organisation conducts its business activities from its registered base in Ipswich, Suffolk.
The company was incorporated on 23 March 1978 and holds company registration number 01359667 at Companies House. With over four decades of continuous operation, THE BARNES GROUP LIMITED maintains its registered office at 6 Bermuda Road, Ransomes Europark, Ipswich, Suffolk, IP3 9RU, situating it within the East of England region.
As a private limited company, THE BARNES GROUP LIMITED operates with the benefit of limited liability, providing a defined corporate structure that separates the organisation's financial obligations from those of its individual shareholders. This company structure is a recognised and widely used format across the UK business landscape, offering stability and clear governance frameworks.
THE BARNES GROUP LIMITED has maintained active status throughout its operational history, reflecting a sustained presence within the East of England business community since its incorporation in 1978.