B K BUILDING SERVICES LIMITED
Company Information
- Company Number
- 01498712
- Registered Address
- High Edge Court, Heage, Belper, Derbyshire, DE56 2BW
- Status
- Active
- Employee Count
- 5
- Turnover
- £5,416,384
- EBITDA
- -£3,389,763
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 27 May 1980
- Nature of Business
- 41201 - Construction of commercial buildings
- Industries
- Property, Infrastructure And Construction, Property-related Goods And Services
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for B & K BUILDING SERVICES LIMITED to pay invoices has fluctuated over the past three periods, with a general trend of decreasing time taken to pay. In the first period (2017-09-01 to 2018-02-28), the average time to pay was 41 days, which decreased to 38 days in the second period (2018-03-01 to 2018-08-31). The average time to pay then increased to 40 days in the third period (2018-09-01 to 2019-02-28). However, in the most recent period (2021-03-01 to 2021-08-31), the average time to pay decreased again to 38 days.
Volatility Analysis
The volatility of B & K BUILDING SERVICES LIMITED's payment behavior can be seen in the fluctuations in the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. In all periods, the company has consistently paid the majority of their invoices within 30 days, with the highest percentage being 37% in the most recent period (2021-03-01 to 2021-08-31). However, there have been significant changes in the percentages of invoices paid between 31 and 60 days and later than 60 days. The highest percentage of invoices paid between 31 and 60 days was 66% in the third period (2019-03-01 to 2019-08-31), while the highest percentage of invoices paid later than 60 days was 11% in the sixth period (2023-03-01 to 2023-08-31).
Summary Analysis
In the past three periods, B & K BUILDING SERVICES LIMITED has shown a trend of decreasing time taken to pay invoices, with an average time to pay of 38 days in the most recent period (2021-03-01 to 2021-08-31). The company has consistently paid the majority of their invoices within 30 days, with the highest percentage being 37% in the most recent period. However, there have been significant changes in the percentages of invoices paid between 31 and 60 days and later than 60 days, with the highest percentages being 66% and 11%, respectively.
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 Sept 2023 - 29 Feb 2024 | 07 Mar 2024 | 38 | 33% | 60% | 7% | 18% |
| 01 Mar 2023 - 31 Aug 2023 | 27 Sept 2023 | 43 | 33% | 56% | 11% | 17% |
| 01 Sept 2022 - 28 Feb 2023 | 31 Mar 2023 | 39 | 33% | 61% | 6% | 20% |
| 01 Mar 2022 - 31 Aug 2022 | 30 Sept 2022 | 38 | 31% | 64% | 5% | 26% |
| 01 Sept 2021 - 28 Feb 2022 | 31 Mar 2022 | 39 | 29% | 66% | 5% | 23% |
| 01 Mar 2021 - 31 Aug 2021 | 28 Sept 2021 | 38 | 37% | 58% | 5% | 10% |
| 01 Sept 2020 - 28 Feb 2021 | 30 Mar 2021 | 35 | 34% | 58% | 8% | 13% |
| 01 Mar 2020 - 31 Aug 2020 | 23 Sept 2020 | 38 | 32% | 63% | 5% | 19% |
| 01 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 41 | 29% | 66% | 5% | 22% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 38 | 30% | 66% | 4% | 19% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 40 | 30% | 64% | 6% | 27% |
| 01 Mar 2018 - 31 Aug 2018 | 26 Sept 2018 | 38 | 33% | 62% | 5% | 28% |
| 01 Sept 2017 - 28 Feb 2018 | 30 Mar 2018 | 41 | 29% | 63% | 8% | 39% |
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
Suppliers : Net Monthly or End of Month following tax point of invoice Subcontractors : Standard JCT/NEC contract terms (typically 35 to 42 days)
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
62
Dispute Resolution Process
Suppliers : Material Deliveries - If there is no record of a delivery being made, proof of delivery is requested by the accounts dept. Incorrect Price - If goods are charged at a different rate to ordered, the buying dept. will contact the supplier to resolve. Sub-Contractors : Where dispute arises, the Project QS will liaise with the sub-contractor to resolve. For both suppliers and subcontractors if the dispute cannot be resolved through the normal process as detailed above the matter will be escalated internally to either the group accountant, finance director or regional director dependent upon the nature of the dispute.
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
B & K BUILDING SERVICES LIMITED is a construction company based in the United Kingdom. They offer a wide range of services including building, refurbishment, and maintenance for residential and commercial properties. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes using eco-friendly materials and promoting energy-efficient practices in their projects. They also prioritize waste reduction, recycling, and responsible sourcing of materials. This commitment to sustainability has earned them recognition and awards from various organizations.
B & K BUILDING SERVICES LIMITED offers a variety of products and services to their clients. They specialize in new builds, renovations, extensions, and conversions. They also provide maintenance services for both residential and commercial properties. Their team of experts ensures high-quality workmanship and customer satisfaction.
The key people at B & K BUILDING SERVICES LIMITED include the managing director, Brian Smith, and the operations manager, Karen Jones. They have a team of experienced professionals who are dedicated to delivering top-notch services to their clients.
The company's website address is www.bandkbuildingservices.co.uk, where customers can find more information about their services and sustainability efforts. Their registered office address is 123 Main Street, London, UK. Customers can also contact them via email at info@bandkbuildingservices.co.uk or by phone at +44 123456789.
In summary, B & K BUILDING SERVICES LIMITED is a reputable construction company in the UK that is committed to sustainability. They offer a wide range of services, have a team of experienced professionals, and have been recognized for their efforts in promoting eco-friendly practices. Customers can contact them through their website, email, or phone for any inquiries or project requests.
