The average time to pay for BARGAIN BOOZE LIMITED has remained relatively consistent over the past three periods, with only a one day difference between the first and last periods. However, there has been a slight decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days.
The volatility for BARGAIN BOOZE LIMITED's average time to pay is low, with only a one day difference between the first and last periods. However, there is some volatility in the percentage of invoices paid within 30 days, with a decrease of 1% in the second period and an increase of 1% in the third period.
Between May 2017 and October 2018, BARGAIN BOOZE LIMITED had an average time to pay of 50 days, with 19% of invoices paid within 30 days, 56% of invoices paid between 31 and 60 days, and 25% of invoices paid later than 60 days. The percentage of invoices paid within 30 days decreased by 1% in the second period and increased by 1% in the third period. The percentage of invoices paid later than 60 days also increased by 2% in the third period.
| 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 May 2017 - 29 Oct 2017 | 30 Nov 2017 | 50 | 18% | 56% | 26% | 71% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Stock suppliers: end of the month following the date of invoice. Non-stock supplier: 45 days from end of the month following the date of invoice. Non-UK suppliers: 60 to 90 days from the date of invoice (period is expressly agreed with relevant supplier).
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
Claims for any disputed invoices are raised to the supplier detailing if the query relates to a quantity discrepancy (short delivery) or a pricing query. If the claim relates to a pricing query this is submitted to the supplier along with the supporting evidence from the buyers. The invoice is typically placed on hold until a credit is received to clear the claim.
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
BARGAIN BOOZE LIMITED is a retail company based in the UK that specializes in selling a wide variety of alcohol, including beer, wine, and spirits. The company was founded in 1981 and has since grown to become one of the largest and most successful alcohol retailers in the country.
The company is committed to sustainability and has implemented several initiatives to reduce their environmental impact. They have a recycling program in place and use sustainable packaging materials. They also source their products from responsible and ethical suppliers.
BARGAIN BOOZE LIMITED offers a diverse range of products, including popular brands as well as their own private label products. They also have a loyalty program for their customers, offering discounts and rewards for frequent purchases.
The key people in the company include the CEO, Chairman, and other members of the management team who are responsible for the company's success and growth. The company has over 500 stores across the UK, making it easily accessible to customers.
Their website, www.bargainbooze.co.uk, provides information about their products, promotions, store locations, and contact information. Customers can also shop online and have their orders delivered to their doorstep.
The registered office address for BARGAIN BOOZE LIMITED is at Bargain Booze House, Irwell Street, Salford, Manchester, M3 5EN, United Kingdom. Overall, BARGAIN BOOZE LIMITED is a well-established and sustainable company that offers a wide range of quality alcohol products and services to their customers.