BRIGGS OF BURTON PLC
Company Information
- Company Number
- 02077847
- Registered Address
- Briggs Of Burton Plc, Briggs House, Trent Works, Burton On Trent, Staffordshire, DE14 2LH
- Status
- Active
- Employee Count
- 216.0
- Turnover
- 74521000.0
- EBITDA
- 6186000.0
Additional Details
- Website
- https://giusti.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 27 November 1986
- Nature of Business
- 28930 - Manufacture of machinery for food, beverage and tobacco processing
- Industries
- 0
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 65 | 14% | 29% | 57% | 29% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 94 | 8% | 26% | 66% | 48% |
Company Summary
Briggs of Burton PLC is a UK-based company that specializes in providing engineering and process solutions for the beverage, food, and pharmaceutical industries
They have a strong focus on sustainability and have implemented various initiatives to reduce their environmental impact
The company offers a wide range of products and services, including design, installation, and maintenance of process equipment for breweries, distilleries, and other beverage production facilities
They also provide engineering solutions for food and pharmaceutical companies, such as process automation and control systems
Briggs of Burton PLC is committed to sustainability and has a dedicated program in place to reduce their carbon footprint
They have implemented energy-efficient measures in their offices and have also developed eco-friendly products, such as their energy-efficient brewing vessels
The key people at Briggs of Burton PLC include CEO, Peter Wilkinson, and Managing Director, Richard Carter
They have a team of experienced engineers and technicians who work together to deliver high-quality solutions to their clients
For more information, customers can visit their website at www.briggsplc.com
The company's registered office is located at St
George's House, Derby Road, Burton-on-Trent, Staffordshire, DE14 1DP, United Kingdom
Customers can also contact them via email at info@briggsplc.com or by phone at +44 (0)1283 510 501
Company Review
Trend Analysis
The average time taken for BRIGGS OF BURTON PLC to pay invoices has been fluctuating over the past three periods. In the first period (Jan 2023 - Jun 2023), the company took an average of 94 days to pay invoices, with 66% of invoices paid later than 60 days. This improved in the second period (Jul 2023 - Dec 2023), with the average time to pay decreasing to 65 days and the percentage of invoices paid within 30 days increasing to 14%. However, in the most recent period (Jan 2024 - Jun 2024), the average time to pay increased again to 79 days and the percentage of invoices paid within 30 days decreased to 10%.
Volatility Analysis
The volatility of BRIGGS OF BURTON PLC's payment time can be seen in the fluctuations in the average time to pay and the percentages of invoices paid within 30 days and between 31 and 60 days. The company has not shown a consistent trend towards faster payments or meeting agreed terms over the three periods analysed.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 days EOM from receipt of a valid invoice, on the next available payment run
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
Dispute Resolution Process
Complaints should be logged with the Finance Department for investigation and response
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.
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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
