The trend for BOAL U.K. LIMITED in terms of average time to pay invoices has remained relatively stable over the past three periods, with only a 1-day difference between the first and third periods. However, there has been a slight increase in the percentage of invoices paid within 30 days, from 49% in the first period to 52% in the third period. This could indicate a slight improvement in the company's payment efficiency.
The volatility in BOAL U.K. LIMITED's payment patterns is evident in the fluctuations of the percentage of invoices paid within 30 days, which ranged from 49% to 53% over the three periods. The company also saw a decrease in the percentage of invoices paid within 31-60 days in the second period, followed by an increase in the third period. This could suggest some inconsistency in the company's payment practices.
| 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 Jan 2019 - 30 Jun 2019 | 19 Sept 2019 | 37 | 52% | 35% | 13% | 31% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 38 | 53% | 31% | 17% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 37 | 49% | 41% | 10% | 37% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Small suppliers - 30 days or 30 days from end of month of invoice. Large Supplier - 60 days or 60 days from end of month of invoice Some suppliers offer 90 days from date of invoice.
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
91
Disputes are initially handled by the Finance team, and escalated to the Purchasing Manager is required.
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
BOAL U.K. Limited is registered in Shepshed, Leicestershire, with a stated business of aluminium production. It forms part of the BOAL Group, a Netherlands-headquartered business supplying engineered systems for high-tech greenhouse construction. Within the group, BOAL Extrusion operates in-house aluminium extrusion facilities in both the Netherlands and the United Kingdom, designing, extruding and surface-finishing aluminium profiles used in greenhouse roof and sidewall systems, as well as for other applications such as the solar industry. As the UK arm of this activity, the company contributes extruded aluminium components that feed into the wider group's modular greenhouse systems supplied to builders and growers internationally, rather than selling finished consumer products directly itself.
Generated from the company's website and Companies House records. Sources: boalgroup.com