BIBENDUM WINE LIMITED
Company Information
- Company Number
- 02218928
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://bibendum-wine.co.uk/
- Industries
- Lifestyle And Entertainment
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for BIBENDUM WINE LIMITED to pay invoices has decreased over the past three periods, from 61 days in 2017-05-01 to 53.4 days in 2018-10-28. This shows an improvement in their payment efficiency.
Volatility Analysis
The volatility in BIBENDUM WINE LIMITED's payment behavior can be seen in their fluctuating percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. However, there is a consistent increase in the percentage of invoices paid within 30 days, which shows a trend towards early payment.
Summary Analysis
In the past three periods, BIBENDUM WINE LIMITED has improved their average time to pay invoices, with a decrease from 61 days to 53.4 days. The percentage of invoices paid within 30 days has also increased from 19% to 31.4%, indicating a trend towards early payment.
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 May 2017 - 29 Oct 2017 | 30 Nov 2017 | 61 | 19% | 42% | 39% | 67% |
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
Wine purchasing – 60 days for UK collection/ deliveries; 90 days (European collection/deliveries); 120 days (Rest of the world collections/deliveries). All periods commence on date of invoice.
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
120
Dispute Resolution Process
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.
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
Company Summary
BIBENDUM WINE LIMITED is a UK-based wine supplier and distributor that was established in 1982. The company is committed to sustainability and has various initiatives in place to reduce their environmental impact and support sustainable practices in the wine industry.
The company offers a wide range of wines from around the world, including organic and biodynamic options. They also have a focus on promoting smaller, independent producers and have a dedicated team sourcing unique and high-quality wines for their customers.
BIBENDUM WINE LIMITED's sustainability program includes measures such as reducing their carbon footprint by using renewable energy sources, implementing waste reduction and recycling programs, and supporting sustainable farming practices. They also work closely with their suppliers to ensure ethical and sustainable production methods.
The key people at BIBENDUM WINE LIMITED include Michael Saunders, the CEO, and Kirstie Papworth, the Head of Sustainability. The company has a team of experts in wine, sustainability, and logistics who work together to provide the best products and services to their customers.
The company's website (www.bibendum-wine.co.uk) provides information about their products, services, and sustainability efforts. Their registered office address is 113 Regent's Park Rd, London NW1 8UR, UK.
In summary, BIBENDUM WINE LIMITED is a leading wine supplier and distributor in the UK that is dedicated to promoting sustainability in the wine industry. With a wide range of products, a focus on supporting smaller producers, and a strong commitment to reducing their environmental impact, the company continues to provide high-quality wines while also making a positive contribution to the planet.
