THE BEST CONNECTION GROUP LIMITED
Company Information
- Company Number
- 02600534
- Registered Address
- Unit 1, Topaz, Topaz Way, Bromsgrove, Worcestershire, B61 0GD
- Status
- Active
- Employee Count
- 689
- Turnover
- £348,551,000
- EBITDA
- £9,555,000
Additional Details
- Website
- https://baileycare.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 5 April 1991
- Nature of Business
- 78200 - Temporary employment agency activities
- Industries
- Professional Services
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken by THE BEST CONNECTION GROUP LIMITED to pay invoices has remained relatively consistent over the past three periods, ranging from 25 to 29 days. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 10% in 2017-2018 to 14% in 2021-2022.
Volatility Analysis
The volatility in the time taken to pay invoices by THE BEST CONNECTION GROUP LIMITED has been relatively low, with the average time staying within a range of 4 days. The highest volatility was seen in 2020-2021, with a difference of 4 days between the shortest and longest payment period.
Summary Analysis
Over the past three periods, there has been a slight increase in the average time taken by THE BEST CONNECTION GROUP LIMITED to pay invoices, from 26 days in 2018-2019 to 29 days in 2021-2022. However, the percentage of invoices paid within 30 days has remained consistent at around 70%, while the percentage of invoices paid later than 60 days has increased from 7% to 14%. The highest percentage of invoices paid later than 60 days was seen in 2021-2022.
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 Dec 2021 - 31 May 2022 | 30 Jun 2022 | 29 | 68% | 18% | 14% | 49% |
| 01 Jun 2021 - 30 Nov 2021 | 23 Dec 2021 | 26 | 74% | 16% | 10% | 60% |
| 01 Dec 2020 - 31 May 2021 | 30 Jun 2021 | 25 | 73% | 20% | 7% | 46% |
| 01 Jun 2020 - 30 Nov 2020 | 07 Jan 2021 | 25 | 76% | 15% | 9% | 45% |
| 01 Dec 2019 - 31 May 2020 | 24 Jun 2020 | 28 | 70% | 17% | 13% | 45% |
| 01 Jun 2019 - 30 Nov 2019 | 12 Feb 2020 | 29 | 69% | 17% | 14% | 39% |
| 01 Dec 2018 - 31 May 2019 | 28 Jun 2019 | 29 | 66% | 21% | 14% | 33% |
| 01 Jun 2018 - 30 Nov 2018 | 27 Dec 2018 | 26 | 72% | 21% | 7% | 35% |
| 01 Dec 2017 - 31 May 2018 | 29 Jun 2018 | 27 | 73% | 17% | 10% | 60% |
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
The Best Connection Group has standard payment terms of 30 days from invoice date, which makes up the majority of contracts. Some contracts are negotiated with shorter terms. Invoices are paid within terms unless there is a dispute which may result in delays.
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
30
Dispute Resolution Process
The Accounts Payable department is responsible for dispute resolution. Disputes are resolved by negotiation with each individual supplier, and where possible a resolution is reached before the payment date.
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
THE BEST CONNECTION GROUP LIMITED is a leading recruitment agency based in the United Kingdom. They offer a range of services including temporary and permanent staffing solutions to various industries such as industrial, driving, and warehouse sectors.
Their sustainability program is focused on reducing their environmental impact by implementing eco-friendly practices in their operations. This includes using energy-efficient technology, recycling, and promoting sustainable transportation options for their employees.
The company also offers a wide range of products and services to their clients, including job matching, payroll management, and HR support. They pride themselves on their commitment to providing high-quality services and building long-term partnerships with their clients.
The key people at THE BEST CONNECTION GROUP LIMITED include Neil Yorke, the Managing Director, and Julie Robinson, the Operations Director. They are supported by a team of experienced and dedicated staff who strive to provide the best recruitment solutions to their clients.
The company's website address is www.thebestconnection.co.uk, where clients can find more information about their services and current job opportunities. Their registered office address is 61-65 High Street, Walsall, West Midlands, WS1 2ES, United Kingdom.
In conclusion, THE BEST CONNECTION GROUP LIMITED is a reputable and sustainable recruitment agency that offers a range of services to various industries. With their focus on quality and sustainability, they continue to be a trusted partner for both clients and job seekers.
