BARRETT STEEL LIMITED
Company Information
- Company Number
- 02755663
- Registered Address
- Barrett House, Cutler Heights Lane, Dudley Hill, Bradford, BD4 9HU
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 October 1992
- Nature of Business
- 46720 - Wholesale of metals and metal ores70100 - Activities of head offices
- Industries
- Coming Soon
- Region
- Yorkshire
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
BARRETT STEEL LIMITED exhibits a consistent trend of significantly extended payment cycles, with an average payment time of 66 days. A substantial 58% of their payments extend beyond 60 days, while only 4% are settled within 30 days, indicating a clear trajectory towards prolonged payment terms for suppliers.
Volatility Analysis
The payment profile for BARRETT STEEL LIMITED demonstrates a reliable pattern of slow payments rather than high volatility in speed, with a significant majority consistently exceeding 60 days. However, the 17% 'late' payments introduce an element of unreliability, suggesting that even their own extended expectations are not consistently met, posing a risk to predictable cash flow for suppliers.
Summary Analysis
Suppliers evaluating BARRETT STEEL LIMITED should anticipate significantly delayed cash receipts and factor an average payment time of 66 days into their financial planning. It is advisable to consider implementing stricter payment terms such as upfront deposits or shorter credit periods, and assess the potential impact on working capital before extending credit.
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 Apr 2025 - 30 Sept 2025 | 28 Oct 2025 | 66 | 4% | 38% | 58% | 17% |
| 01 Oct 2024 - 31 Mar 2025 | 17 Apr 2025 | 71 | 5% | 32% | 63% | 22% |
| 01 Apr 2024 - 30 Sept 2024 | 28 Oct 2024 | 69 | 4% | 33% | 63% | 20% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 69 | 4% | 35% | 61% | 18% |
| 01 Apr 2023 - 30 Sept 2023 | 27 Oct 2023 | 67 | 5% | 35% | 60% | 17% |
| 01 Oct 2022 - 31 Mar 2023 | 24 Apr 2023 | 69 | 4% | 35% | 61% | 21% |
| 01 Apr 2022 - 30 Sept 2022 | 21 Oct 2022 | 68 | 5% | 35% | 60% | 25% |
| 01 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | 71 | 4% | 34% | 62% | 21% |
| 01 Apr 2021 - 30 Sept 2021 | 26 Oct 2021 | 71 | 4% | 31% | 65% | 26% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 72 | 2% | 31% | 67% | 26% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 71 | 3% | 31% | 66% | 95% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 72 | 4% | 30% | 66% | 89% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 71 | 4% | 30% | 66% | 90% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 72 | 5% | 28% | 67% | 85% |
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
Steel purchases – 60-90 days EOM, paid on the next payment run following due date Non-steel purchases – 30-120 days EOM, paid on the next payment run following due date We have longstanding relationships with our key suppliers. Whilst some payments made fall outside of the contractual period, we make regular payments to these suppliers on fixed days of the month which are accepted by them.
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
120
Dispute Resolution Process
Invoices in dispute will be queried by the Accounts Payable department and are documented in a Query Log. If they are unable to resolve the query, this will be referred to colleagues elsewhere in the business to resolve. Once resolved the invoice will be processed on the payment run in accordance with payment terms. If it is resolved after payment due date, the invoice will be paid on the next payment run.
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
BARRETT STEEL LIMITED is an active private limited company operating within the steel industry
Its company name clearly indicates its core business involves steel
The company was incorporated on 14 October 1992 under company number 02755663
Its registered office is located at Barrett House, Cutler Heights Lane, Dudley Hill, Bradford, BD4 9HU, within the Yorkshire region
Companies operating in the steel sector typically specialise in the processing, supply, and distribution of a wide range of steel products
These often include structural steel, engineering steel, and general steel fabrication services for various industrial and construction applications across the UK market
