FBE REALISATIONS 2021 LIMITED exhibits an average payment time of 30 days; however, a significant 76% of their payments are classified as late. While 61% are paid within 30 days, a substantial 39% extend beyond this, with 9% being severely delayed over 60 days. This indicates a consistent pattern where a considerable portion of invoices will exceed initial payment terms, trending towards delays.
The payment distribution suggests moderate predictability, as 61% are settled within 30 days, but the remaining 39% are highly variable, spanning up to and beyond 60 days. The 76% late payment rate introduces significant risk regarding consistent cash flow for suppliers. This volatility means relying on prompt payment from FBE REALISATIONS 2021 LIMITED is unreliable, with a high chance of payment extending beyond standard terms.
Suppliers should approach FBE REALISATIONS 2021 LIMITED with caution due to the high likelihood of payment delays, evidenced by 76% of payments being late despite a 30-day average. Key decision factors include willingness to manage extended payment cycles and the potential impact of 39% of invoices being paid 31+ days, with 9% over 60 days. Mitigation strategies should involve negotiating stricter payment terms, requesting upfront deposits, or factoring potential delays into pricing to cover increased working capital needs.
| 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 2019 - 30 Sept 2019 | 31 Oct 2019 | 30 | 61% | 30% | 9% | 76% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 35 | 48% | 42% | 10% | 78% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 36 | 47% | 42% | 11% | 73% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Flybe's standard payment terms are to pay suppliers within 30 days of receipt of invoice. Payment terms may be negotiated depending on the commercial situation on a case by case basis.
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
45
Disputes and queries are handled by a dedicated Accounts Payable team via email or telephone. Flybe will endeavour to resolve any dispute reasonably.
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
FBE REALISATIONS 2021 LIMITED was a private limited company established to undertake specific realisation activities. The company's status is currently dissolved.
Designated with company number 02769768, the organisation was incorporated on 1 December 1992. Its registered office was situated in London at 1 More London Place, SE1 2AF.
In the UK market, private limited companies with "Realisations" in their name commonly focus on the orderly disposal and monetisation of assets. This often occurs following corporate restructurings, insolvencies, or the conclusion of specific projects, involving the sale of property or collection of outstanding monies.