BUNZL UK LIMITED
Company Information
- Company Number
- 02902454
- Registered Address
- York House, 45 Seymour Street, London, W1H 7JT
- Status
- Active
- Employee Count
- 3354.0
- Turnover
- 848226000.0
- EBITDA
- 72123000.0
Additional Details
- Website
- https://comaxuk.com/
- Company Type
- Private limited Company
- Incorporated On
- 25 February 1994
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 65 | 14% | 33% | 53% | 43% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 65 | 14% | 32% | 54% | 44% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 64 | 13% | 34% | 53% | 44% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 68 | 14% | 30% | 56% | 46% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 65 | 13% | 36% | 51% | 44% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 69 | 12% | 30% | 58% | 28% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 64 | 13% | 35% | 52% | 42% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 70 | 11% | 30% | 59% | 39% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 66 | 13% | 32% | 55% | 43% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 45 | 10% | 32% | 58% | 45% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 69 | 10% | 33% | 57% | 53% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 68 | 9% | 31% | 60% | 56% |
Company Summary
BUNZL UK LIMITED is a leading distributor of non-food consumables, operating in the UK and Ireland
The company offers a wide range of products and services to various industries, including healthcare, foodservice, retail, and facilities management
The company is committed to sustainability and has a dedicated program in place to reduce its environmental impact
This includes initiatives such as reducing carbon emissions, increasing the use of renewable energy, and promoting sustainable products
BUNZL UK LIMITED's products and services are diverse and cater to the needs of different businesses
They offer a range of packaging solutions, cleaning and hygiene products, foodservice disposables, and healthcare supplies
The company also provides bespoke solutions and services, tailored to the specific needs of their clients
The key people at BUNZL UK LIMITED include Frank van Zanten, the CEO, and Paul Hussey, the Managing Director
They lead a team of over 5,000 employees who are committed to providing excellent service and building strong relationships with customers
The company's website, www.bunzl.com, provides information about their products, services, and sustainability initiatives
The registered office address is York House, 45 Seymour Street, London, W1H 7JT
In summary, BUNZL UK LIMITED is a leading distributor of non-food consumables, with a strong focus on sustainability
They offer a wide range of products and services, led by a dedicated team of key people, and can be contacted through their website or registered office address
Company Review
Trend Analysis
The average time taken for BUNZL UK LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in 2019, followed by an increase in 2020, and then a slight decrease again in 2021. However, overall, there is a slight upward trend in the average time taken to pay invoices.
Volatility Analysis
BUNZL UK LIMITED has shown some volatility in their payment terms, with changes in the percentage of invoices paid within 30 days and between 31 and 60 days. The biggest change occurred in 2018, with a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. There has been some fluctuation since then, but not as significant.
Summary Analysis
In the past three periods, BUNZL UK LIMITED has shown a slight increase in the average time taken to pay invoices, with the highest average of 70 days in 2020. However, there was a slight decrease in 2021, with an average of 69 days. In terms of payments made within agreed terms, there was an improvement in 2021, with 58% of invoices paid within 60 days, compared to 59% in 2020. The best period for early payment was in 2021, with 12% of invoices paid within 30 days, while the worst period was in 2018, with only 9% of invoices paid within 30 days. The shortest standard payment period has remained consistent at 75 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Bunzl UK Limited does not operate with standard payment terms and negotiates payment terms individually with suppliers based on the commercial situation and these payment terms are not specifically dependent on their product/service or company size. Terms can be either a set number of days from receipt of goods or date of invoice, or end of month plus a set number of days after receipt of goods or date of invoice. The agreed payment terms with suppliers range from payable immediately to the longest agreed payment terms which are payable 90 days from the end of month with the standard payment terms reported (of 75 days) the most frequently used.
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
104
Dispute Resolution Process
Bunzl works closely with its suppliers to resolve any dispute in a cordial fashion. Queries raised by the supplier are dealt with by the relevant Accounts payable team in the first instance. Depending on the issue, the Procurement team may be involved to resolve any disputes or issues.
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
