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

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

Failed to initialize map

Financial Metrics

Cash
£153,686,000.00
Net Worth
£104,502,000.00
Total Current Assets
£611,130,000.00
Total Current Liabilities
£524,126,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-02-05

Time to Pay

Average Time to Pay
65 days
Shortest Period:75 days
Longest Period:0 days
Max Contractual:104 days

Payment Timeline

Within 30 Days
14%
31-60 Days
33%
After 60 Days
53%
Not Paid Within Terms43%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
Supply Chain Finance✓ Yes

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 2018020406080

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 2018015304560

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202305 Feb 20246514%33%53%43%
01 Jan 2023 - 30 Jun 202331 Jul 20236514%32%54%44%
01 Jul 2022 - 31 Dec 202231 Jan 20236413%34%53%44%
01 Jan 2022 - 30 Jun 202229 Jul 20226814%30%56%46%
01 Jul 2021 - 31 Dec 202102 Feb 20226513%36%51%44%
01 Jan 2021 - 30 Jun 202130 Jul 20216912%30%58%28%
01 Jul 2020 - 31 Dec 202029 Jan 20216413%35%52%42%
01 Jan 2020 - 30 Jun 202030 Jul 20207011%30%59%39%
01 Jul 2019 - 31 Dec 201931 Jan 20206613%32%55%43%
01 Jan 2019 - 30 Jun 201901 Aug 20194510%32%58%45%
01 Jul 2018 - 31 Dec 201831 Jan 20196910%33%57%53%
01 Jan 2018 - 30 Jun 201826 Jul 2018689%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