Industry ranking
The data for BROOKSON LIMITED shows a consistent decrease in the average time taken to pay invoices over the past three periods, with a drop of 9 percentage points between 2017-10-01 and 2022-09-30. This indicates an improvement in the company's payment efficiency over time.
There is a slight fluctuation in the percentage of invoices paid within 30 days, with a peak of 66% in the period of 2019-10-01 to 2020-03-31 and a low of 56% in the most recent period of 2021-10-01 to 2022-03-31. However, overall there is a consistent trend of improvement in this category.
In summary, the data for BROOKSON LIMITED shows a consistent improvement in the average time taken to pay invoices, with a decrease of 9 percentage points over the past three periods. The company has also shown a positive trend towards prompt payment, with decreases in the percentage of invoices paid later than 60 days and not paid within agreed terms. However, there is some volatility in the percentage of invoices paid within 30 days, indicating a need for further improvement in timely payments for the company.
| 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 2022 - 30 Sept 2022 | 23 Jan 2023 | 26 | 63% | 32% | 4% | 87% |
| 01 Oct 2021 - 31 Mar 2022 | 23 Jan 2023 | 32 | 56% | 34% | 10% | 88% |
| 01 Apr 2021 - 30 Sept 2021 | 23 Jan 2023 | 29 | 62% | 33% | 5% | 76% |
| 01 Oct 2020 - 31 Mar 2021 | 23 Jan 2023 | 32 | 56% | 38% | 6% | 83% |
| 01 Apr 2020 - 30 Sept 2020 | 23 Jan 2023 | 34 | 52% | 40% | 8% | 87% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 27 | 66% | 29% | 5% | 23% |
| 01 Apr 2019 - 30 Sept 2019 | 27 Nov 2019 | 30 | 59% | 31% | 10% | 61% |
| 01 Oct 2017 - 31 Mar 2018 | 23 Aug 2018 | 36 | 47% | 41% | 13% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We process a weekly payment run on a Wednesday to clear by BACS on the Friday, that captures all invoices due to the following Sunday. Given this timing period, some invoices may be paid outside of the payment terms by 1-7 days dependent on due dates when the payment run is compiled.
Maximum contractual payment period agreed
121
Escalated to relevant department head who procured
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
Brookson Limited is a company registered in Warrington, incorporated in November 1995. It was originally registered as Brookson Engineering Limited before adopting its current name in 1999. According to Companies House records, its nature of business is classified under accounting and auditing activities. The company remains active, with accounts most recently filed to 31 December 2024 and a confirmation statement dated October 2025. No further detail on specific services or client base is available from the supplied evidence, but the registered SIC classification indicates the company operates within accountancy and tax related activities.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk