BIGHAMS LIMITED exhibits a consistent trend of payments extending beyond the standard 30-day period, with an average payment time of 38 days. A significant majority of payments (59%) settle between 31 and 60 days, indicating this as their primary payment window. Only 23% of invoices are paid within 30 days, suggesting that prompt payment is not a typical practice.
The company demonstrates notable unpredictability in meeting standard payment terms, with 68% of all payments being late. While most payments fall into the 31-60 day range, the 18% of payments extending beyond 60 days introduces a material risk of significantly delayed cash flow. This spread indicates that while payments are generally made, the exact timing, particularly for a portion, remains reliably extended and potentially erratic.
Suppliers should anticipate BIGHAMS LIMITED to consistently pay invoices between 31 and 60 days, requiring adjustments to their own cash flow forecasting. Due to 68% of payments being late and 18% exceeding 60 days, it is recommended to establish clear credit terms that align with a 30-60 day payment window. To mitigate financial risk, suppliers may consider negotiating shorter payment terms, upfront deposits, or establishing higher credit limits to cover the extended payment cycles.
| 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 Oct 2024 - 28 Feb 2025 | 28 Mar 2025 | 38 | 23% | 59% | 18% | 68% |
| 01 Mar 2023 - 31 Aug 2023 | 30 Jan 2025 | 36 | 8% | 86% | 6% | 81% |
| 01 Sept 2022 - 28 Feb 2023 | 30 Jan 2025 | 35 | 14% | 80% | 6% | 81% |
| 01 Mar 2022 - 31 Aug 2022 | 30 Jan 2025 | 42 | 9% | 70% | 21% | 84% |
| 01 Sept 2021 - 28 Feb 2022 | 30 Jan 2025 | 44 | 25% | 45% | 30% | 68% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Jan 2025 | 50 | 13% | 52% | 35% | 72% |
| 01 Sept 2020 - 28 Feb 2021 | 30 Jan 2025 | 48 | 6% | 72% | 22% | 86% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Jan 2025 | 47 | 4% | 74% | 22% | 88% |
| 01 Sept 2019 - 28 Feb 2020 | 30 Jan 2025 | 45 | 4% | 79% | 17% | 87% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Jan 2025 | 46 | 6% | 77% | 17% | 88% |
| 01 Sept 2018 - 28 Feb 2019 | 30 Jan 2025 | 49 | 8% | 77% | 15% | 92% |
| 01 Mar 2018 - 31 Aug 2018 | 30 Jan 2025 | 50 | 5% | 74% | 21% | 95% |
| 01 Sept 2017 - 28 Feb 2018 | 30 Jan 2025 | 51 | 6% | 70% | 24% | 93% |
| 01 Mar 2017 - 31 Aug 2017 | 30 Jan 2025 | 49 | 7% | 61% | 32% | 93% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The headline number of 68% overdue reported above was driven by our weekly payment cycle as only 17% are more than 6 days overdue.
Maximum contractual payment period agreed
60
Disputes are resolved by discussions with the relevant parties
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
BIGHAMS LIMITED operates as an active private limited company. This legal structure allows businesses in the UK to conduct commercial activities while providing limited liability for its shareholders.
Incorporated on 2 August 1996, BIGHAMS LIMITED holds company number 03233191. The company's registered office is situated at 2 Mcnicol Drive, London, NW10 7AW, indicating its base of operations in London.
As a private limited company, BIGHAMS LIMITED, like many entities of this type in the UK, is structured to engage in a broad spectrum of commercial ventures. These commonly include the provision of services, manufacturing, retail, or acting as investment vehicles across diverse industry sectors.