| 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 2019 - 31 Dec 2019 | 17 Feb 2020 | 23 | 78% | 12% | 10% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 04 Dec 2019 | 26 | 75% | 13% | 12% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Jul 2019 | 26 | 73% | 14% | 13% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 11 Jul 2018 | 45 | 65% | 24% | 11% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company does not have standard payment terms. Terms are negotiated with suppliers 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
N/A
Maximum contractual payment period agreed
180
Disputes related to pricing or incorrect quantities are raised by the buying team of BI with their counterparts at the supplier. The suppliers account is placed on hold until the matter is resolved.
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
BI Wines and Spirits Limited trades as Bordeaux Index, a fine wine and spirits merchant founded in 1997. It buys and sells fine wine and rare whisky for collectors and investors, offering cellar management through its My Portfolio tool and live trading via its LiveTrade platform. Services include broking, storage, insurance, valuation and portfolio advisory for private collections, alongside allocations from leading wine estates and distilleries. The business operates internationally, with offices in London, Hong Kong and Singapore, serving both individual collectors and investors treating wine and whisky as alternative assets. Its registered SIC classification covers wholesale of wine, beer, spirits and other alcoholic beverages.
Generated from the company's website and Companies House records. Sources: bordeauxindex.com · bordeauxindex.com