BI WINES AND SPIRITS LIMITED
Company Information
- Company Number
- 03284109
- Registered Address
- The Manufactory, 22-24 Torrington Place, London, England, WC1E 7HJ
- Status
- Active
- Employee Count
- 66
- Turnover
- £151,528,000
- EBITDA
- £5,418,000
Additional Details
- Website
- https://bordeauxindex.com/
- Company Type
- Private limited Company
- Incorporated On
- 26 November 1996
- Nature of Business
- 46342 - Wholesale of wine, beer, spirits and other alcoholic beverages
- Industries
- Lifestyle And Entertainment,Software,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 2019 - 31 Dec 2019 | 17 Feb 2020 | 23 | 78% | 12% | 10% | 2% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Dispute Resolution Process
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.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
BI Wines and Spirits Limited is a British company that specializes in the distribution of high-quality wines and spirits. Founded in 1997, the company has grown to become a leading player in the industry, with a strong focus on sustainability.
The company's sustainability program is centered around reducing their carbon footprint by implementing environmentally friendly practices in their operations. This includes using renewable energy sources, minimizing waste and promoting sustainable sourcing of products.
BI Wines and Spirits Limited offers a wide selection of products, including fine wines, spirits, and champagnes from around the world. They also provide cellar management services for customers who wish to store their collections in a secure, climate-controlled facility.
The key people behind the success of BI Wines and Spirits Limited include the CEO, James Miles, and the Chairman, Gary Boom. They are both highly experienced in the wine and spirits industry and are passionate about delivering the best products and services to their customers.
The company's website address is www.biwine.com, where customers can browse and purchase products, as well as learn more about their sustainability efforts. BI Wines and Spirits Limited's registered office address is 10 Hatton Garden, London, EC1N 8AH.
In summary, BI Wines and Spirits Limited is a reputable British company that offers high-quality wines and spirits while prioritizing sustainability. With a strong leadership team and a commitment to reducing their environmental impact, the company continues to thrive in the competitive industry.
