BRAVISSIMO LIMITED
Company Information
- Company Number
- 03315389
- Registered Address
- Bravissimo Hq 1 Athena Drive, Tachbrook Park, Warwick, England, CV34 6RQ
- Status
- Active
- Employee Count
- 449
- Turnover
- £58,109,000
- EBITDA
- £2,238,000
Additional Details
- Website
- https://www.bravissimo.com/
- Company Type
- Private limited Company
- Incorporated On
- 10 February 1997
- Nature of Business
- 47710 - Retail sale of clothing in specialised stores
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for Bravissimo Limited's average time to pay invoices has fluctuated over the last three periods. In the first period, from Nov 2017 to Apr 2018, the company took an average of 47 days to pay invoices. This decreased to 48 days in the second period, from May 2018 to Oct 2018, before increasing to 51 days in the third period, from Nov 2018 to Apr 2019. However, in the most recent period from May 2021 to Oct 2021, the company's average time to pay invoices decreased to 46 days.
Volatility Analysis
The volatility in Bravissimo Limited's average time to pay invoices can be seen in the changes between periods. The biggest increase was from the second period, May 2018 to Oct 2018, to the third period, Nov 2018 to Apr 2019, with a 3-day increase in the average time to pay. The biggest decrease was from the third period to the most recent period, with a 5-day decrease in the average time to pay.
Summary Analysis
In the last three periods, Bravissimo Limited's average time to pay invoices has fluctuated, with a decrease of 1 day in the most recent period compared to the first period. The percentage of invoices paid within 30 days has remained relatively consistent at around 22-25%, while the percentage of invoices paid between 31-60 days has also stayed consistent at around 49-51%. However, the percentage of invoices paid later than 60 days has fluctuated, with the highest being in the second period, from May 2020 to Oct 2020, at 59%. The company has consistently maintained a 0% rate of not paying invoices within agreed terms.
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 Nov 2021 - 30 Apr 2022 | 01 Jun 2022 | 44 | 23% | 50% | 27% | 25% |
| 01 May 2021 - 31 Oct 2021 | 01 Jun 2022 | 46 | 22% | 51% | 27% | 26% |
| 01 Nov 2020 - 30 Apr 2021 | 01 Jun 2022 | 47 | 23% | 49% | 28% | 44% |
| 01 May 2020 - 31 Oct 2020 | 01 Jun 2022 | 84 | 14% | 27% | 59% | 66% |
| 01 Nov 2019 - 30 Apr 2020 | 01 Jun 2022 | 54 | 18% | 46% | 36% | 40% |
| 01 May 2019 - 31 Oct 2019 | 01 Jun 2022 | 46 | 20% | 54% | 26% | 40% |
| 01 Nov 2018 - 30 Apr 2019 | 01 Jun 2022 | 51 | 20% | 51% | 29% | 36% |
| 01 May 2018 - 31 Oct 2018 | 01 Jun 2022 | 48 | 25% | 51% | 24% | 38% |
| 01 Nov 2017 - 30 Apr 2018 | 01 Jun 2022 | 47 | 25% | 52% | 23% | 37% |
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's policy is to agree terms of payment with suppliers when agreeing terms of each transaction. Typically, payment terms for product suppliers range between 45 - 90 days. Overheads are generally on 30 day terms whilst Rents are paid in advance on the relevant quarter days
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
90
Dispute Resolution Process
The Finance Department ensures that good relationships with suppliers are maintained. Any queries raised by suppliers are referred initially to the Finance Department who will liaise with the supplier by phone/E Mail to reach a mutual agreement. If disputes cannot be settled by this process, the matter will be escalated to the Financial Controller and where appropriate to the relevant Supply Manager
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
Company Summary
BRAVISSIMO LIMITED is a British clothing and lingerie retailer that offers a range of products designed specifically for women with larger bust sizes. The company was founded in 1995 and has since become a popular destination for women looking for stylish and supportive clothing.
The company's sustainability program is centered around reducing their environmental impact and promoting ethical business practices. They have implemented measures such as using sustainable materials in their products, reducing waste in their supply chain, and supporting fair labor practices.
BRAVISSIMO LIMITED offers a wide range of products including lingerie, swimwear, clothing, and accessories. Their focus on catering to women with larger bust sizes sets them apart from other retailers, and they are committed to providing high-quality, comfortable, and stylish options for this market.
The key people at BRAVISSIMO LIMITED include the founder and CEO, Sarah Tremellen, who started the company to address the lack of options for women with large bust sizes. The company also has a team of experienced designers, buyers, and customer service representatives who are dedicated to providing the best possible experience for their customers.
The company's website, www.bravissimo.com, is a user-friendly platform where customers can shop for products, read about their sustainability efforts, and find information about their stores and services. BRAVISSIMO LIMITED's registered office address is Leamington Spa, Warwickshire, CV31 3HH, United Kingdom.
In summary, BRAVISSIMO LIMITED is a British retailer that offers a variety of products for women with larger bust sizes, with a strong focus on sustainability and ethical practices. Their commitment to providing high-quality and stylish options, along with their dedicated team and user-friendly website, has made them a popular choice for many women.
