Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
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.
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.
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.
| 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 2023 - 30 Apr 2024 | 23 Sept 2024 | 35 | 41% | 46% | 13% | 20% |
| 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Non-stock usually paid on 30 days unless pre-arranged with the supplier. No standard for Stock invoices as depends on the INCO terms and agreements with suppliers
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
AP Supervisor will endeavour to resolve, if additional support required FC or CFO will assist. We will always work with the supplier
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
Bravissimo Limited trades as Bravissimo, a retailer of bras, lingerie and swimwear designed for women with D+ cup sizes. It sells its own exclusive collections alongside partner brands, covering bras, sports bras, swimwear and vest tops, through its website and physical shops. The company is known for offering an extensive size and style range and for providing a distinctive bra fitting service without tape measures. It has operated since 1995, focusing on fit and comfort for larger cup sizes. The registered entity, based in Warwick, sells directly to consumers online and in store.
Generated from the company's website and Companies House records. Sources: bravissimo.com · bravissimo.com