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.
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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
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.
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