BUSY BEES NURSERIES LIMITED
Company Information
- Company Number
- 03454787
- Registered Address
- Busy Bees At St Matthews, Shaftsbury Drive, Burntwood, Staffordshire, WS7 9QP
- Status
- Active
- Employee Count
- 5543.0
- Turnover
- 255999000.0
- EBITDA
- 53787000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 24 October 1997
- Nature of Business
- 85100 - Pre-primary education
- Industries
- Education,Healthcare And Wellbeing
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 46 | 31% | 56% | 13% | 29% |
| 01 Jan 2023 - 30 Jun 2023 | 09 Aug 2023 | 47 | 30% | 55% | 15% | 24% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Feb 2023 | 69 | 22% | 54% | 24% | 37% |
| 01 Jan 2022 - 30 Jun 2022 | 04 Aug 2022 | 55 | 24% | 53% | 23% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 04 Feb 2022 | 58 | 6% | 71% | 23% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 56 | 6% | 78% | 16% | 26% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 55 | 2% | 77% | 21% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 58 | 4% | 70% | 26% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 54 | 10% | 64% | 26% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 02 Aug 2019 | 60 | 14% | 56% | 30% | 36% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 64 | 17% | 48% | 35% | 65% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 60 | 16% | 52% | 32% | 46% |
Company Summary
BUSY BEES NURSERIES LIMITED is a leading provider of high-quality childcare services in the United Kingdom
Established in 1984, the company operates over 360 nurseries across the country, catering to the needs of over 35,000 children
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes using eco-friendly materials in their nurseries, promoting recycling and energy conservation, and sourcing local and organic produce for their meals
BUSY BEES offers a range of services for children aged 0-5 years, including full-time and part-time care, preschool education, and holiday clubs
Their nurseries are equipped with state-of-the-art facilities and staffed with highly qualified and experienced early years practitioners
The key people at BUSY BEES include the CEO, Simon Irons, and the Managing Director, Marg Randles
They are supported by a team of dedicated professionals who are committed to providing the best possible care for children
The company's website (www.busybees.com) provides comprehensive information about their services, locations, and contact details
Their registered office is located at 4th Floor, 9 Exchange Place, Glasgow, G1 3AN
In summary, BUSY BEES NURSERIES LIMITED is a reputable childcare provider in the UK, known for its commitment to sustainability and high-quality care
With a team of dedicated professionals and a wide range of services, the company continues to be a top choice for parents looking for reliable and nurturing childcare
Company Review
Trend Analysis
The trend for BUSY BEES NURSERIES LIMITED shows that the average time taken to pay invoices has fluctuated over the past three periods, with a slight decrease in 2023 compared to the previous two periods. The percentage of invoices paid within 30 days has also decreased, while the percentage of invoices paid between 31 and 60 days has increased. The percentage of invoices paid later than 60 days has remained relatively consistent.
Volatility Analysis
The volatility for BUSY BEES NURSERIES LIMITED can be seen in the fluctuation of the average time taken to pay invoices, as well as the percentages of invoices paid within 30 days and between 31 and 60 days. The highest volatility can be seen in the percentage of invoices paid within 30 days, which has decreased by 14% from 2018 to 2023.
Summary Analysis
Overall, the trend for BUSY BEES NURSERIES LIMITED shows that the company has taken longer to pay invoices over the past three periods, with the average time increasing from 60 days in 2018 to 69 days in 2023. This trend is also reflected in the decrease of invoices paid within 30 days and the increase of invoices paid between 31 and 60 days. However, the company has made improvements in paying invoices later than 60 days, with a decrease of 9% from 2018 to 2023. The highest percentage of invoices not paid within agreed terms was seen in 2018, with 65% of invoices paid between 31 and 60 days. The company has consistently maintained a shortest (or only) standard payment period of 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard payment term is 30 days end of month (30 days EOM). Payments are made on the basis of 30 days end of month terms as standard. So an invoice dated 16/11/23 would be due for payment 31/12/23. This could stretch to 60 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
30
Dispute Resolution Process
Any dispute or complaint will be considered by the Purchase Ledger Administrators and Purchase Ledger Manager as soon as the issue is raised. They will communicate with suppliers and relevant department internally in order to achieve a resolution as soon as possible.
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.
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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
