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

Cash
£1,980,000.00
Net Worth
£130,696,000.00
Total Current Assets
£8,310,000.00
Total Current Liabilities
£80,013,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
46 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
31%
31-60 Days
56%
After 60 Days
13%
Not Paid Within Terms29%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20244631%56%13%29%
01 Jan 2023 - 30 Jun 202309 Aug 20234730%55%15%24%
01 Jul 2022 - 31 Dec 202210 Feb 20236922%54%24%37%
01 Jan 2022 - 30 Jun 202204 Aug 20225524%53%23%33%
01 Jul 2021 - 31 Dec 202104 Feb 2022586%71%23%21%
01 Jan 2021 - 30 Jun 202130 Jul 2021566%78%16%26%
01 Jul 2020 - 31 Dec 202030 Jan 2021552%77%21%30%
01 Jan 2020 - 30 Jun 202030 Jul 2020584%70%26%22%
01 Jul 2019 - 31 Dec 201931 Jan 20205410%64%26%31%
01 Jan 2019 - 30 Jun 201902 Aug 20196014%56%30%36%
01 Jul 2018 - 31 Dec 201831 Jan 20196417%48%35%65%
01 Jan 2018 - 30 Jun 201830 Jul 20186016%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.

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