THE BARCODE WAREHOUSE LIMITED
Company Information
- Company Number
- 03842666
- Registered Address
- Telford Drive, Newark, Nottinghamshire, United Kingdom, NG24 2DX
- Status
- Active
- Employee Count
- 291
- Turnover
- £57,633,000
- EBITDA
- £1,538,000
Additional Details
- Website
- https://www.bcodedirect.com/
- Company Type
- Private limited Company
- Incorporated On
- 16 September 1999
- Nature of Business
- 18121 - Manufacture of printed labels46510 - Wholesale of computers, computer peripheral equipment and software
- Industries
- Manufacturing, Software
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
THE BARCODE WAREHOUSE LIMITED exhibits a strong trend towards extended payment cycles, with an average payment time of 65 days. Nearly half (49%) of their payments extend beyond 60 days, indicating a consistent pattern of slow payment behavior. This trajectory suggests a habitual delay in settling invoices, with only a negligible 7% paid within the standard 30-day period.
Volatility Analysis
Payment reliability is low, as a significant majority (92%) of payments fall outside typical 30-day terms, with nearly half extending beyond 60 days. This indicates poor predictability for supplier cash flow planning, as payment dates are consistently much later than standard expectations. The primary risk factor for suppliers is the prolonged working capital cycle due to these extensive and somewhat unpredictable delays.
Summary Analysis
Suppliers should approach THE BARCODE WAREHOUSE LIMITED with caution, anticipating significantly extended payment terms averaging 65 days. Key decision factors include the supplier's ability to absorb long payment cycles and the strategic importance of this client's volume. Risk mitigation strategies should consider negotiating stricter payment terms, requiring upfront payments for initial orders, or adjusting pricing to account for the increased cost of financing receivables.
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 May 2019 - 31 Oct 2019 | 27 Nov 2019 | 65 | 7% | 43% | 49% | 7% |
| 01 Oct 2018 - 30 Apr 2019 | 23 May 2019 | 59 | 17% | 45% | 38% | 8% |
| 01 May 2018 - 31 Oct 2018 | 03 Dec 2018 | 68 | 8% | 42% | 50% | 5% |
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
30 days end of month
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
60
Dispute Resolution Process
All disputes are initially dealt with by Accounts Payable. The purchase ledger will contact the relevant purchasing team to resolve the query. A weekly review of disputed invoices is carried out with the account payable function and the purchasing team to aid swift resolution. On resolution, the supplier will be paid in accordance with their payment terms or on the next payment run if payment is already due.
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?
❌
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
THE BARCODE WAREHOUSE LIMITED is an active private limited company that specialises in barcode solutions. Based on its name and company type, it provides services or products related to barcodes and potentially warehousing for businesses.
This company was incorporated on 16 September 1999 and operates under company number 03842666. Its registered office is located in the East Midlands, specifically at Telford Drive, Newark, Nottinghamshire, United Kingdom, NG24 2DX.
In the UK market, companies of this nature typically provide a comprehensive range of barcode-related products and services. These often include the supply and maintenance of barcode scanners, label printers, mobile computing devices, and associated software solutions for inventory management, asset tracking, and logistics.
