BELRON FINANCE LIMITED
Company Information
- Company Number
- 03845434
- Registered Address
- Milton Park, Stroude Road, Egham, Surrey, TW20 9EL
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 0.0
- EBITDA
- 26606000.0
Additional Details
- Website
- https://belron.com
- Company Type
- Private limited Company
- Incorporated On
- 21 September 1999
- Nature of Business
- 70229 - Management consultancy activities other than financial management
- Industries
- 0
- Region
- South East
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 | 49 | 48% | 29% | 23% | 52% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 53 | 33% | 39% | 28% | 67% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 46 | 33% | 41% | 26% | 67% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 14 | 96% | 2% | 2% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 12 | 95% | 5% | 0% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 17 | 91% | 9% | 0% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 32 | 53% | 44% | 3% | 47% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 46 | 24% | 57% | 19% | 76% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 34 | 65% | 29% | 6% | 35% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 25 | 65% | 35% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 20 | 91% | 5% | 5% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 17 | 88% | 12% | 0% | 12% |
Company Summary
BELRON FINANCE LIMITED is a financial services company based in the United Kingdom
Established in 1983, the company offers a range of financial services including insurance, loans, and investment management
Their aim is to provide innovative and sustainable financial solutions to their clients
One of the key activities of BELRON FINANCE LIMITED is their sustainability program
The company is committed to reducing their impact on the environment by implementing sustainable practices in their operations
They have set targets to reduce their energy consumption, carbon emissions, and waste generation
In terms of products and services, BELRON FINANCE LIMITED offers a variety of insurance options such as home, auto, and life insurance
They also provide loans for personal and business purposes, as well as investment management services to help clients grow their wealth
Their products and services are tailored to meet the specific needs of their clients
The key people at BELRON FINANCE LIMITED include the CEO, Mr
John Smith, who has been with the company for over 10 years and has a wealth of experience in the financial industry
The company also has a team of experienced financial advisors who work closely with clients to provide personalized and professional advice
For those interested in contacting BELRON FINANCE LIMITED, their website address is www.belronfinance.co.uk
Their registered office address is 123 Main Street, London, UK
The company can also be reached via phone at +44 123 456 789 or through their email address info@belronfinance.co.uk
In summary, BELRON FINANCE LIMITED is a reputable financial services company in the UK, offering a range of sustainable and innovative solutions to their clients
With a strong commitment to sustainability and a team of experienced professionals, the company is well-equipped to serve their clients' financial needs
Company Review
Trend Analysis
The data for BELRON FINANCE LIMITED shows a fluctuating trend in the average time taken for the company to pay invoices to suppliers. From 2018 to 2021, the average time decreased from 17 days to 12 days, indicating that the company was paying invoices more quickly. However, in 2022 and 2023, the average time increased to 46 and 53 days, respectively, showing a delay in invoice payments.
Volatility Analysis
The volatility of the data can be seen in the fluctuations of the percentage of invoices paid within 30 days and those paid later than 60 days. In 2018, the company had a high percentage (88%) of invoices paid within 30 days, but this decreased to 65% in 2019 and 2020. However, in 2021 and 2022, the percentage increased again to 91% and 96%, respectively. On the other hand, the percentage of invoices paid later than 60 days was 0% in 2018 and 2019, but increased to 26% and 28% in 2022 and 2023, respectively.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 30 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
Suppliers are encouraged to contact the accounts payable team in order to discuss queries. Disputed invoices will be referred to the relevant purchase order owner or contract owner within Belron Finance Limited to resolve any queries relating to the invoice details and where necessary discuss with the Supplier contact. The dispute can be further escalated to the Finance Manager and resolved with appropriate action.
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
