BRADFORD BINGLEY LIMITED
Company Information
- Company Number
- 03938288
- Registered Address
- The Waterfront, Salts Mill Road, Shipley, England, BD17 7EZ
- Status
- Active
- Employee Count
- 55
- Turnover
- £12,106,000
- EBITDA
- -£12,599,000
Additional Details
- Website
- https://www.bbg.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 28 February 2000
- Nature of Business
- 64922 - Activities of mortgage finance companies
- Industries
- Financial Services,Travel And Transportation
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for the average time taken for BRADFORD & BINGLEY LIMITED to pay invoices to suppliers has fluctuated over the past three periods. In the first period (Apr 2018-Sep 2018), the average time was 37 days, which decreased to 15 days in the second period (Oct 2018-Mar 2019), and then increased to 24 days in the third period (Apr 2019-Sep 2019). However, in the most recent period (Oct 2021-Mar 2022), the average time has increased to 53 days.
Volatility Analysis
There is a high degree of volatility in the percentage of invoices paid within 30 days for BRADFORD & BINGLEY LIMITED. In the first period, 84% of invoices were paid within 30 days, which decreased to 78% in the last period. The percentage of invoices paid between 31 and 60 days has also varied, with the highest being 14% in the last period. Additionally, there has been a significant increase in the percentage of invoices paid later than 60 days, from 2% in the second period to 8% in the last period.
Summary Analysis
In the first period (Apr 2018-Sep 2018), BRADFORD & BINGLEY LIMITED had an average time of 37 days to pay invoices, with 84% of invoices paid within 30 days. However, there was a decrease in the average time to pay in the second period (Oct 2018-Mar 2019), with only 2% of invoices paid between 31 and 60 days. The third period (Apr 2019-Sep 2019) saw an increase in the average time to pay, but 93% of invoices were still paid within 30 days. In the most recent period (Oct 2021-Mar 2022), there has been a significant increase in the average time to pay, with only 78% of invoices paid within 30 days and 14% of invoices paid between 31 and 60 days.
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 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 53 | 78% | 14% | 8% | 23% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 21 | 91% | 7% | 2% | 9% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 29 | 84% | 9% | 7% | 17% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 22 | 91% | 5% | 4% | 27% |
| 01 Oct 2019 - 31 Mar 2020 | 23 Apr 2020 | 16 | 98% | 1% | 1% | 6% |
| 01 Apr 2019 - 30 Sept 2019 | 11 Oct 2019 | 24 | 93% | 7% | 0% | 32% |
| 01 Oct 2018 - 31 Mar 2019 | 15 Apr 2019 | 15 | 95% | 2% | 3% | 33% |
| 01 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 37 | 84% | 8% | 7% | 33% |
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
Invoices which are valid and properly submitted in accordance with the agreed terms and conditions of contract are payable with 30 days following the date on which the invoice is received (unless the invoice is disputed). Where appropriate, contractual provisions are included to provide the supplier with a remedy for late payment of invoices (i.e. applying interest).
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
Dispute resolution procedures are typically included in the contract and set out escalation procedures/default positions if disputes cannot be resolved between the contracting parties. A Potential Supplier Dispute Management process forms part of UKAR/s Procurement Policy. This process sets out how potential supplier disputes should be notified and addressed internally to ensure the right business functions are engaged.
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.
❌
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
Bradford & Bingley Limited is a British financial services company that offers a range of banking, mortgage, and insurance products to its customers. The company was founded in 1964 and is headquartered in Bingley, West Yorkshire.
The company's sustainability program focuses on reducing its carbon footprint and promoting environmentally-friendly practices. They have implemented energy-efficient measures in their buildings and have reduced their paper usage through digital processes. They also offer sustainable banking options, such as paperless statements and online banking, to their customers.
Bradford & Bingley's products and services include current and savings accounts, mortgages, personal loans, credit cards, and insurance. They also offer financial planning and investment services to help customers manage their money effectively.
Some key people in the company include the Chairman, Robin Ashton, and the CEO, Richard Coates. They are supported by a team of experienced executives who oversee the different aspects of the company's operations.
To contact Bradford & Bingley, customers can visit their website at www.bradfordandbingley.co.uk, where they can find information about their products and services, as well as access online banking. The company's registered office is located at Croft Road, Crossflatts, Bingley, West Yorkshire, BD16 2UA.
In conclusion, Bradford & Bingley Limited is a reputable financial services company in the UK that offers sustainable products and services while actively promoting environmental responsibility. With a strong leadership team and a commitment to providing quality services, the company continues to serve its customers and contribute to the financial well-being of the community.
