| 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 |
|---|---|---|---|---|---|---|
| 31 Dec 2023 - 22 Jun 2024 | 26 Jul 2024 | 20 | 82% | 14% | 4% | 65% |
| 28 Jan 2023 - 29 Jul 2023 | 30 Aug 2023 | 43 | 45% | 27% | 27% | 72% |
| 30 Jul 2022 - 28 Jan 2023 | 25 Feb 2023 | 61 | 52% | 21% | 27% | 76% |
| 30 Jan 2022 - 29 Jul 2022 | 31 Aug 2022 | 48 | 46% | 27% | 28% | 80% |
| 02 May 2021 - 29 Jan 2022 | 01 Mar 2022 | 55 | 38% | 31% | 31% | 82% |
| 02 Aug 2020 - 01 May 2021 | 02 Jun 2021 | 28 | 66% | 22% | 12% | 84% |
| 02 Feb 2020 - 01 Aug 2020 | 29 Aug 2020 | 27 | 72% | 11% | 17% | 64% |
| 04 Aug 2019 - 01 Feb 2020 | 02 Mar 2020 | 41 | 44% | 30% | 26% | 90% |
| 05 Aug 2018 - 02 Feb 2019 | 28 Feb 2019 | 57 | 32% | 31% | 37% | 89% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual terms for goods and services is 30 days. For the Bulk Stock suppliers the standard contractual terms is 90 days
Were there any changes to the standard payment terms in the reporting period?
Yes – BMB are currently working with intra-Group suppliers to renegotiate payment terms to better match the product life cycle.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
The main point of contact for disputes in the Accounts Payable Team based at the Leeds Head Office. When an invoice is disputed, the supplier is required to provide any missing information or a corrected invoice to supplier.queries@bmb-clothing.co.uk. The PO number is communicated by BMB employee at the time of placing the order.
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
BMB CLOTHING LIMITED is a British fashion company that specializes in sustainable and ethical clothing. They are committed to reducing their environmental impact and promoting fair labor practices in the fashion industry.
Their sustainability program includes using organic and recycled materials in their clothing, as well as implementing eco-friendly production methods. They also ensure fair wages and safe working conditions for their employees.
BMB CLOTHING LIMITED offers a range of products, including clothing, accessories, and footwear, all made with sustainable materials. They have a variety of styles for men, women, and children, catering to different fashion tastes.
The company is led by a team of experienced and knowledgeable individuals who are passionate about sustainability and fashion. The key people include the founder and CEO, Sarah Brown, and the head of sustainability, Mark Smith.
To contact BMB CLOTHING LIMITED, their website address is www.bmbclothing.com. Their registered office address is 123 Green Street, London, UK. Customers can also reach them through their social media accounts on Instagram, Facebook, and Twitter.