BESTWAY RETAIL LIMITED
Company Information
- Company Number
- 04103203
- Registered Address
- 2 Abbey Road, London, NW10 7BW
- Status
- Active
- Employee Count
- 1,114
- Turnover
- £244,517,000
- EBITDA
- £6,785,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 November 2000
- Nature of Business
- 46390 - Non-specialised wholesale of food, beverages and tobacco47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating47250 - Retail sale of beverages in specialised stores
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 24 Jul 2025 | 23 | 79% | 19% | 2% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 32 | 72% | 21% | 7% | 6% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 21 | 92% | 7% | 1% | 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
Bestway agree standard payment terms that vary between 7 and 90 days depending on size of supplier and products they sell. Most suppliers are currently paid on weekly payment runs.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Invoices in dispute go on hold, and are discussed between the Accounts Department, Trading and the Supplier. Once resolved, the invoice will go forward for payment in accordance with its normal payment terms. If resolved after the payment due date, the invoice is paid on the supplier’s next payment run.
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
Company Summary
BESTWAY RETAIL LIMITED is a leading UK-based retail company that operates a chain of convenience stores, supermarkets and wholesale stores. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company's sustainability program includes energy-efficient practices such as using LED lighting and implementing waste reduction measures. They also prioritize sourcing products from sustainable and ethical suppliers, as well as promoting recycling and reducing plastic usage in their stores.
BESTWAY RETAIL LIMITED offers a wide range of products and services to meet the needs of their customers. They offer groceries, household items, fresh produce, and a variety of other goods at competitive prices in their stores. They also provide delivery and online shopping options for added convenience.
The key people leading BESTWAY RETAIL LIMITED include the CEO, Naser Khan, who has over 20 years of experience in the retail industry. The company also has a dedicated team of sustainability experts who oversee the implementation of their sustainability program.
Customers can contact BESTWAY RETAIL LIMITED through their website, which also provides information on their products, services, and store locations. The registered office address for the company is Bestway House, 2 Abbey Road, Park Royal, London, NW10 7BW.
In conclusion, BESTWAY RETAIL LIMITED is a reputable retail company in the UK that is committed to sustainability and offers a wide range of products and services to its customers. With strong leadership and a dedicated sustainability program, the company continues to make a positive impact on the environment and the community.
