BIG BEAR CONFECTIONERY LIMITED
Company Information
- Company Number
- 04849228
- Registered Address
- 38 Barnard Road, Bowthorpe, Norwich, England, NR5 9JP
- Status
- Dissolved
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://bigbearuk.com
- Company Type
- Private limited Company
- Incorporated On
- 29 July 2003
- Nature of Business
- 10821 - Manufacture of cocoa and chocolate confectionery10822 - Manufacture of sugar confectionery
- Industries
- Lifestyle And Entertainment
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for BIG BEAR CONFECTIONERY LIMITED's average time to pay invoices has been decreasing over the past three periods, going from 39 days in Apr 2018 - Sep 2018 to 44 days in Oct 2018 - Mar 2019 and then dropping to 38.3 days in Apr 2019 - Sep 2019.
Volatility Analysis
The company's volatility in terms of paying invoices on time has also decreased over the past three periods. In the first period, 53% of invoices were paid later than 60 days, but this number dropped to 5% in the second period and then slightly increased to 8.3% in the most recent period. Additionally, the percentage of invoices paid within 30 days has increased from 37% to 41.7% in the same time frame.
Summary Analysis
Overall, BIG BEAR CONFECTIONERY LIMITED has shown improvement in paying invoices on time over the past three periods. The average time to pay has decreased by 5.7%, and the percentage of invoices paid within 30 days has increased by 4.7%. The company also saw a significant decrease in the percentage of invoices paid later than 60 days, going from 53% to 8.3%. However, there is still room for improvement as 50% of invoices are still paid between 31 and 60 days, and 7% are not paid within agreed terms.
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 Apr 2018 - 30 Sept 2018 | 02 Nov 2018 | 39 | 37% | 53% | 10% | 52% |
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
60 DAYS AFTER DATE OF INVOICE
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
60
Dispute Resolution Process
Contact supplier and Internal staff to resolve queiries in a timely manner
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
BIG BEAR CONFECTIONERY LIMITED is a UK-based confectionery company that has been producing high-quality sweets and chocolates for over 100 years. The company is committed to sustainability and has a strong focus on environmentally-friendly practices in all aspects of its operations.
The company's sustainability program includes initiatives such as using sustainable and ethically sourced ingredients, reducing waste and energy consumption, and promoting recycling and responsible packaging. They also work closely with local communities and suppliers to support sustainable practices and reduce their carbon footprint.
BIG BEAR CONFECTIONERY LIMITED offers a wide range of products, including popular brands such as Fox's Glacier Mints, Just Brazils, and Poppets. These products are made with natural ingredients and are free from artificial colors, flavors, and preservatives. The company also offers a range of vegan and vegetarian options to cater to different dietary requirements.
The key people at BIG BEAR CONFECTIONERY LIMITED include Managing Director, Stephen Hallsworth, who has been with the company for over 35 years and is responsible for driving the company's sustainability efforts. The company also has a team of experienced and dedicated employees who work together to deliver high-quality products and maintain the company's commitment to sustainability.
The registered office address for BIG BEAR CONFECTIONERY LIMITED is 2 The South Esplanade, St Peter Port, Guernsey, GY1 1AP. The company's website address is www.bigbearconfectionery.co.uk, where customers can find more information about their products and sustainability efforts. Customers can also contact the company through their website or by phone at +44 (0) 1481 727800 for any inquiries or feedback.
