| 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 2020 - 30 Jun 2021 | 23 Mar 2022 | 44 | 61% | 30% | 9% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
End of the month following receipt of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
61
Any disputes are dealt with by Accounts Payable. This involves prompt communication via a phone call and/or an email to ensure any disputes are sorted in a timely manner.
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
Bayford & Co Ltd is registered with SIC codes for letting and operating property and for head office activities, and its address is the Bowcliffe Hall Estate, the site of the wider Bayford Group's headquarters. The Bayford Group itself is a longstanding family business that began in coal merchanting in 1919 and has since diversified into energy supply, oil distribution, fuel cards, property investment and hospitality, including estate venues used for weddings and private hire. The group also holds investments in EV charging infrastructure and multi-utility installation. This company appears to function as a head office or property-holding entity within that wider group structure rather than as an operating trading business in its own right.
Generated from the company's website and Companies House records. Sources: bayford.co.uk · bayford.co.uk