| 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 a British company that specializes in the distribution and sale of fuels and lubricants. The company was founded in 1929 and has since grown to become a leading player in the energy industry.
Their sustainability program focuses on reducing their carbon footprint and promoting renewable energy sources. They have implemented various initiatives such as using biofuels, investing in energy-efficient equipment, and promoting recycling and waste reduction.
Bayford & Co Ltd offers a wide range of products and services, including gasoline, diesel, heating oil, and lubricants for both commercial and residential use. They also offer fuel management services and have a network of fuel stations across the UK.
The company is led by a team of experienced and dedicated professionals, including the Managing Director, Mr. John Smith. They are committed to providing high-quality products and services while also ensuring sustainable practices.
For more information on Bayford & Co Ltd and their products and services, you can visit their website at www.bayford.co.uk. Their registered office address is 12 South Parade, Leeds, LS1 5QS.