Ranked in 3 industries
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| 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 2024 - 30 Jun 2024 | 27 Aug 2024 | 52 | 19% | 51% | 30% | 29% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Apr 2024 | 47 | 21% | 55% | 24% | 23% |
| 01 Jan 2023 - 30 Jun 2023 | 16 Aug 2023 | 53 | 17% | 55% | 28% | 37% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 51 | 15% | 55% | 30% | 35% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 52 | 11% | 61% | 28% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed with suppliers before entering into commercial contracts. Our standard and most common terms are 45 days from end-of-month (makes up 31% of invoices paid in this period).
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
Our accounts payable department are contactable by email to resolve any invoice or payment processing queries as soon as possible. Disputes relating to quality, quantity or price differences are investigated by our procurement and supply chain departments and communicated to the supplier to reach a resolution.
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
The BART Ingredients Co. Ltd, trading as The BART Ingredients Company, manufactures herbs, spices and food ingredients from its Bristol registered office, with an additional factory in Newbury. It produces wet ingredients such as sauces, pastes, marinades and relishes, and dry ingredients including whole spices, herbs, seasoning blends and baking products, supplying UK food retailers and brands under both branded and private label arrangements. It also offers packaging and contract packing services. Registered under SIC code for manufacture of condiments and seasonings, the company traces its roots to a Bristol garage business founded in 1963 and is now part of the Fuchs Gruppe, a privately owned group of food businesses.
Generated from the company's website and Companies House records. Sources: bart-ingredients.co.uk · bart-ingredients.co.uk · bart-ingredients.co.uk