BETTERBATHROOMS (UK) LIMITED has shown a steady increase in the average time taken to pay invoices over the past three periods, with an increase of 9% from 2018-04-01 to 2019-09-30.
The company's volatility in terms of paying invoices has also increased over the same period, with a 9% increase in the percentage of invoices paid later than 60 days.
From 2018-04-01 to 2019-09-30, BETTERBATHROOMS (UK) LIMITED has seen a 9% increase in the average time taken to pay invoices, with a corresponding increase in the percentage of invoices paid later than 60 days. The company has also shown a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days.
| 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 | 30 Oct 2018 | 30 | 61% | 33% | 6% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are calculated as days from the end of the month the invoice is dated with some isolated exceptions.
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
90
The company would investigate the reasons for any dispute, referring to the relevant department within the business. Ultimate sign off in relation to any disputes would be with the Company Finance Director and CEO.
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
BETTERBATHROOMS (UK) LIMITED is a dissolved private limited company, incorporated on 5 December 2003, based in the Yorkshire and The Humber region. Registered business activity: Other retail sale of new goods in specialised stores (not commercial art galleries and opticians); Retail sale via mail order houses or via Internet.
From Companies House records.