THE BINDING SITE GROUP LIMITED
Company Information
- Company Number
- 05508774
- Registered Address
- 8 Calthorpe Road, Edgbaston, Birmingham, West Midlands, B15 1QT
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 July 2005
- Nature of Business
- 72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Coming Soon
- Region
- Other
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
THE BINDING SITE GROUP LIMITED demonstrates a positive trend for prompt payments, with 62% of invoices settled within 30 days. However, the average payment time of 33 days indicates that a notable portion consistently extends beyond standard 30-day terms, impacting the overall trajectory. The 36% late payment rate further confirms a consistent segment of payments deviates from initial deadlines.
Volatility Analysis
The payment profile exhibits moderate volatility; while over half of payments are reliable within 30 days, a significant 38% fall outside this period, introducing unpredictability. The 36% late payment rate signals a degree of inconsistency in payment predictability, posing a risk to consistent cash flow for suppliers. Specifically, the 6% of payments extending beyond 60 days represents a higher risk factor for significant delays.
Summary Analysis
Overall, THE BINDING SITE GROUP LIMITED presents a moderate payment risk; suppliers can expect a majority of timely payments, but must account for a significant portion experiencing delays. Key decision factors for suppliers should include their own cash flow requirements, as 38% of payments may extend beyond 30 days and 36% are categorized as late. To mitigate risk, suppliers should establish clear payment terms, closely monitor payment cycles, and consider potential credit limits or upfront payments for larger orders.
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 2025 - 30 Sept 2025 | 21 Oct 2025 | 33 | 62% | 32% | 6% | 36% |
| 01 Oct 2024 - 31 Mar 2025 | 28 Apr 2025 | 35 | 59% | 34% | 7% | 60% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 38 | 43% | 49% | 8% | 52% |
| 01 Oct 2023 - 31 Mar 2024 | 26 Apr 2024 | 37 | 48% | 44% | 7% | 56% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 40 | 45% | 47% | 8% | 56% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 38 | 44% | 49% | 7% | 47% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 36 | 43% | 53% | 4% | 47% |
| 01 Oct 2021 - 31 Mar 2022 | 13 Apr 2022 | 35 | 44% | 52% | 4% | 48% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 36 | 45% | 50% | 5% | 56% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 40 | 41% | 53% | 7% | 56% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 40 | 41% | 51% | 8% | 56% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 38 | 40% | 54% | 6% | 54% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 37 | 45% | 48% | 7% | 54% |
| 01 Apr 2018 - 30 Sept 2018 | 18 Oct 2018 | 37 | 43% | 50% | 8% | 58% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 34 | 48% | 48% | 4% | 56% |
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
Our standard payment terms are 30d EOM, but are assigned on a case by case basis
Were there any changes to the standard payment terms in the reporting period?
Yes - On a case by case basis a few Supplier payment terms were changed after consultation
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
1) Disputed invoices are raised to the supplier detailing if the queriy relates to a quantity discrepancy, or a pricing discrepancy, by our central accounts payable team. The invoice is then held pending resolution 2) Accounts payable liaise with suppliers to obtain and process any missing invoices 3) Accounts payable liaise with suppliers to confirm payment details 4) Accounts payable liaise with authorisers to release overdue invoices for payment
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.
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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?
❌
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
THE BINDING SITE GROUP LIMITED operates as an active private limited company, established as a specialist organisation
Its corporate name, 'The Binding Site Group', denotes a focus on activities and services within sectors concerning molecular or chemical binding sites
Registered in England and Wales under company number 05508774, the company was incorporated on 14 July 2005
It maintains an active status, with its registered office located at 8 Calthorpe Road, Edgbaston, Birmingham, West Midlands, B15 1QT
As a specialist private limited company, businesses operating under a 'binding site group' designation typically focus on the development, manufacture, and distribution of specialised products and services
These often include diagnostic kits, reagents, and analytical tools used in scientific research, clinical diagnostics, and laboratory testing, serving sectors that require precision in molecular binding analysis
