CHARLES WELLS BREWERY LIMITED
Company Information
- Company Number
- 05720806
- Registered Address
- Brewpoint Cut Throat Lane, Fairhill, Bedford, Bedfordshire, United Kingdom, MK41 7FY
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://wellsandyoungs.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 24 February 2006
- Nature of Business
- 11050 - Manufacture of beer46342 - Wholesale of wine, beer, spirits and other alcoholic beverages
- Industries
- Food And Drink
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for CHARLES WELLS BREWERY LIMITED has increased over the three periods, with the biggest jump seen in the second period (2018-04-01 to 2018-09-30) where it increased by 34.4%. This shows a trend towards longer payment times for the company.
Volatility Analysis
The percentage of invoices paid within 30 days has remained relatively consistent over the three periods, with a slight decrease of 2.7% in the third period (2018-10-01 to 2019-03-31). However, there has been significant volatility in the percentages of invoices paid between 31 and 60 days and later than 60 days. The third period shows the highest percentage of invoices paid later than 60 days at 28%, which is a 4% increase from the second period.
Summary Analysis
For CHARLES WELLS BREWERY LIMITED, the average time to pay has increased from 61 days in the first period (2017-10-01 to 2018-03-31) to 88.7 days in the third period (2018-10-01 to 2019-03-31). The percentage of invoices paid within 30 days has remained relatively consistent at around 21%, but there has been a decrease in the percentage of invoices paid between 31 and 60 days (from 52% to 53.7%) and an increase in the percentage of invoices paid later than 60 days (from 27% to 28%).
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 2018 - 30 Sept 2018 | 02 Nov 2018 | 82 | 21% | 52% | 27% | 40% |
| 01 Oct 2017 - 31 Mar 2018 | 23 Apr 2018 | 61 | 21% | 49% | 30% | 42% |
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
15 Days after the end of the second month
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
75
Dispute Resolution Process
Queries should be emailed to accountspayable@charleswells.co.uk along with a copy of the Invoice(s). Where Invoices contain a Purchase Order number or the name of the Orderer / Approver an update should be received within 5 Working Days. Where Invoices do not contain a Purchase Order Number or the name of the Orderer / Approver then investigation could take longer
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.
❌
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.
✅
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.
✅
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
Charles Wells Brewery Limited is a UK-based brewery known for its high-quality beers and commitment to sustainability. Founded in 1876, the company has a long history of brewing traditional British ales and has expanded its product range to include lagers, stouts, and ciders.
The brewery has implemented a sustainability program, which focuses on reducing their environmental impact through initiatives such as energy-efficient brewing processes, waste reduction, and sourcing local ingredients. They also support local communities and charities through donations and volunteering.
The company's portfolio includes popular brands such as Bombardier, Young's, and McEwan's, as well as craft beers under the Wandering Brewer label. They also offer a range of non-alcoholic and low-alcohol options.
Key people at Charles Wells Brewery Limited include the CEO, Justin Phillimore, and the Chairman, Paul Wells. The company's registered office address is The Brewery, Havelock Street, Bedford, MK40 4LU, and their website is www.charleswells.co.uk.
In summary, Charles Wells Brewery Limited is a renowned UK brewery with a strong focus on sustainability and a diverse range of high-quality beers. Their commitment to local communities and charitable causes sets them apart from other breweries.
