The average time taken for BIBENDUM PLB GROUP LIMITED to pay invoices to suppliers has decreased over the past three periods. In May 2017, the average time to pay was 0 days, in October 2017 it was -3.3 days, and in October 2018 it was -7.1 days. This indicates that the company is paying invoices to suppliers at a faster rate over time.
The volatility of BIBENDUM PLB GROUP LIMITED's payment process has decreased over the past three periods. In May 2017, the company had a volatility of 0 days, in October 2017 it was 3.3 days, and in October 2018 it was 3.8 days. This suggests that the company has become more consistent in their payment process over time.
In October 2018, BIBENDUM PLB GROUP LIMITED had an average time to pay of -7.1 days, which is a significant improvement from October 2017 when the average time to pay was -3.3 days. This represents a decrease of 3.8 days, or a percentage change of -115.2%. Additionally, in October 2018, 100% of invoices were paid within 30 days, compared to 83.3% in October 2017. However, the company did experience a decline in the percentage of invoices paid between 31 and 60 days, from 16.7% in October 2017 to 0% in October 2018. Finally, the company had the highest percentage of invoices paid later than 60 days in May 2017, with 16.7% of invoices falling into this category.
| 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 May 2017 - 29 Oct 2017 | 30 Nov 2017 |
BIBENDUM PLB GROUP LIMITED is a company, based in the London region.
From Companies House records.