The average time taken for ALAN BARTLETT & SONS (CHATTERIS) LIMITED to pay invoices has been decreasing over the past three periods, with a decrease of 15% from the first period to the last. The percentage of invoices paid within 30 days has also been increasing over the past three periods, with an increase of 5% from the first period to the last. However, the percentage of invoices paid later than 60 days has been fluctuating, with a high of 68% in the first period and a low of 24% in the last period.
The volatility of ALAN BARTLETT & SONS (CHATTERIS) LIMITED's payment patterns can be seen in the fluctuation of the percentage of invoices paid later than 60 days. This percentage has varied by 44% over the past three periods, indicating a lack of consistency in payment times. However, the percentage of invoices paid within 30 days has only varied by 3% over the same time period, suggesting a more stable payment pattern for the company.
From June 2017 to November 2020, ALAN BARTLETT & SONS (CHATTERIS) LIMITED has shown a decreasing trend in the average time taken to pay invoices and an increasing trend in the percentage of invoices paid within 30 days. However, the company has also experienced volatility in the percentage of invoices paid later than 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 Jun 2020 - 30 Nov 2020 | 07 Jan 2021 | 61 | 19% | 57% | 24% | 81% |
| 01 Dec 2019 - 31 May 2020 | 24 Jun 2020 | 64 | 18% | 49% | 33% | 82% |
| 01 Jun 2019 - 30 Nov 2019 | 19 Dec 2019 | 65 | 17% | 47% | 36% | 82% |
| 01 Dec 2018 - 31 May 2019 | 17 Jul 2019 | 65 | 16% | 50% | 34% | 84% |
| 01 Jun 2018 - 30 Nov 2018 | 24 Jan 2019 | 74 | 15% | 24% | 61% | 86% |
| 01 Dec 2017 - 31 May 2018 | 27 Jun 2018 | 74 | 15% | 24% | 61% | 87% |
| 01 Jun 2017 - 30 Nov 2017 | 19 Dec 2017 | 76 | 14% | 18% | 68% | 68% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our most frequently used payment terms for qualifying contracts is 60 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Due to the seasonal variations inherent within our business sector and its effects on cash flow, payment of invoices outstanding take longer than anticipated at certain times of the year. In addition, the company had also experienced difficult trading conditions over recent years and as a result had fallen behind with creditor repayments. We are endeavouring to improve our current position with regard to payment of invoices, and bring our balances outstanding back in line with expectations. We have already made significant improvements in the current year.
Maximum contractual payment period agreed
60
Any disputes regarding invoices or payments can be directed towards our accounts department. Normally any disputes are resolved within a few working days.
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
Alan Bartlett & Sons (Chatteris) Limited is a family-owned business that has been operating in the UK since 1974. The company specializes in the production and supply of high-quality potatoes, onions, and other root vegetables to retailers, wholesalers, and food service providers.
Sustainability is at the core of their business operations, with a strong commitment to reducing their environmental impact and promoting sustainable farming practices. They have implemented measures such as efficient water and energy usage, responsible waste management, and the use of renewable energy sources.
Their products are grown using sustainable farming methods, without the use of harmful chemicals or pesticides. The company also works closely with their network of farmers to promote sustainable farming practices and support the local community.
The key people behind the success of Alan Bartlett & Sons (Chatteris) Limited are the Bartlett family, who have been involved in the business since its inception. They are dedicated to providing the highest quality produce while maintaining a strong focus on sustainability.
Customers can find more information about the company and their products on their website, which also includes a contact form for inquiries. The registered office address for the company is in Chatteris, Cambridgeshire, UK.
Proud of your payment record? Show your live score on your own site:
<iframe src="https://paymentcheck.co.uk/badge/06891002" width="240" height="72" style="border:0" title="PaymentCheck Score" loading="lazy"></iframe>