The average payment time for T & E FERRIS LIMITED is 35 days, with 58% of payments settled within 30 days. However, a significant 18% of payments consistently extend beyond 60 days, indicating a trend where a notable portion of receivables will exceed standard net-30 terms. This distribution suggests an underlying pattern of varied payment speeds, with a segment trending towards extended settlement periods.
The payment data reveals moderate volatility, with a spread from 58% prompt payments to 18% significantly delayed beyond 60 days. This unpredictability makes it challenging for suppliers to reliably forecast exact payment dates for all invoices. The inconsistency introduces a degree of working capital risk, impacting the precision of cash flow management.
T & E FERRIS LIMITED presents a moderate payment risk, primarily due to its 35-day average and the 18% of payments exceeding 60 days. Suppliers should factor in the potential for extended payment terms and associated cash flow delays when establishing credit limits or payment schedules. Mitigation strategies could include offering early payment discounts or structuring payment terms that account for the likelihood of some invoices experiencing significant delays.
| 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 Nov 2020 - 30 Apr 2021 | 27 May 2021 | 35 | 58% | 24% | 18% | 0% |
| 01 May 2020 - 31 Oct 2020 | 27 Nov 2020 | 42 | 52% | 17% | 31% | 0% |
| 01 Nov 2019 - 30 Apr 2020 | 09 Jun 2020 | 22 | 85% | 15% | 0% | 0% |
| 01 May 2019 - 31 Oct 2019 | 27 Nov 2019 | 19 | 88% | 12% | 0% | 0% |
| 01 Nov 2018 - 30 Apr 2019 | 28 May 2019 | 20 | 91% | 8% | 1% | 0% |
| 01 May 2018 - 31 Oct 2018 | 28 Nov 2018 | 20 | 91% | 9% | 0% | 0% |
| 01 Nov 2017 - 30 Apr 2018 | 30 May 2018 | 19 | 89% | 11% | 0% | 0% |
| 01 May 2017 - 31 Oct 2017 | 17 Nov 2017 | 21 | 85% | 14% | 1% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days
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
60
Supplier makes contact with Finance team using email accountspayable@burrells.co.uk If query not resolved escalate to Financial controller, Mandy Petitt mandy@burrells.co.uk
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
T & E FERRIS LIMITED was a private limited company registered in the UK. The company's primary business activity cannot be determined solely from its registered name.
Incorporated on 23 June 2009, T & E FERRIS LIMITED operated from a registered office at 17-19 Station Road West, Oxted, Surrey, RH8 9EE, placing its location within the South East of England. The company, registered under company number 06941388, is now dissolved.
As a private limited company in the UK, such an organisation typically engages in a broad spectrum of commercial activities. These can include providing various services, trading goods, or operating within sectors such as manufacturing, retail, or consulting. This structure supports diverse business operations within the UK market.