BURHILL GROUP LIMITED demonstrates a strong positive trend in payment speed, consistently settling invoices within an average of 23 days. A significant 84% of payments are completed within 30 days, indicating a reliable and prompt trajectory. The low 6% late payment rate further reinforces a consistent pattern of timely settlements.
While generally predictable, 16% of payments extend beyond 30 days, with 6% becoming significantly delayed past 60 days, introducing a moderate level of unpredictability for a portion of invoices. The consistent 6% late payment rate highlights a low but present risk factor for potential minor payment delays.
BURHILL GROUP LIMITED is a generally low-risk payment partner for suppliers due to their high promptness and consistency. Suppliers should primarily consider the efficient 23-day average payment time for cash flow planning. For the small percentage of extended payments, standard credit terms are appropriate, but no significant risk mitigation is broadly required.
| 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 Jul 2024 - 31 Dec 2024 | 15 Jan 2025 | 27 | 66% | 31% | 3% | 7% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 28 | 62% | 34% | 4% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms policy is to pay suppliers within 30 days following the end of the month of invoicing.
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
All supplier disputes and complaints should be directed to our Finance Department located at the companies registered address. This can be in writing, by email to accounts@bglcompany.co.uk or by phone on 01932 220815. All disputes and complaints will be dealt with within 1-3 business 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.
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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
BURHILL GROUP LIMITED is an active private limited company. Its "Group Limited" designation signifies a corporate structure that manages or holds various business interests.
The company was incorporated on 22 November 2010 and is registered with company number 07447067. Its registered office is located at Burhill, Burwood Road, Walton On Thames, Surrey, KT12 4BX, within the South East region of the UK.
As a private limited group company in the UK, this type of organisation typically provides strategic direction, corporate governance, and centralised administrative or financial services to its component businesses. These organisations also function as holding entities for various commercial interests.