WORLD OF RARE BOOKS LIMITED
Company Information
- Company Number
- 07465049
- Registered Address
- Mulberry House Woods Way, Goring-By-Sea, Worthing, West Sussex, BN12 4QY
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 9 December 2010
- Nature of Business
- 99999 - Dormant Company
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
WORLD OF RARE BOOKS LIMITED consistently pays within an average of 30 days, with an impressive 98% of invoices settled within this timeframe. This demonstrates a strong and consistent trend of prompt payment, indicating highly reliable adherence to standard terms.
Volatility Analysis
The combined late payment rate is very low at 2%, comprising 1% in the 31-60 day bracket and 1% over 60 days, signifying minimal payment volatility. This low percentage indicates high predictability and a minimal risk of significant or unpredictable payment delays for suppliers.
Summary Analysis
WORLD OF RARE BOOKS LIMITED presents a very low payment risk profile, making them a highly reliable partner for supplier credit. Suppliers should confidently proceed with standard terms, as the likelihood of prompt payment is exceptionally high, mitigating cash flow concerns. Routine monitoring is sufficient; no specialized risk mitigation strategies are immediately necessary beyond standard credit management practices.
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 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 30 | 98% | 1% | 1% | 2% |
| 01 Nov 2018 - 30 Apr 2019 | 08 May 2019 | 30 | 64% | 35% | 1% | 2% |
| 01 May 2018 - 31 Oct 2018 | 27 Nov 2018 | 30 | 74% | 26% | 0% | 3% |
| 01 Nov 2017 - 30 Apr 2018 | 29 May 2018 | 30 | 63% | 35% | 2% | 4% |
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
The standard payment terms relating to the supply of books for resale is 60 days from the date of invoice. However due to the nature of the business there are also non-standard supplier payment terms which are shorter and longer than our preferred standard terms. Excluding books, the standard terms relating to the supply of operations and logistical services to the company are 60 days from date of invoice. However there are non-standard supplier payment terms which are shorter and longer than the standard terms. The company standard payment terms are 60 days. However, in certain circumstances, a supplier will seek to impose its own payment terms, and in other circumstances, a bespoke contract will be agreed.
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
90
Dispute Resolution Process
Resolution of disputes is handled on a case-by-case basis. The company seeks to resolve disputes as quickly as possible.
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.
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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?
❌
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
WORLD OF RARE BOOKS LIMITED is a private limited company. Its operations are centred around the specialisation in rare books.
The company, registered as active with company number 07465049, was incorporated on 9 December 2010. Its registered office is located at Mulberry House Woods Way, Goring-By-Sea, Worthing, West Sussex, BN12 4QY, within the South East region of England.
Businesses operating in the rare book sector typically specialise in the acquisition, valuation, and sale of antique, collectible, and unique literary works. They commonly provide services such as cataloguing collections, sourcing specific titles for clients, and offering expert advice on valuable publications.
