BONMARCHE LIMITED averages 41 days for payment, with 45% paid within 30 days and 36% between 31-60 days. This trend indicates a significant portion of payments extend beyond standard 30-day terms, with nearly one-fifth (19%) taking over 60 days.
The 19% of payments extending beyond 60 days, coupled with a 5% late payment rate, introduces some unpredictability for suppliers. While most payments occur within 60 days, suppliers should be aware of a moderate risk of extended delays impacting cash flow reliability.
Suppliers should set expectations for an average payment cycle of approximately 41 days, acknowledging that nearly half of invoices will extend beyond 30 days. It is advisable to factor in potential delays and the 5% late payment risk into credit terms and cash flow forecasting to mitigate impact.
| 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 |
|---|---|---|---|---|---|---|
| 30 Sept 2018 - 30 Mar 2019 | 29 Apr 2019 | 37 | 48% | 32% | 20% | 6% |
| 01 Apr 2018 - 29 Sept 2018 | 09 Nov 2018 | 41 | 45% | 36% | 19% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days unless otherwise agreed due to supplier needs. Any shorter payment terms require directors approval.
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
We take our relationships with suppliers seriously and work hard to ensure that we build honest, long-term partnerships. Any disputes will be dealt with in the first instance by our purchase ledger team who will consult the budget holder about the dispute and attempt to resolve as a matter of urgency. Any escalations raised will be dealt with by the Finance Manager.
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
BONMARCHE LIMITED is a liquidation private limited company, incorporated on 13 January 2012, based in the London region. Registered business activity: Retail sale of clothing in specialised stores 47910 - Retail sale via mail order houses or via Internet.
From Companies House records.