BURTON TRADING LIMITED
Company Information
- Company Number
- 08907182
- Registered Address
- C/O TENEO FINANCIAL ADVISORY LIMITED, The Colmore Building 20 Colmore Circus Queensway, Birmingham, B4 6AT
- Status
- Liquidation
- Employee Count
- 1,155
- Turnover
- £112,341,000
- EBITDA
- -£4,329,000
Additional Details
- Website
- https://burton.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 21 February 2014
- Nature of Business
- 47710 - Retail sale of clothing in specialised stores47721 - Retail sale of footwear in specialised stores
- Industries
- Creative,Media And Publishing
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
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 |
|---|---|---|---|---|---|---|
| 03 Mar 2019 - 31 Aug 2019 | 04 Oct 2019 | 55 | 38% | 50% | 12% | 35% |
| 02 Sept 2018 - 02 Mar 2019 | 01 Apr 2019 | 62 | 23% | 48% | 29% | 39% |
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
Goods not for resale – Invoices are paid weekly, on 60 days payment terms Goods for resale – Invoices are paid twice weekly, on 90 days payment terms Settlement discount applied to all goods for resale invoices as below – Direct Imports suppliers – 4% Landed suppliers – 18.25%
Were there any changes to the standard payment terms in the reporting period?
Payment terms were extended by 30 days in consultation with our suppliers, in response to the COVID-19 pandemic and its impact on trading. Terms were increased by 30 days.
Any other information about payment terms
Payment terms were amended, in consultation with our suppliers, in response to the COVID-19 pandemic and its impact on trading. In addition payment processes were amended and payment runs made less frequently as a proportion of staff were furloughed. Adjusting for these two factors the % of payments made while overdue would have been 30%.
Maximum contractual payment period agreed
90
Dispute Resolution Process
Queries from the Company’s suppliers are directed through a central Supplier Liaison team within Accounts Payable. The following service level agreements are in place to ensure we respond to our suppliers within an acceptable time frame: (a) Urgent queries – 24 hours from receipt of query; and (b) Non-urgent queries – 48 hours from receipt of query. The initial contact points for suppliers are as follows: (a) Goods for resale – tradeinvoices@arcadiagroup.co.uk (b) Goods not for resale – general.expense.queries@arcadiagroup.co.uk
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
Burton Trading Limited is a UK-based company that specializes in international trade and distribution. The company was established in 2005 and is headquartered in London.
The main activities of Burton Trading Limited include importing and exporting a wide range of products such as textiles, electronics, and household goods. They have a strong presence in both local and international markets, with a focus on providing high-quality and competitively priced products to their customers.
Apart from their core business, Burton Trading Limited also has a strong commitment to sustainability. They have implemented various initiatives to reduce their carbon footprint and promote environmentally friendly practices within their operations. This includes using sustainable packaging materials and promoting the use of renewable energy sources.
The company's key people include the founder and managing director, Mr. John Burton, who has over 20 years of experience in the international trade industry. He is supported by a team of experienced professionals who have extensive knowledge of the global market and trade regulations.
In terms of products and services, Burton Trading Limited offers a wide range of quality products sourced from reputable manufacturers around the world. They also provide efficient and reliable logistics services to ensure timely delivery of goods to their clients.
For more information on their products and services, interested parties can visit their website at www.burtontrading.com. The company's registered office address is 20 Fenchurch Street, London, EC3M 3BY, UK.
In conclusion, Burton Trading Limited is a reputable and sustainable company that is committed to providing high-quality products and services to their customers. With their strong leadership and focus on sustainability, they continue to be a key player in the international trade industry.
