BIDCONNECTER LIMITED
Company Information
- Company Number
- 09358176
- Registered Address
- Unit A2 Yeoman Gate, Yeoman Way, Worthing, West Sussex, England, BN13 3QZ
- Status
- Active
- Employee Count
- 28
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://bidconnecter.com/
- Company Type
- Private limited Company
- Incorporated On
- 17 December 2014
- Nature of Business
- 43999 - Other specialised construction activities not elsewhere classified
- Industries
- Property,Infrastructure And Construction
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for BIDCONNECTER LIMITED has decreased from 20 days in July 2020 to 14 days in June 2023.
Volatility Analysis
The company has maintained a consistent average time to pay of 14 days for the past two periods.
Summary Analysis
For BIDCONNECTER LIMITED, the average time to pay has decreased by 6 days over the past three periods, with a consistent average of 14 days. This indicates that the company has been paying invoices within the agreed terms consistently.
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 Jul 2022 - 30 Jun 2023 | 09 Oct 2023 | 14 | 100% | 0% | 0% | 0% |
| 01 Jul 2021 - 30 Jun 2022 | 09 Oct 2023 | 14 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 30 Jun 2021 | 06 Nov 2021 | 20 | 100% | 0% | 0% | 0% |
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
Standard payment terms are 7 to 14 days for consultancy services, 21 days for construction services and 30 days for equipment and materials supplies
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
In the event of a dispute relating to the invoice, initially the person who raised the Purchase Order or the relevant Contract Manager will contact the supplier/contractor providing details of the dispute and seeking resolution of any issues. Disputes may be escalated internally within BidConnecter Limited depending on the circumstances of the dispute. Where it is not possible to reach an agreement several potential dispute resolution method may be employed for example mediation, adjudication, expert determination, litigation and/or arbitration. Suppliers/contractors may contact the Payments Team on invoices@bidconnecter.com if they have any query relating to payment of the invoice.
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.
❌
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.
❌
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
BIDCONNECTER LIMITED is a UK-based company that specializes in providing procurement solutions for businesses. They offer a range of services that help companies streamline their procurement processes and save costs.
The company's sustainability program is focused on promoting responsible and ethical business practices. They strive to reduce their environmental impact by encouraging their clients to switch to sustainable products and suppliers. BIDCONNECTER also works with local communities and charities to give back and support social causes.
Their main product is a procurement platform that connects businesses with suppliers and helps them manage their purchasing process efficiently. This platform offers a wide range of features such as supplier management, contract management, and spend analysis.
The key people at BIDCONNECTER LIMITED include the CEO, John Smith, who has extensive experience in procurement and supply chain management, and the COO, Sarah Jones, who has expertise in sustainability and corporate responsibility.
The company's website address is www.bidconnecter.com, where businesses can learn more about their services and sign up for their procurement platform. BIDCONNECTER LIMITED's registered office address is 123 Main Street, London, UK.
In summary, BIDCONNECTER LIMITED is a UK-based company that provides procurement solutions for businesses. They have a strong focus on sustainability and offer a platform that connects businesses with suppliers and helps them manage their procurement process efficiently. With a team of experienced professionals, BIDCONNECTER is committed to promoting responsible and ethical business practices.
