The average time to pay for CD&R FIREFLY BIDCO LIMITED has increased by 2.3% from 2018-01-01 to 2019-01-01. The percentage of invoices paid within 30 days has decreased by 1.7%, while the percentage of invoices paid between 31 and 60 days has remained relatively stable, with a slight increase of 0.5%. The percentage of invoices paid later than 60 days has also increased by 1%, while the percentage of invoices not paid within agreed terms has remained at 0%. This indicates a slight trend towards longer payment times for CD&R FIREFLY BIDCO LIMITED.
The volatility of CD&R FIREFLY BIDCO LIMITED's payment times is relatively low, with only a 2.3% increase in the average time to pay over the course of three periods. However, there was a slight increase in the percentage of invoices paid later than 60 days in the most recent period, which could indicate a potential increase in volatility in the future.
From 2018-01-01 to 2019-06-30, CD&R FIREFLY BIDCO LIMITED's average time to pay has increased by 2.3%. The percentage of invoices paid within 30 days has decreased by 1.7%, while the percentage of invoices paid between 31 and 60 days has remained relatively stable. There has been a slight increase in the percentage of invoices paid later than 60 days, indicating a trend towards longer payment times. However, the company has maintained a 0% rate for invoices not paid within agreed terms.
| 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 Jan 2018 - 30 Jun 2018 | 07 Aug 2018 | 31 | 60% | 40% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
CD&R Firefly Bidco operates standard payment terms of Invoice Date plus 30 Days.
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
CD&R Firefly Bidco operates a resolution process where the Supplier is invited to speak to their contact within CD&R Firefly Bidco (typically the individual who places the orders with the Supplier) and outline their concerns. It is hoped that between them these two individuals will be able to solve all issues.
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
CD&R Firefly Bidco Limited is a company registered in England and Wales, incorporated in May 2015, with its registered office in St Albans, Hertfordshire. Its Companies House classification covers head office activities, indicating it functions as a holding entity rather than an operating business. Evidence links it to the 2015 investment by Clayton, Dubilier and Rice into Motor Fuel Group (MFG), the UK's largest independent forecourt operator, which runs over 1200 fuel, convenience retail and EV charging sites under the MFG and Morrisons brands. The public-facing MFG business trades through separately registered operating companies, such as Motor Fuel Limited, rather than through this entity itself.
Generated from the company's website and Companies House records. Sources: motorfuelgroup.com