CONVIVIALITY BRANDS LIMITED
Company Information
- Company Number
- 09750710
- Employee Count
- 6
- Turnover
- Coming Soon
- EBITDA
- £3,025,000
Additional Details
- Industries
- Coming Soon
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data shows that the average time taken for CONVIVIALITY BRANDS LIMITED to pay invoices has remained consistent at 56 days over the past three periods. However, there has been a slight decrease in the percentage of invoices paid within 30 days, from 15% in the first two periods to 14% in the last period. This is offset by a slight increase in the percentage of invoices paid between 31 and 60 days, from 53% to 54%, and a decrease in the percentage of invoices paid later than 60 days, from 32% to 31%. Overall, there has not been a significant trend in the company's invoice payment behavior over the past three periods.
Volatility Analysis
The volatility in CONVIVIALITY BRANDS LIMITED's invoice payment behavior is relatively low, with only a slight shift in the percentage of invoices paid within 30 days and between 31 and 60 days. This suggests that the company's invoice payment process is relatively stable and consistent over the three periods.
Summary Analysis
From May 2017 to October 2018, CONVIVIALITY BRANDS LIMITED has consistently taken an average of 56 days to pay invoices. The company has also consistently paid 15% of invoices within 30 days, with a slight decrease to 14% in the last period. The percentage of invoices paid between 31 and 60 days has increased slightly from 53% to 54%, while the percentage of invoices paid later than 60 days has decreased from 32% to 31%. The company's invoice payment behavior has remained relatively stable and consistent over the past three periods.
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 2017 - 29 Oct 2017 | 30 Nov 2017 | 56 | 15% | 53% | 32% | 67% |
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
Stock suppliers (retail): end of the month following the date of invoice. Non-stock supplier (retail): 45 days from end of the month following the date of invoice. Non-UK suppliers: 60 to 90 days from the date of invoice (period is expressly agreed with relevant supplier).Wine purchasing – 60 days for UK collection/ deliveries; 90 days (European collection/deliveries); 120 days (Rest of the world collections/deliveries). All periods commence on date of invoice. Elastic and Peppermint each adopt standard payment terms of 30 days from invoice date, with upfront payment required from production and certain other suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The reported figures and payment terms are consolidated reporting of this company and its subsidiaries. This company does not adopt its own standard terms.
Maximum contractual payment period agreed
120
Dispute Resolution Process
Claims for any disputed invoices are raised to the supplier detailing if the query relates to a quantity discrepancy (short delivery) or a pricing query. If the claim relates to a pricing query this is submitted to the supplier along with the supporting evidence from the buyers. The invoice is typically placed on hold until a credit is received to clear the claim.
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
CONVIVIALITY BRANDS LIMITED is a UK-based company that specializes in the production and distribution of alcoholic and non-alcoholic beverages. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company's sustainability program includes measures to reduce energy consumption, waste management, and promote responsible consumption of their products. They have also implemented a sustainable sourcing policy to ensure ethical and environmentally-friendly practices in their supply chain.
CONVIVIALITY BRANDS LIMITED offers a wide range of products, including beers, wines, spirits, and soft drinks, from popular brands such as Carlsberg, Corona, and Jack Daniel's. They also have their own brand, "Conviviality," which offers premium wines and spirits at affordable prices.
The key people at CONVIVIALITY BRANDS LIMITED include Diana Hunter, the CEO, and David Robinson, the Chairman. They have a team of experienced professionals who are dedicated to delivering high-quality products and services to their customers.
The company's website (www.conviviality.co.uk) provides detailed information about their products, sustainability program, and corporate responsibility initiatives. Their registered office address is in Hemel Hempstead, Hertfordshire, UK.
In summary, CONVIVIALITY BRANDS LIMITED is a leading player in the UK's beverage industry, with a strong commitment to sustainability and responsible practices. With a wide range of products and a dedicated team, the company continues to grow and make a positive impact in the market.
