BARBURRITO GROUP LIMITED consistently processes payments with an average time of 48 days, indicating a regular payment cycle that extends beyond typical 30-day terms. A significant majority of payments (87%) fall within the 31-60 day window, demonstrating a clear and predictable trend towards a longer settlement period.
The payment profile exhibits low volatility and high predictability, as 87% of invoices are reliably settled within the 31-60 day range. While 7% of payments are officially late and 4% extend beyond 60 days, the overwhelming consistency within the 31-60 day bracket suggests minimal overall payment reliability risk.
Suppliers should anticipate an average payment time of 48 days, as BARBURRITO GROUP LIMITED is a predictable payer within the 31-60 day timeframe for most invoices. To mitigate the minor risk associated with the 7% late payments, consider adjusting credit terms to 60 days or implementing conservative credit limits for this client.
| 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 2024 - 29 Dec 2024 | 16 Jan 2025 | 48 | 9% | 87% | 4% | 7% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 49 | 12% | 83% | 5% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are the last business day of the month after the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
None
Maximum contractual payment period agreed
61
All suppliers can contact the Accounts Payable team by phone or email to check the status of their invoice at any time during normal business hours. Disputes would typically be escalated to a senior member of the finance, procurement or relevant operational function. If necessary, this may be further escalated to the relevant executive board member.
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.
❌
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
BARBURRITO GROUP LIMITED is an active private limited company. As a 'Group' entity, it typically serves as a central business structure, managing or providing services for affiliated organisations.
The company was incorporated on 16 September 2020, registered under company number 12883632. Its registered office is located at 5-7 Marshalsea Road Borough, London, England, SE1 1EP.
As a private limited company in the UK, BARBURRITO GROUP LIMITED operates with limited liability for its shareholders. Such entities typically engage in a broad spectrum of commercial activities, often acting as a holding company or providing centralised administrative, financial, or strategic management services to subsidiary businesses.