BEDECK LIMITED
Company Information
- Company Number
- NI023062
- Registered Address
- 189 Lurgan Road, Maralin, Craigavon, Co Armagh, BT67 0QS
- Status
- Active
- Employee Count
- 288
- Turnover
- £31,861,000
- EBITDA
- £2,927,000
Additional Details
- Website
- https://bedeck.com/
- Company Type
- Private limited Company
- Incorporated On
- 13 September 1989
- Nature of Business
- 47510 - Retail sale of textiles in specialised stores
- Industries
- Property,Infrastructure And Construction
- Region
- Northern Ireland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for BEDECK LIMITED's average time to pay invoices has been fluctuating over the past three periods, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has also been fluctuating, but has remained relatively consistent. The percentage of invoices paid later than 60 days has been steadily increasing over the past three periods.
Volatility Analysis
The volatility for BEDECK LIMITED's average time to pay invoices has been moderate, with fluctuations of 2-4 days between periods. The volatility for the percentage of invoices paid within 30 days has been relatively low, with only a 3% difference between the highest and lowest percentages. However, the volatility for the percentage of invoices paid later than 60 days has been high, with a difference of 16% between the highest and lowest percentages.
Summary Analysis
Overall, BEDECK LIMITED has maintained a relatively consistent average time to pay invoices over the past three periods, with a slight increase in the most recent period. However, there has been a noticeable increase in the percentage of invoices paid later than 60 days, which could be a cause for concern. The company has also struggled with paying invoices within the agreed terms, with the most recent period showing a significant increase in the percentage of invoices not paid within agreed terms.
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 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 52 | 35% | 29% | 36% | 27% |
| 01 Oct 2021 - 31 Mar 2022 | 22 Apr 2022 | 57 | 29% | 35% | 36% | 24% |
| 01 Apr 2021 - 30 Sept 2021 | 22 Oct 2021 | 54 | 29% | 41% | 30% | 32% |
| 01 Oct 2020 - 31 Mar 2021 | 22 Apr 2021 | 46 | 29% | 56% | 15% | 36% |
| 01 Apr 2020 - 30 Sept 2020 | 27 Oct 2020 | 55 | 26% | 56% | 19% | 56% |
| 01 Oct 2019 - 31 Mar 2020 | 21 Apr 2020 | 37 | 46% | 48% | 6% | 30% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 34 | 47% | 49% | 4% | 33% |
| 30 Sept 2018 - 30 Mar 2019 | 11 Apr 2019 | 38 | 42% | 51% | 7% | 43% |
| 01 Apr 2018 - 30 Sept 2018 | 22 Oct 2018 | 36 | 45% | 51% | 4% | 24% |
| 01 Oct 2017 - 31 Mar 2018 | 26 Apr 2018 | 35 | 44% | 53% | 3% | 27% |
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
Normal payment terms for UK qualifying contracts will be a number of days following invoice, depending on supplier requirement (as noted above, between 7 and 60 days).
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
60
Dispute Resolution Process
If dispute arises, payment on hold until resolved. During this time, we enter into dialogue with internal management and relevant supplier.
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.
❌
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
BEDECK LIMITED is a renowned company in the textile industry that specializes in designing, manufacturing, and distributing high-quality bed linen, curtains, and other home furnishings. The company was founded in 1951 and is headquartered in Magheralin, Northern Ireland.
Sustainability is at the core of BEDECK LIMITED's business operations, and the company is committed to minimizing its environmental impact. They have implemented various initiatives such as using eco-friendly materials, reducing waste through recycling, and promoting sustainable sourcing practices.
The company offers a wide range of products, including bed linen, duvets, pillows, curtains, and home accessories. They source their materials from trusted suppliers and use state-of-the-art technology to create stylish and durable products. BEDECK LIMITED's products are sold in major retail stores across the UK and Ireland, as well as online through their website.
The key people behind BEDECK LIMITED's success are its managing director, Gary Irwin, and its creative director, Julie Hall. They both have extensive experience in the industry and are passionate about delivering high-quality products to their customers.
To contact BEDECK LIMITED, you can visit their website at www.bedec.co.uk or reach out to them at their registered office address: 52 Lurgan Road, Magheralin, Craigavon, Co. Armagh, BT67 0QZ. Their friendly customer service team is always available to assist with any queries or concerns.
In summary, BEDECK LIMITED is a leading company in the textile industry, known for its commitment to sustainability and high-quality products. With a dedicated team and a wide range of stylish home furnishings, they continue to be a popular choice for customers in the UK and beyond.
