Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
N/a
Maximum contractual payment period agreed
60
If dispute arises, payment on hold until resolved. During this time, we enter into dialogue with internal management and relevant supplier.
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
Bedeck Limited trades as Bedeck Home, a Northern Ireland based retailer of luxury bedding and home textiles. Founded from a business that began manufacturing linen handkerchiefs in Magheralin in 1951, the company now sells bed linen, duvets, pillows, towels, bath accessories and curtains under brands including Bedeck of Belfast, Helena Springfield, Ted Baker, Sanderson and V&A. Products are sold online through its own website, covering a range of colours, styles and fabric types such as cotton, Egyptian cotton and silk. The company is registered in Craigavon, Northern Ireland, and remains active, describing itself as one of the world's leading luxury bedding suppliers.
Generated from the company's website and Companies House records. Sources: bedeck.com · bedeck.com