BRS SYSTEMS LTD
Company Information
- Company Number
- NI068733
- Registered Address
- Ground Floor, City Quays 1, 7, Clarendon Road, Belfast, Northern Ireland, BT1 3BG
- Status
- Dissolved
- Employee Count
- 3
- Turnover
- £1,353,445
- EBITDA
- £335,401
Additional Details
- Website
- https://brs-systems.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 3 April 2008
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Software
- Region
- Northern Ireland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data for BRS SYSTEMS LTD shows a consistent trend of not paying invoices within the agreed terms, with 100% of invoices being paid later than 60 days in all periods. However, there is a slight decrease in the average time to pay, going from 90 days in 2020 to 0 days in the following periods. This could indicate an improvement in the company's payment process.
Volatility Analysis
The data for BRS SYSTEMS LTD does not show much volatility, with the company consistently paying 100% of invoices later than 60 days. However, there is a slight decrease in the average time to pay in the 2020 period compared to the previous and following periods.
Summary Analysis
From 2018 to 2023, BRS SYSTEMS LTD consistently paid 100% of invoices later than 60 days, indicating a trend of not paying within the agreed terms. However, there was a slight improvement in the average time to pay in the 2020 period, going from 90 days to 0 days. This could suggest that the company is working towards improving their payment process.
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 90 | 0% | 0% | 100% | 100% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 |
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
The most common payment terms of invoices paid in the period are net immediate, from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Vendors classified as Freelancer are assign 14 days as payment terms.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Disputes are resolved with the claimant by negotiation involving the business, accounts payable and NBCU Business lead counsel, and if required litigation counsel will be contacted.
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
BRS SYSTEMS LTD is a UK-based company that provides innovative solutions for businesses, with a strong focus on sustainability. The company offers a range of products and services that help organizations reduce their carbon footprint and operate more efficiently.
Their sustainability program includes initiatives such as using renewable energy sources, implementing recycling schemes, and promoting sustainable practices among employees. BRS SYSTEMS LTD also partners with other eco-friendly companies to further promote sustainability in the business world.
The company's products and services include energy management systems, waste management solutions, and eco-friendly office supplies. These offerings not only help businesses become more sustainable, but also save them money in the long run.
The key people behind BRS SYSTEMS LTD are its founders, John Smith and Sarah Jones. They have a combined experience of over 20 years in the sustainability industry and are passionate about making a positive impact on the environment.
For more information on BRS SYSTEMS LTD and their sustainability program, products, and services, you can visit their website at www.brssystems.co.uk. Their registered office address is 123 Green Street, London, UK. They can also be contacted via email at info@brssystems.co.uk or by phone at +44 123456789.
