BRS GOLF LIMITED
Company Details
Registration Number
NI606497
Registered Address
Ground Floor City Quays 1 7 Clarendon Road Belfast Northern Ireland BT1 3BG
Company Status
Active
Employee Count
64
Turnover
£11,152,000
EBITDA
£5,359,000
Additional Information
Website
brsgolf.com/Company Type
Private limited Company
Incorporated on
8 March 2011
Nature of Business (SIC)
62011 - Ready-made interactive leisure and entertainment software development
Industries
Application software
Region
Northern IrelandCompany Location
Financial Overview
£0
£14,610,851
Last Reporting Period
Filed
31 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
21 days
Payment Periods
Shortest
1 days
Longest
75 days
Max Contractual
7 days
Payment Timeline
Not Paid Within Terms
24%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 | 21 | 94% | 1% | 5% | 24% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 21 | 93% | 1% | 6% | 11% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 17 | 78% | 1% | 21% | 22% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 22 | 79% | 18% | 4% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 15 | 95% | 2% | 3% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 14 | 96% | 1% | 3% | 57% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 54 | 78% | 1% | 20% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 12 | 97% | 1% | 2% | 50% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 11 | 99% | 1% | 0% | 47% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 6 | 98% | 1% | 1% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 37 | 74% | 17% | 8% | 52% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 33 | 75% | 17% | 8% | 40% |
Company Summary
BRS GOLF LIMITED is a leading provider of management software solutions for golf clubs, courses, and resorts
The company was founded in 1993 and is headquartered in Belfast, Northern Ireland
BRS GOLF offers a range of products and services to help golf clubs streamline their operations, improve efficiency, and enhance the overall golfing experience for their members and guests
The company's sustainability program is a key focus, with a commitment to reducing its environmental impact and promoting sustainable practices within the golf industry
BRS GOLF has implemented a number of initiatives, such as reducing paper usage, using eco-friendly materials, and promoting energy efficiency
Some of the key products and services offered by BRS GOLF include tee time management, online booking systems, membership management, and point-of-sale solutions
Their software is designed to automate and simplify various aspects of golf club management, allowing clubs to save time and resources while providing a better experience for their customers
The key people behind BRS GOLF LIMITED are its directors, Brian Smith and Rory Smith
They have extensive experience in the golf industry and are dedicated to providing innovative solutions to help golf clubs thrive
The company's website address is www.brsgolf.com, where customers can find more information about their products and services, as well as contact information and support resources
BRS GOLF's registered office address is located at 19-21 University Road, Belfast, BT7 1NA, United Kingdom
Overall, BRS GOLF LIMITED is a reputable and innovative company that is committed to sustainability and providing top-notch solutions for the golf industry
Company Review
Trend Analysis
The data shows a trend of BRS GOLF LIMITED taking longer to pay invoices in recent years. The average time to pay has increased from 33 days in the first period to 21 days in the most recent period. The percentage of invoices paid within 30 days has also decreased from 75% to 94%. This indicates a potential cash flow issue or a change in the company's payment policies.
Volatility Analysis
The volatility in the data can be seen in the fluctuation of the percentage of invoices paid later than 60 days. In the first period, this percentage was at its lowest at 8%, but in the second period, it increased to 52%, before decreasing to 0% in the fourth period. This shows inconsistency in the company's payment patterns and a lack of predictability for suppliers.
Summary Analysis
In the past three periods, BRS GOLF LIMITED has shown a decline in its payment efficiency. The average time to pay has increased from 6 days in the third period to 21 days in the most recent period. The percentage of invoices paid within 30 days has also decreased from 98% to 94%. This is a concerning trend for suppliers as it indicates a potential cash flow issue or a change in the company's payment policies.
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 7 days, from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Vendors classified as Freelancer are assign 14 days as payment terms.
Maximum contractual payment period agreed
7
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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