The average time to pay for THE BENRIACH DISTILLERY COMPANY LIMITED has increased from 36 days in May 2017 to 38 days in October 2018. The percentage of invoices paid within 30 days has decreased from 46% to 44%, while the percentage of invoices paid between 31 and 60 days has increased from 45% to 49%. The percentage of invoices paid later than 60 days has also increased from 9% to 7%.
The volatility for THE BENRIACH DISTILLERY COMPANY LIMITED is relatively low, with only a 1-day increase in the average time to pay over the three periods. The percentage of invoices paid within 30 days has fluctuated between 45% and 46%, while the percentage of invoices paid between 31 and 60 days has fluctuated between 45% and 49%. The percentage of invoices paid later than 60 days has also fluctuated between 7% and 9%.
Over the past three periods, there has been a slight increase in the average time to pay for THE BENRIACH DISTILLERY COMPANY LIMITED, with a 2-day increase from May 2017 to October 2018. The company has also seen a decrease in the percentage of invoices paid within 30 days, from 46% to 44%. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, from 45% to 49%. The percentage of invoices paid later than 60 days has also decreased from 9% to 7%.
| 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 May 2017 - 30 Oct 2017 | 22 Nov 2017 | 36 | 46% | 45% | 9% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
No Standard payment terms. Negotiated supplier by supplier.
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
First contact is with accounts payable who will identify the vendor problem. They will then identify the person on the company who will be able to resolve the problem. Vendor is then contacted to discuss the offered resolution.
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?
No information available
The Benriach Distillery Company Limited operates the Benriach Distillery in north Speyside, Scotland, founded in 1898. It distils and matures single malt Scotch whisky, producing three styles: classic unpeated, Highland peated and triple distilled. Spirit is matured in an eclectic mix of casks sourced from around the world, resulting in a range of single malt whiskies sold under the Benriach name. The company also offers distillery tours and visitor experiences at its Speyside site. Its registered office is in Edinburgh, and its Companies House classification covers distilling, rectifying and blending of spirits.
Generated from the company's website and Companies House records. Sources: benriachdistillery.com · benriachdistillery.com