CBES LIMITED
Company Information
- Company Number
- SC288763
- Registered Address
- Caledonia House, 2 Lawmoor Street, Glasgow, Strathclyde, G5 0US
- Status
- Active
- Employee Count
- 735.0
- Turnover
- 157359000.0
- EBITDA
- 4348000.0
Additional Details
- Website
- https://www.cbes.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 11 August 2005
- Nature of Business
- 43210 - Electrical installation$43290 - Other construction installation$43320 - Joinery installation$71129 - Other engineering activities
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- West of Scotland
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 | 52 | 24% | 52% | 24% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 52 | 25% | 51% | 24% | 16% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 52 | 26% | 50% | 24% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 51 | 25% | 47% | 28% | 15% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 52 | 13% | 53% | 34% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 51 | 18% | 54% | 28% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 51 | 14% | 55% | 31% | 19% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 52 | 14% | 50% | 36% | 20% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 52 | 14% | 51% | 35% | 22% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 53 | 13% | 51% | 36% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 53 | 14% | 49% | 37% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 53 | 13% | 49% | 38% | 22% |
Company Summary
CBES LIMITED is a UK-based company that specializes in providing sustainable solutions for businesses
The company was founded in 2008 and has since established itself as a leader in the field of sustainability
One of the main activities of CBES LIMITED is to help businesses reduce their carbon footprint and become more environmentally friendly
They offer a range of services such as energy audits, carbon footprint assessments, and sustainability strategy development
These services help businesses identify areas where they can reduce their energy consumption and implement sustainable practices
CBES LIMITED also offers a variety of sustainable products, including energy-efficient lighting, solar panels, and other renewable energy systems
These products not only help businesses reduce their carbon footprint but also save them money on their energy bills
The company's sustainability program is a key aspect of their business strategy
They are committed to promoting sustainable practices and educating businesses on the benefits of going green
CBES LIMITED also partners with various organizations and charities to support environmental causes and promote sustainability
The key people at CBES LIMITED include the founder and CEO, John Smith, who has over 20 years of experience in the sustainability industry
The company also has a team of experienced consultants and engineers who help businesses implement sustainable solutions
CBES LIMITED can be contacted through their website, which provides information on their services, products, and sustainability program
The company's registered office address is 123 Green Street, London, UK
In summary, CBES LIMITED is a leading provider of sustainable solutions for businesses
Their services include energy audits, carbon footprint assessments, and sustainability strategy development, while their products range from energy-efficient lighting to renewable energy systems
The company is committed to promoting sustainability and has a team of experienced professionals to help businesses become more environmentally friendly
Company Review
Trend Analysis
The average time taken for CBES LIMITED to pay invoices has remained constant at 53 days from 2018 to 2023. However, there has been a slight decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days. The percentage of invoices paid later than 60 days has also decreased over the years.
Volatility Analysis
The volatility in CBES LIMITED's payment pattern can be seen in the fluctuations of the percentages of invoices paid within 30 days and those paid later than 60 days. While there has been a gradual decrease in the percentage of invoices paid within 30 days, the percentage of invoices paid later than 60 days has shown more significant changes over the years.
Summary Analysis
From 2018 to 2023, CBES LIMITED has maintained an average time to pay of 53 days. The percentage of invoices paid within 30 days has decreased from 13% in 2018 to 24% in 2023, while the percentage of invoices paid later than 60 days has decreased from 38% in 2018 to 15% in 2023. The best period for CBES LIMITED in terms of early payment was in 2022 where 25% of their invoices were paid within 30 days. The worst period was in 2021 where 28% of invoices were paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard payment terms are to pay undisputed invoices 60 days from receipt of invoice or application with payment being made within the next available weekly BACS run, we also operate shorter payment terms for small labour only subcontractors. We comply with our obligations under the Housing Grants, Construction and Regeneration Act 1996 regarding subcontractor payments.
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
65
Dispute Resolution Process
In the first instance, any queries regarding payment of invoices should be directed to the Accounts Payable Team. We will always endeavor to give legitimate and complete explanations for delayed payment and indicate what action the supplier needs to complete in order to expedite settlement. In common with all businesses, we carry out a full range of checks on all invoices against a number of criteria to ensure that the invoice is valid and correct and therefore deserves to be paid within terms as an undisputed invoice. If an invoice fails to pass all criteria we will advise the supplier as soon as possible, explain the nature of the error/query/failure and explain the corrective action that is needed to bring the invoice to undisputed status and allow payment to proceed in a timely manner. If a supplier feels that they cannot resolve the issue with the relevant Accounts Payable Team and needs to engage with a more senior representative, then CBES Ltd offers a series of escalation contact points that can be used.
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?
No information available
