THE BARNES GROUP LIMITED
Company number: 01359667
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
19 November 2025
Approved by:
John Goosen
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 52%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 8%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms for invoices are end of month following the date of the invoice. Invoices can therefore be paid between 30 and 60 days depending on the date of the invoice. For subcontractors, terms are according to the dates set out in the contract.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Finance staff and buyers liaise directly with suppliers to resolve invoice queries. In the event that a resolution cannot be made, the query is escalated to the relevant Manager to agree a solution.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No