BEWLEY HOMES PLC
Company number: 02585370
Reporting period:
1 October 2018
to 31 March 2019
This report was filed on 30 April 2019
and approved by T Bacon
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 50%
- in 31 to 60 days: 39%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 65 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
Subcontractor Payment Terms:
Our standard payment terms for subcontractors are 14 days from application following completion of work. Provided all work has been completed per the application, our subcontractors will be paid within 14 days of that application
Supplier Payment Terms:
Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period are 30 days from the date of invoice, however terms can range from 7 to 60 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Bewley Homes Plc aims to resolve all disputes promptly and will normally do so by contacting suppliers and subcontractors directly. Any disputes over payment are directed to the Commercial Department and administrative matters to the Accounts Department.
Disputes can be escalated up the management chain if required.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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.
Yes
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