BLANC BRASSERIES LIMITED
Company number: 04782459
Reporting period:
29 June 2020 to 31 December 2020
Report filed on:
23 March 2021
Approved by:
Henry Olney
Payment statistics
Average time taken to pay invoices: 112 days
Invoices paid:
- within 30 days: 28%
- in 31 to 60 days: 30%
- in 61 days or more: 42%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 48%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
Blanc Brasseries Limited standard payment terms are as follows: - Payment is made on the last working day of the month following the end of the month in which an invoice is received. - This will mean that invoices will be between 31 and 61 days old at the time of payment.
Were there any changes to the standard payment terms in the reporting period?
Due to the Covid-19 pandemic, the business had no cash receipts during the national lockdowns in March and November. As a result it was not possible to pay all suppliers to terms during this time. Each supplier was approached individually to discuss and arrange a reasonable payment plan to clear the outstanding amounts.
Were suppliers notified or consulted about these changes before they were made?
Open lines of communication have been kept with all suppliers throughout this time, including monthly letters sent from the Managing Director to update on the financial position and any payments that the business was in a position to make.
Maximum contractual payment period agreed
61 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any invoicing or payment enquiries should be directed to suppliercontact@brasseriebarco.com. In case of any disagreements we contact the suppliers directly if there are any disputes. The business will withhold payment until the dispute has been mutually resolved. Once agreement is reached we require a credit note to be issued along with a new corrected invoice.
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.
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