BOYS & BODEN, LIMITED
Company number: 00215444
Reporting period:
1 April 2021 to 30 September 2021
Report filed on:
7 December 2021
Approved by:
Dean Hammond
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 5%
- in 31 to 60 days: 74%
- in 61 days or more: 21%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 31%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
The company aims to pay suppliers in line with agreed payment terms. When no agreement exists, the company will pay suppliers 30 days from end of month. Service invoices are paid within 7 days.
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
90 days
No further comment provided
Any other information about payment terms
Supplier invoices are matched to purchase orders. If the supplier invoice contains products which were not delivered or if there is a price query, the invoice is held until we have received all shortage claims or credit notes.
Dispute resolution process
Claims for shortages are sent to the supplier as soon as goods are received. Claims for pricing errors are sent to the supplier when the invoice is matched. Invoice that are subject to a dispute will not be paid until the issue is resolved. Suppliers are chased for resolution of any queries. Once queries are resolved, payment will be made for overdue invoices on the next payment run for that supplier.
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