BELL GROUP LTD

Company number: SC114142

Reporting period:
1 April 2024 to 30 September 2024

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This report was filed on 30 October 2024

and approved by Lynne Thomson

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

• within 30 days: 36%
• in 31 to 60 days: 44%
• in 61 days or more: 20%

Invoices due but not paid within agreed terms: 4%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Purchase ledger payment terms, unless stated otherwise, will be 60 days from the end of the month the invoice is received. Subcontractor ledger payment terms vary between 30 and 60 days from the date of valuation dependent on the subcontractor agreement.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

Purchase ledger payment terms will be 60 days from the end of the month the invoice is received.

Any other information about payment terms

N/A

Dispute resolution process

Bell Group Ltd recognise the strategic importance of supply chain partners and are committed to treating them fairly at all times. Our aim is to resolve any disputes in a timely manner, through open and constructive discussion. Any disputes would initially be discussed with the ordering party. If this does not resolve the situation then the matter should be escalated to the purchase ledger manager who will endeavour to resolve the dispute in good faith within 30 days from the date the dispute was referred to them.

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, 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