BENSONSFORBEDSRETAIL LTD
Company number: 12528962
Reporting period:
1 October 2024 to 31 March 2025
Report filed on:
24 June 2025
Approved by:
Joseph Hennigan
Payment statistics
Average time taken to pay invoices: 57 days
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 33%
- in 61 days or more: 41%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 37%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Standard terms for stock suppliers are 60 days from date of invoice, alternative terms may be agreed by exception with suppliers. Standard terms for non-stock invoices are 30 days from date of invoice, alternative terms may be agreed by exception with suppliers.
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
No further comment provided
Dispute resolution process
Liaison with supplier in first instance to see if there is an error/issue. If un-resolvable between Accounts Payable Department and Supplier the dispute is escalated to the contact who manages the relationship with the supplier in order to resolve.
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