Published reports

BUSY BEES DAY NURSERIES (TRADING) LIMITED

Company number: 03229362

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 July 2020 to 31 December 2020

Report filed on:

30 January 2021

Approved by:

Matthew Muller

Payment statistics

Average time taken to pay invoices: 51 days

Invoices paid:

within 30 days: 4%
in 31 to 60 days: 80%
in 61 days or more: 16%

Late and disputed:

payments due in the reporting period which have not been paid within the agreed period: 28%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Our standard payment period is 30 days end of month (30 days EOM).

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

30 days

Our standard payment period is 30 days end of month (30 days EOM).

Any other information about payment terms

N/A

Dispute resolution process

Any dispute or complaint will be considered by the Purchase Ledger Administrators and Purchase Ledger Manager as soon as the issue is raised. They will communicate with suppliers in order to achieve a resolution as soon as possible.

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.

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.

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?