BEWLEY HOMES PLC

Company number: 02585370

Reporting period:
1 October 2021 to 31 March 2022

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

This report was filed on 29 April 2022

and approved by Terry Bacon

Payment statistics

Average time taken to pay invoices: 44 days

Invoices paid:

within 30 days: 52%
in 31 to 60 days: 34%
in 61 days or more: 14%

Invoices due but not paid within agreed terms: 51%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

Subcontract Payment Terms: Our standard payments terms for subcontractor are 14 days from application following completion of work provided all work has been completed per the application. Supplier Payment Terms: Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period are 30 days from the date of invoice, however, terms can range from 7 days to 60 days.

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

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Bewley Homes plc aims to resolve all disputes promptly and will normally do so by contacting suppliers and subcontractors directly. Any disputes over payment are directed to the Commercial department and any administrative matters to the Finance department. Disputes can be escalated to senior management if required.

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?