Published reports

BATLEYS PROPERTIES LIMITED

Company number: 00170410

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

Reporting period:

1 July 2023 to 31 December 2023

Report filed on:

20 February 2024

Approved by:

Dawood Pervez

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

within 30 days: 74%
in 31 to 60 days: 17%
in 61 days or more: 9%

Late and disputed:

payments due in the reporting period which have not been paid within the agreed period: 66%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

45 days

Standard payment terms

Bestway agree standard payment terms that vary between 7 and 45 days depending on size of supplier and products they sell. Most suppliers are currently paid on weekly payment runs.

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

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

N/A

Maximum contractual payment period agreed

45 days

n/a

Any other information about payment terms

N/A

Dispute resolution process

Invoices in dispute go on hold, and are discussed between the Accounts Department, Trading and the Supplier. Once resolved, the invoice will go forward for payment in accordance with its normal payment terms. If resolved after the payment due date, the invoice is paid on the supplier’s next payment run.

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.

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?