BELRON UK LIMITED
Company number: 00494648
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
31 July 2025
Approved by:
Andrew Bentley
Payment statistics
Average time taken to pay invoices: 58 days
Total value paid:
- within 30 days: £84,930,754 (85%)
- in 31 to 60 days: £7,563,095 (8%)
- in 61 days or more: £7,115,741 (7%)
Invoices paid:
- within 30 days: 85%
- in 31 to 60 days: 8%
- in 61 days or more: 7%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £80,253,291
- payments due in the reporting period which have not been paid within the agreed period: 81%
- not made in the reporting period due to a dispute: 39%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
70 days
Standard payment terms
30 days Net however we are moving to either 30 days EOM or 60 day EOM following contract negotiations with suppliers
Were there any changes to the standard payment terms in the reporting period?
We are moving the business to our preferred terms of 30 or 60 days EOM, following contract negotiations with suppliers. Where contracts are not due for renewal our current terms apply. There may also be occasion where payment terms may have been reduced.
Were suppliers notified or consulted about these changes before they were made?
Usually via contract negotiations, with written communication with suppliers
Maximum contractual payment period agreed
70 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Usually our buyers contact the suppliers to query incorrect charges or non-receipt of goods. For pricing queries our suppliers will investigate our disputes and raise credit notes where applicable, however usually the invoice is held until the credit has been received before releasing the payment. If the dispute is rejected the buyer will adjust the purchase order value to the higher amount or advise us of their approval, at which point the invoice is released for payment on our next available payment run. For non-receipt of goods, we usually request a Proof of Delivery, which when received and investigated usually leads to the order being receipted and the invoice released for payment.
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.
Yes
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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
Yes