BRIGGS EQUIPMENT UK LIMITED
Company number: 05895588
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
11 December 2025
Approved by:
Peter Brian Jones
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 16%
- in 31 to 60 days: 47%
- in 61 days or more: 37%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 12%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
60 days
Standard payment terms
In September 2024, our standard payment terms were revised from 30 days end of month (EOM) to 60 days EOM.
Were there any changes to the standard payment terms in the reporting period?
In September 2024, our standard payment terms were revised from 30 days end of month (EOM) to 60 days EOM.
Were suppliers notified or consulted about these changes before they were made?
In September 2024, our standard payment terms were revised from 30 days end of month (EOM) to 60 days EOM. To ensure transparency and supplier engagement: 1) A formal notification letter was issued to our suppliers by our Managing Director, Peter Jones. 2) Suppliers who did not accept the revised 60 days EOM terms were invited to contact us directly to discuss and agree on mutually acceptable payment arrangements. This approach ensured that all suppliers were informed and had the opportunity to raise concerns or negotiate alternative terms where necessary.
Maximum contractual payment period agreed
75 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Suppliers email SupplierQueries@briggsequipment.co.uk where the inbox is manned daily & all emails responded to for any query for Accounts Payable.
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.
No
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