BLUM UK
Company number: 02141589
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
27 January 2026
Approved by:
Matthew Glanfield
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 94%
- in 31 to 60 days: 5%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
The standard payment terms is 30 days date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
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
No further comment provided
Dispute resolution process
Engage with the Vendor
Upon identification of a discrepancy or issue, initiate communication with the vendor to seek clarification and resolution. This may include requesting supporting documentation such as proof of delivery, service confirmation, or any other relevant evidence.
Request Remedial Action
If the vendor confirms an error, request the appropriate corrective measure. This may involve the issuance of a credit note, replacement goods, revised documentation, or any other agreed rectification.
Finalise Invoice Processing
Once satisfactory evidence has been provided and any corrective actions have been completed, proceed with the approval and payment of the invoice in accordance with standard financial procedures.
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