BRITISH STEEL LIMITED
Company number: 12303256
Reporting period:
29 June 2025 to 27 December 2025
Report filed on:
28 January 2026
Approved by:
Wei Zhang
Payment statistics
Average time taken to pay invoices: 58 days
Invoices paid:
- within 30 days: 25%
- in 31 to 60 days: 25%
- in 61 days or more: 50%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 71%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
105 days
Standard payment terms
British Steel Limited's (BSL) standard payment terms is that payment of undisputed amounts will be made on the last day of the second month after the month of delivery or performance. This is provided the supplier's invoice quotes a relevant Purchase Order Number and the relevant Service Entry Sheet (SES) and that such invoice is received by BSL by the 5th day of the month following the month of the delivery.
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
105 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
BSL has a dedicated Accounts Payable Queries team who review and manage external communications from vendors regarding disputes, payments and general queries. The Queries team can be contacted via email (Purchase.Queries@Britishsteel.co.uk), Monday to Thursday, 8.00am to 4.30pm and Friday, 8.00am to 12.30pm. The Queries team will review each query and respond where applicable or allocate and escalate to other functional areas of the business to review and provide resolution.
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