BSW TIMBER SOLUTIONS LTD
Company number: 02541468
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
30 January 2026
Approved by:
John Bruce McKay
Payment statistics
Average time taken to pay invoices: 50 days
Total value paid:
- within 30 days: £17,458,608 (18%)
- in 31 to 60 days: £43,646,559 (46%)
- in 61 days or more: £33,518,813 (35%)
Invoices paid:
- within 30 days: 22%
- in 31 to 60 days: 45%
- in 61 days or more: 33%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £21,797,910
- payments due in the reporting period which have not been paid within the agreed period: 17%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
10 days
Longest standard payment period
90 days
Standard payment terms
BSW Timber Solutions has a range of payment terms, the most common being net monthly terms which equates to an average of 45 days. The company does a payment run every week to ensure on time payments, especially where the payment terms are calculated from the data of the invoice (i.e. not net monthly or net 2 monthly).
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The company has a generic email address to handle such queries, and uses an online Purchase Ledger portal, so any queries would be pushed back to the person who placed the order via that system. If something cannot be agreed by that person, it would be escalated to the Financial Controller, the Finance Director, and eventually the Managing Director in extreme circumstances.
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.
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