GOV.UK
BOAL U.K. LIMITED
Company number: 02194180
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 29 January 2019
and approved by Paul Donkers
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 31%
- in 61 days or more: 17%
Invoices due but not paid within agreed terms: 28 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
91 days
Standard payment terms
Our main personnel supplier is on
immediate payment. Small suppliers are
usually on 30 days net. Large suppliers are
on 60 days net or 60 days end of month,
which gives Standard payment terms of
between 61 and 91 days. Small suppliers
are paid by BACS on the Wednesday of the
week that the invoice falls due, meaning that
they receive funds on the Friday of the week
that the invoice falls due.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
91 days
This relates to
suppliers on 60
day end of
month terms.
These
generally apply
to large
suppliers.
Any other information about payment terms
N/A
Dispute resolution process
Disputed
invoices are
usually dealt
with by our
finance team
contacting the
supplier. It is
escalated to
management
in both entities
if not resolved
at a lower
level.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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