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BABCOCK SUPPORT SERVICES LIMITED

Company number: SC099884

Reporting period:
1 October 2018 to 31 March 2019

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This information is as reported by the business, and responses are in their own words.

This report was filed on 24 April 2019

and approved by Neal Misell

Payment statistics

Average time taken to pay invoices: 20 days

Invoices paid:

• within 30 days: 80%
• in 31 to 60 days: 18%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 34 %

Payment terms

Standard payment period for qualifying contracts

7 days

Standard payment terms

Standard terms are 30 days. There are suppliers on shorter payment terms(7/14/60 days/Immediate) but the majority are on 30 days

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

BSSL consists of multiple business units / contracts. The majority of these are now complete or dormant and therefore the two operational elements are PSSD/SGI/BIS/Infrastructure/UKMFTS/Company 60 and Air Power International (2220 not Air Power International Limited which is dormant and holds only a cash balance within 2220). PSSD represent 90% of total invoices processed in period and API the balance of 10%.

Dispute resolution process

PSSD: Through Vendor Invoice Management (VIM) - invoices in query (quantity or value against goods receipt).
API: Invoices are received in the API office, any invoices that don't match the original order are marked as in query and dealt with by API office manager before they are sent to us for processing.

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.

Yes – BEIS

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