BABCOCK SUPPORT SERVICES LIMITED
Company number: SC099884
Reporting period:
1 October 2018 to 31 March 2019
Report filed on:
24 April 2019
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%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 34%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
Answer not provided
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
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
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: 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