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BCA FLEET SOLUTIONS LIMITED

Company number: 05377252

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 29 April 2019

and approved by David Seabridge

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

• within 30 days: 29%
• in 31 to 60 days: 54%
• in 61 days or more: 17%

Invoices due but not paid within agreed terms: 26 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

60 days

Standard payment terms

Standard payment terms are either 30 days or 45 days end of month following the invoice date. Payment terms outside of standard terms may be agreed if this provides mutual commercial benefit.

The Company makes payments on a weekly basis. As a result, payments may be received by the supplier shortly after the due date. If a payment falls due on a bank holiday or weekend, payments will be issued in the next payment cycle. For contracted labour, payments are made on 14 day terms due to nature of the service provided. There are a number of suppliers who are paid by regular direct debit.

In order for payments to be made in line with payment terms, invoices must include the purchase order number, and all other required documents must also be provided.

Standard payment terms as reported here are impacted by payment terms to companies within the BCA Group.

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

N/A

Dispute resolution process

Disputes should be raised in the first instance with the Accounts Payable team by email to BCAFSPurchaseLedger@bca.com. The team will investigate within 5 working days and a response will then be issued to the supplier. Should this team be unable to resolve a dispute, they would refer to the supplier’s applicable contract, which will inform the procedure to be followed to resolve a dispute.

Although the Company aims to resolve queries with suppliers in a timely manner, the actual timescale for resolution will vary depending on the underlying query.

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