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BRAND ENERGY & INFRASTRUCTURE SERVICES UK, LTD.

Company number: 08729615

Reporting period:
1 January 2019 to 30 June 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 30 July 2019

and approved by James Maskell

Payment statistics

Average time taken to pay invoices: 42 days

Invoices paid:

• within 30 days: 39%
• in 31 to 60 days: 40%
• in 61 days or more: 21%

Invoices due but not paid within agreed terms: 69 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

Standard Payment Terms is 60 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

N/A

Dispute resolution process

In the event of any dispute or disagreement arising out of or in connection with this agreement or any breach thereof ("Dispute") either party may serve notice upon the other setting out brief details of the Dispute that has arisen ("Notice of Dispute") and the parties shall use their best endeavours to settle such Dispute by good faith negotiation in the first instance by the Buyer’s Representative and the Seller’s Customer Service Representative.
If the Dispute cannot be resolved within 14 days from service of the Notice of Dispute (or such other period as they shall agree in writing) by the personnel described in clause 15.1 then the parties shall submit the Dispute to the Buyer’s Procurement Manager and the Seller’s Manager; and
If the Dispute cannot be resolved within 28 days from service of the Notice of Dispute (or such other period as they shall agree in writing) by the personnel described in clause 15.2 then the parties shall submit the Dispute to the Buyer’s Managing Director and the Seller’s Managing Director.
In the event the Dispute is not resolved within 42 days after it is arisen then the Buyer or Seller may refer the Dispute to litigation through the courts in which case clause 16.13 shall apply.

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