BRUNTWOOD MANAGEMENT SERVICES LIMITED
Company number: 06020655
Reporting period:
1 April 2019 to
30 September 2019
This report was filed on 8 October 2019
and approved by Kevin Crotty
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 69%
- in 31 to 60 days: 23%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 31%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard payment terms are 30 days from invoice date. For Construction Suppliers some agree reduced payment terms based on 14 or 28 days from valuation date but these are usually to assist with their short term cashflow and revert back to standard terms
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Complaints or disputes relating to payment should firstly be directed to the Accounts Payable team via email to accounts@bruntwood.co.uk or in writing to Trafford House, Chester Road, Manchester M32 ORS. The relevant approver will be contacted within 3 days to resolve directly with the supplier. If no response is forthcoming the dispute can be escalated to the Accounts Payable Manager and then Head of Financial Accounting
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, this business has not signed up to a code of conduct or standards on payment practices.
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