BRIDGESTONE UK LIMITED
Company number: 01040790
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
17 July 2018
Approved by:
Robin Shaw
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 32%
- in 31 to 60 days: 50%
- in 61 days or more: 18%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Our standard payment terms for "normal" suppliers are 30 days. We do have a lot of suppliers who are also our customers, our terms for these contract tend to be aligned to the terms they pay Bridgestone.. This is more often than not, 60 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
90 days
As mentioned above, we have suppliers who are also our customers, our payment terms are usually aligned to the terms they have to pay Bridgestone
Any other information about payment terms
No further comment provided
Dispute resolution process
Suppliers should contact our shared service centre in Poland via email or free phone/low cost number. Queries can be escalated to our local office.
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.
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