GOV.UK
BT SOLUTIONS LIMITED
Company number: 04573373
Reporting period:
1 October 2019
to 31 March 2020
This report was filed on 28 April 2020
and approved by Nicola Brenchley
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 54%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 8 %
Payment terms
Shortest standard payment period
42 days
Longest standard payment period
60 days
Standard payment terms
BT Solutions Limited standard payment terms for contracted suppliers are 60 days from receipt of a valid invoice.
Some suppliers have mutually agreed other terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
BT Solutions Limited standard payment terms for contracted suppliers are 60 days from receipt of a valid invoice.
Some suppliers have mutually agreed other terms.
BT Solutions Limited operates weekly, fortnightly, monthly payment run frequencies
Any other information about payment terms
We offer Supplier Finance Facility to most suppliers
https://groupextranet.bt.com/selling2bt/articles/accounts_payable/supplier_finance.htm
Dispute resolution process
BT Group, including BT Solutions Limited, have standard dispute resolution process across all suppliers payments.
First point of contact is Accounts Payable, through contact points on website see link.
https://groupextranet.bt.com/selling2bt/accounts_payable.html
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.
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.
Yes
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