BURLINGTOWN UK LIMITED

Company number: 06424232

Reporting period:
1 January 2018 to 30 June 2018

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This report was filed on 24 July 2018

and approved by Graziela Cutrale

Payment statistics

Average time taken to pay invoices: 11 days

Invoices paid:

• within 30 days: 98%
• in 31 to 60 days: 2%

Invoices due but not paid within agreed terms: 1%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

35 days

Standard payment terms

The company’s policy is that invoices received and approved before 11th of each month are paid on or around 15th of the month. Suppliers are informed of this policy and are encouraged, as far as they can, to align their invoicing procedures to ensure payment can be made within the shortest period. In addition, direct debit arrangements are put in place for many regular suppliers (e.g. utilities).

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

35 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

The company has a small staff and the number of payments is not significant. Disputes with suppliers are rare occurrences and are managed by the office manager (for London office invoices), the trading manager (for Bristol terminal and trading invoices) or the CFO (for financial and legal matters).

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