BRITA WATER FILTER SYSTEMS LIMITED
Company number: 02700375
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
25 July 2018
Approved by:
Sarah Taylor
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 41%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 18%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard payment terms stated on our purchase orders are 30 days net. This means that payment will be made to our suppliers so that it is in their account 3 days after the invoice date (or following business day should this fall on a weekend or public holiday).
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
51 days
Payment terms to Group Companies are the 20th of the following month.
Any other information about payment terms
Of the invoices due but not paid within the agreed terms (18% above), two thirds were paid within a further 10 days of our standard payment period.
Dispute resolution process
Any queries should be raised to our Accounts Payable team via the e-mail address purchaseledger@brita.co.uk or calling the main telephone number that is on the purchase order. Queries will be dealt with according to our internal processes and dealt with as quickly as possible.
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