BNK (UK) LIMITED
Company number: 06527449
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
24 July 2020
Approved by:
A. Dashutin
Payment statistics
Average time taken to pay invoices: 5 days
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
3 days
Longest standard payment period
15 days
Standard payment terms
100% of the value of each batch to be dispatched shall be prepaid 3 working days before the start of dispatch according to Seller's invoice
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
30 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
All disputes and disagreements, which may arise out of or in connection with this Contract, shall, where possible, be settled by amicable negotiations. In the event that amicable negotiations do not lead to a settlement, any dispute and disagreement shall be referred to the arbitration of three arbitrators (LCIA), one to be appointed by each of the parties, and the third by two arbitrators so appointed. The arbitrator shall have its seat in London in English
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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No