BUILDING SOLUTIONS (NATIONAL) LIMITED

Company number: 11912299

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 29 July 2020

and approved by Amanda Huddlestone

Payment statistics

Average time taken to pay invoices: 59 days

Invoices paid:

• within 30 days: 6%
• in 31 to 60 days: 41%
• in 61 days or more: 54%

Invoices due but not paid within agreed terms: 92%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Our standard payment terms are mostly 30 days end of month (EOM) and 60 days end of month (EOM) from the supplier invoice date. On average it takes two days from invoice receipt for the invoice being posted to our ledger. We perform weekly payment runs.

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

90 days

No further comment provided

Any other information about payment terms

Our standard payment terms are mostly 30 days end of month (EOM) and 60 days end of month (EOM) from the supplier invoice date. On average it takes two days from invoice receipt for the invoice being posted to our ledger. We perform weekly payment runs.

Dispute resolution process

We aim to resolve all disputes promptly and will normally do so by raising an abeyance note (request for credit note) to the supplier detailing the query, followed by contacting suppliers directly. The invoice is processed on the system and put on hold until resolved. This is done by the Site Accountant on each of our sites.

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