Company number: 00162636
and approved by Ian Brimicombe
Average time taken to pay invoices: 33 days
Invoices paid:
Invoices due but not paid within agreed terms: 15%
30 days
60 days
Other than in exceptional circumstances, Burberry’s standard payment terms are between 30 and 60 days from the date of receipt of a valid invoice.
Answer not provided
N/A
120 days
As part of our ongoing efforts to pay our vendors on time we are pleased to confirm that in this reporting period: (i) 85% of payments made by Burberry were paid within the agreed payment period and (ii) from the date of receipt of a valid invoice an average of 33 days was taken to make a payment to our vendors.
Our standard payment period remains between 30 and 60 days from the date of receipt of a valid invoice. Within this reporting period, we have agreed with a limited number of vendors longer payment terms than our standard payment period.
Disputes can be raised by suppliers to Burberry by emailing the UK accounts payable mailbox Uk.Accountspayable@burberry.com
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: CICM (Chartered Institute Credit Management; prompt payment)
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No