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PLUSNET PLC

Company number: 03279013

Reporting period:
1 April 2020 to 30 September 2020


This information is as reported by the business, and responses are in their own words.

This report was filed on 29 October 2020

and approved by Stephen Harris

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

  • within 30 days: 14%
  • in 31 to 60 days: 64%
  • in 61 days or more: 22%

Invoices due but not paid within agreed terms: 7%

Payment terms

Shortest standard payment periods

42 days

Longest standard payment period

60 days

Standard payment terms

Plusnet plc standard payment terms for contracted suppliers are 60 days from receipt of a valid invoice, for off-contract this is 42 days.  Some suppliers have mutually agreed other terms.  https://groupextranet.bt.com/selling2bt/accounts_payable.html   Selling to BT

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

60 days

A small number of suppliers in specialist industry categories e.g. Devices, have mutually agreed to longer non standard payment terms than our standard payment terms (60 days). BT operates weekly, fortnightly, monthly payment run frequencies. 

Any other information about payment terms

We offer Supplier Finance Facility to most suppliers. Refer https://groupextranet.bt.com/selling2bt/articles/accounts_payable/supplier_finance.html Selling to BT

Dispute resolution process

BT Group, including Plusnet, have standard dispute resolution process across all suppliers payments. First point of contact is Accounts Payable, through contact points on website see link. https://groupextranet.bt.com/selling2bt

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