PLUSNET PLC
Company number: 03279013
Reporting period:
1 April 2020 to
30 September 2020
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