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Company number: 00162636

Reporting period:
27 September 2020 to 27 March 2021

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

This report was filed on 25 April 2021

and approved by Ian Brimicombe

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

Invoices due but not paid within agreed terms: 15 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

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.

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

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 paymentperiod 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.

Any other information about payment terms

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.

Dispute resolution process

Disputes can be raised by suppliers to Burberry by emailing the UK accounts payable mailbox

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.

Yes – Prompt Payment Code

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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?