BROTHER INTERNATIONAL EUROPE LIMITED
Company number: 00664172
Reporting period:
1 October 2020
to 31 March 2021
This report was filed on 30 April 2021
and approved by Isao Noji
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 59%
- in 31 to 60 days: 40%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 56 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
42 days
Standard payment terms
Brother International Europe would normally expect to agree payment terms of 30 days but may vary in accordance with individual agreements with suppliers Credits to Brother International Europe are offset against the next available payments
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
43 days
Any other information about payment terms
N/A
Dispute resolution process
Payment queries are directed to the Accounts department. Any disputes are to be resolved by the responsible Departments of the company. In the rare event that a resolution cannot be reached disputes can be escalated to the finance leadership team.
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
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