BROTHER U.K. LIMITED
Company number: 00029301
Reporting period:
1 October 2020
to 31 March 2021
This report was filed on 30 April 2021
and approved by Phillip Stuart Jones
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 23%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 21 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
61 days
Standard payment terms
rom Dec 2018 Brother UK would normally expect to initiate payment by Bacs transfer at least 3 working days before the end of the month in which payment falls due, to ensure that suppliers receive their cleared payments before the end of that month. These terms may vary in accordance with individual agreements with suppliers. Credits to Brother UK 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
61 days
Terms are 30 days net monthly: payment is due by the end of the month following the date of invoice
Any other information about payment terms
N/A
Dispute resolution process
Payment queries and all invoices should be directed to the Accounts department who can be contacted on the following email address: BUKBrotherAccountsPayable@Brother.co.uk.Any disputes are resolved by discussion between the Supplier, the BUK Department responsible and Finance. Every effort is made to resolve issues quickly and fairly, including prompt payment on resolution.
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