GOV.UK
BUNZL UK LIMITED
Company number: 02902454
Reporting period:
1 January 2021
to 30 June 2021
This report was filed on 30 July 2021
and approved by George Tarratt
Payment statistics
Average time taken to pay invoices: 69 days
Invoices paid:
- within 30 days: 12%
- in 31 to 60 days: 30%
- in 61 days or more: 58%
Invoices due but not paid within agreed terms: 28 %
Payment terms
Standard payment period for qualifying contracts
75 days
Standard payment terms
Bunzl Retail & Healthcare Supplies Limited does not operate with standard payment terms and negotiates payment terms individually with suppliers based on the commercial situation and these payment terms are not specifically dependent on their product/service or company size. Terms can be either a set number of days from receipt of goods or date of invoice, or end of month plus a set number of days after receipt of goods or date of invoice.
The agreed payment terms with suppliers range from payable immediately to the longest agreed payment terms which are payable 120 days from the end of month with the standard payment terms reported (of 45 days) the most frequently used.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
105 days
Any other information about payment terms
N/A
Dispute resolution process
Bunzl works closely with its suppliers to resolve any dispute in a cordial fashion. Queries raised by the supplier are dealt with by the relevant Accounts payable team in the first instance. Depending on the issue, the Procurement team may be involved to resolve any disputes or issues.
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.
Yes
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