BUILDING SOLUTIONS (NATIONAL) LIMITED
Company number: 11912299
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
11 August 2021
Approved by:
Amanda Huddlestone
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 11%
- in 31 to 60 days: 46%
- in 61 days or more: 43%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 85%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Our standard payment terms are mostly
30 days end of month (EOM) and 60 days
end of month (EOM) from the supplier
invoice date. On average it takes two
days from invoice receipt for the invoice
being posted to our ledger. We perform
weekly payment runs.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
We aim to resolve all disputes promptly
and will normally do so by raising an
abeyance note (request for credit note) to
the supplier detailing the query, followed
by contacting suppliers directly. The
invoice is processed on the system and
put on hold until resolved. This is done by
the Site Accountant on each of our sites.
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 Fair 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.
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