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BABCOCK TRAINING LIMITED

Company number: 02817838

Reporting period:
1 April 2021 to 30 September 2021

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

This report was filed on 29 October 2021

and approved by James Parker

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 75%
• in 31 to 60 days: 21%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 4 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

45 days

Standard payment terms

standard payment terms are 30 days

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

No

Maximum contractual payment period agreed

45 days

Any other information about payment terms

small suppliers (49 or less employees) 97% paid within 30 days

Dispute resolution process

Any queries regarding invoice amount or company billed are dealt with by Accounts Payable. Accounts Payable have a 5 day turn around to process invoices and any issues regarding amount/company would be further discussed with the supplier and included within this time. Queries relating to the goods or services are dealt with by the requestor on an individual case by case basis where discussions will be held with the supplier on a timely basis to achieve 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