GOV.UK
BELRON UK LIMITED
Company number: 00494648
Reporting period:
1 July 2021
to 31 December 2021
This report was filed on 28 January 2022
and approved by Andrew Bentley
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 19%
- in 61 days or more: 21%
Invoices due but not paid within agreed terms: 88 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
60 days
Standard payment terms
Our most frequently used payment
term is 30 Days Net however we are
moving to either 30 days EOM or 60
days EOM terms following contract
negotiations with suppliers
Were there any changes to the standard payment terms in the reporting period?
Yes –
We are moving the business to 60 Day
EOM terms however this is only after
contract negotiation with our suppliers.
Where contracts are not yet due for
renewal our current terms apply
Were suppliers notified or consulted about these changes before they were made?
Yes –
Contract negotiations, written
communication with suppliers agreeing
revised terms.
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Usually our buyers contact the suppliers
to query incorrect charges or nonreceipt of goods.
For pricing queries our suppliers will
investigate our disputes and raise credit
notes where applicable, however
usually the invoice is held until the
credit has been received before
releasing the payment.
If the dispute is rejected the buyer will
adjust the purchase order value to the
higher amount or advise us of their
approval, at which point the invoice is
released for payment on our next
available payment run.
For non-receipt of goods, we usually
request a Proof of Delivery, which when
received and investigated usually leads
to the order being receipted and the
invoice released for payment.
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