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BRAMMER UK LIMITED

Company number: 00569290

Reporting period:
1 January 2018 to 30 June 2018

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

This report was filed on 31 July 2018

and approved by Mark Dixon

Payment statistics

Average time taken to pay invoices: 53 days

Invoices paid:

• within 30 days: 18%
• in 31 to 60 days: 44%
• in 61 days or more: 38%

Invoices due but not paid within agreed terms: 75 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

31 days EOM 52% of suppliers
61 days EOM 21% of suppliers
30th following month of invoice 10% of suppliers

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

No

Maximum contractual payment period agreed

120 days

120 days 1 active supplier

Any other information about payment terms

N/A

Dispute resolution process

If the dispute is around non-payment of an invoice the query would first be directed to Accounts Payable who investigate the cause of the issue, explain the reason, and locate the correct person/department in the company who can resolve. Should the response not be sufficient from Accounts Payable this can be escalated to the Financial Controller.
If the dispute concerns payment terms the Category Management team will resolve with the supplier. These types of disputes would be escalated to the Commercial Director.

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