GOV.UK
BCA VEHICLE SERVICES LIMITED
Company number: 04031608
Reporting period:
4 April 2022
to 2 October 2022
This report was filed on 28 October 2022
and approved by Steven Tallon
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 49%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 52 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 30 days from the end of month. In some instances, payment terms with specific suppliers may vary from immediate payment up to 30 days from end of month, dependant on the underlying good or service, as well as the payment method.
The company typically issues batches of payments on a weekly basis. If a payment falls due on a bank holiday or weekend, payments will typically be issued on the next business day. As a result, payments will often be received by the supplier shortly after the due date.
In order for payments to be made in line with payment terms, invoices must include the issued Purchase Order number, and all other required documents must also be provided.
Standard payment terms as reported here are also impacted by payment terms to companies within the Group.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
The company will notify suppliers of any disputes on a timely basis. Any supplier queries should be raised directly with the Accounts Payable (AP) team by telephone or email. Queries will be considered and resolved by the AP team in the first instance, through discussion and agreement with the supplier. If the AP team are unable to resolve the query, then this may be escalated internally to the Finance Team, operational staff, or the legal team, depending on the nature of the query. Further escalation is not typically required.
Although the company aims to resolve queries with suppliers in a timely manner, the actual timescale for resolution may vary depending on the underlying query.
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.
Yes
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