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BROWN SHIPLEY & CO. LIMITED

Company number: 00398426

Reporting period:
1 July 2022 to 31 December 2022

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

This report was filed on 19 January 2023

and approved by Andrew Curran

Payment statistics

Average time taken to pay invoices: 17 days

Invoices paid:

• within 30 days: 99%
• in 31 to 60 days: 1%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 1 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Brown Shipley accepts the payment terms of the Supplier when a contract is first entered into.

Where no payment terms are specified by the Supplier, Brown Shipley will apply standard payment terms of 30 days from the date of invoice. Brown Shipley does not make any distinction between different suppliers and all suppliers are treated equally.

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

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

Brown Shipley uses a centralised mail box and has dedicated staff to manage the Accounts Payable function. If a dispute were to arise between the Supplier and Brown Shipley all communication would be made via this Purchase Ledger mailbox. In the unlikely event that the dispute cannot be resolved in this manner it would be escalated to a senior member of the Finance team. At Brown Shipley we always aim to resolve issues on the day they arise if possible.

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.

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