BABCOCK RAIL LIMITED

Company number: 02999826

Reporting period:
1 October 2022 to 31 March 2023

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This report was filed on 25 April 2023

and approved by James Parker

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

• within 30 days: 80%
• in 31 to 60 days: 18%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 4%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

Standard payment terms are generally in the range of 30 to 60 days. Small and micro suppliers are on 30 day terms.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Relationships with our suppliers are important to us and we rely on our suppliers to deliver high quality goods and services in order to meet the needs of our customers. Our purchase contracts specify dispute escalation processes. We commit to treating suppliers fairly, and intend to resolve any identified disputes as quickly as possible. Point of contact details are provided on purchase orders.

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, this business has not signed up to a code of conduct or standards on payment practices.

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