BRITISH SALT LIMITED
Company number: 06398227
Reporting period:
1 October 2022 to 31 March 2023
Report filed on:
27 April 2023
Approved by:
John Abbotts
Payment statistics
Average time taken to pay invoices: 73 days
Invoices paid:
- within 30 days: 11%
- in 31 to 60 days: 20%
- in 61 days or more: 69%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 20%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
end of second month plus 3 days (63 days)
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
63 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
In the event of a payment dispute, the company's approach is to liaise with the vendor in order to reach mutually satisfactory resolution. The timescale will vary depending on the nature or complexity of the dispute.
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