BLEMAIN FINANCE LIMITED
Company number: 01185052
Reporting period:
1 January 2023
to 30 June 2023
This report was filed on 27 July 2023
and approved by Gary Beckett
Payment statistics
Average time taken to pay invoices: 54 days
Invoices paid:
- within 30 days: 51%
- in 31 to 60 days: 26%
- in 61 days or more: 23%
Invoices due but not paid within agreed terms: 49 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Payment to be made 30 days from receipt of an accurate invoice
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
Complaints can be made in any format and will be considered by the Finance Operations Department. Senior Management within the Finance Operations Department will seek to understand the root cause of the complaint and resolve at first instance where possible. If necessary this will involve liaising with the relevant business unit for assistance in resolving the complaint. If required, the complaint will be escalated to executive management for resolution. We aim to resolve all complaints within 8 weeks following receipt of the complaint.
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