BROTHER U.K. LIMITED
Company number: 00029301
Reporting period:
1 April 2023 to 30 September 2023
Report filed on:
31 October 2023
Approved by:
P S Jones
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 25%
- in 61 days or more: 6%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 30%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
61 days
Standard payment terms
Terms are 30 days net monthly: payment is due by the end of the month following the date of invoice (no change from the previous report).
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
61 days
Terms are 30 days net monthly: payment is due by the end of the month following the date of invoice (no change from the previous report).
Any other information about payment terms
No further comment provided
Dispute resolution process
Payment queries and all invoices should be directed to the accounts department who can be contacted on the following email address: BUKBrotherAccountsPayable@Brother.co.uk. Any disputes are resolved by discussion between the Supplier, the BUK Department responsible and Finance. Every effort is made to resolve issues quickly and fairly, including prompt payment on resolution.
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 Fair 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