BRITISH TELECOMMUNICATIONS PUBLIC LIMITED COMPANY

Company number: 01800000

Reporting period:
1 April 2023 to 30 September 2023

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This report was filed on 31 October 2023

and approved by Simon Lowth

Payment statistics

Average time taken to pay invoices: 51 days

Invoices paid:

• within 30 days: 19%
• in 31 to 60 days: 73%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 8%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

British Telecommunications plc standard payment terms for contracted suppliers are 30 days for smaller suppliers and 60 days for larger suppliers. Some suppliers have mutually agreed non-standard longer terms (maximum 120 days) and others have agreed shorter non-standard terms (e.g. Government contracts on 30 days).

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

Changed payment terms from 57 to 60 days for larger suppliers.

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

Communicated through emails.

Maximum contractual payment period agreed

120 days

A small number of suppliers in specialist industry categories e.g. devices, have mutually agreed to longer non-standard payment terms than our standard payment terms (60 days). BT PLC operates daily and weekly payment runs aligned to due dates.

Any other information about payment terms

N/A

Dispute resolution process

British Telecommunications plc have standard dispute resolution process across all suppliers payments. First point of contact is Accounts Payable, through contact points on website see link.https://groupextranet.bt.com/selling2bt/accounts_payable.html (Link to BT Payment Practices)

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.

Yes, this business has signed up to: Prompt payment code

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.

Yes

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