BEVERAGE SERVICES LIMITED
Company number: 02072395
Reporting period:
1 July 2023 to 31 December 2023
Report filed on:
24 January 2024
Approved by:
Clara Leal
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 36%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 37%
Payment terms
Shortest standard payment periods
5 days
Longest standard payment period
120 days
Standard payment terms
For any vendor with USD 150,000 or greater in annual aggregate spend (e.g., aggregating all related subsidiaries under the overall payment company), the Company’s default payment terms are net 120 days or greater from invoice date, subject to local laws and regulations. Vendors with less than USD 150,000 in annual aggregate spend may remain on the net 60 days payment terms.
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
120 days
na
Any other information about payment terms
na
Dispute resolution process
There is a team dedicated to handling queries. Queries are logged and a "ticket" raised to track the timing of resolution. The issue will be directed to the appropriate team (depending on the nature of the query) .
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.
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