BRITANNIA REFINED METALS LIMITED

Company number: 00252455

Reporting period:
1 July 2023 to 31 December 2023

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This report was filed on 24 January 2024

and approved by Carole Constant

Payment statistics

Average time taken to pay invoices: 21 days

Invoices paid:

• within 30 days: 88%
• in 31 to 60 days: 11%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 15%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

120 days

Standard payment terms

Provided the goods / services supplied comply with the terms and conditions of the Order, the supplier shall be entitled to submit their invoice, clearly stating the Order Number and item number to: accountspayable@glencore.uk.com or Accounts Payable – Britannia Refined Metals Botany Road, Northfleet GRAVESEND, KENT, DA11 9BG Payment of the invoice shall be made within 30 days from the end of month of invoice, or in accordance with such trading terms as agreed between you and Britannia Refined Metals.

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

120 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Britannia Refined Metals has a purchase ledger department which is contactable by phone or email. Vendors with invoice queries should contact the purchase ledger department initially. They will endeavour to resolve the query with the appropriate responsible officer.

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