BRITISH CABLES COMPANY LIMITED
Company number: 08118255
Reporting period:
1 April 2018
to 30 September 2018
This report was filed on 29 October 2018
and approved by Kevin Samuel
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 50%
- in 61 days or more: 16%
Invoices due but not paid within agreed terms: 1 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
We have standard payment terms of 30 days from date of invoice for UK suppliers and 60 days fro suppliers abroad
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
No
Any other information about payment terms
No
Dispute resolution process
In any kind of invoice dispute the first point of contact is our Cash & Credit Manager, her contact details are claire.walsh@bt.com, Telephone: 0161 741 2262. Claire would speak to relevant departments and help and aid the process of invoice disputes.
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