BETA This is a new service – your feedback will help us to improve it.

BROTHER U.K. LIMITED

Company number: 00029301

Reporting period:
1 April 2018 to 30 September 2018

---

This information is as reported by the business, and responses are in their own words.

This report was filed on 30 October 2018

and approved by Phillip Stuart Jones

Payment statistics

Average time taken to pay invoices: 42 days

Invoices paid:

• within 30 days: 23%
• in 31 to 60 days: 67%
• in 61 days or more: 10%

Invoices due but not paid within agreed terms: 19 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

67 days

Standard payment terms

Brother UK would normally expect to initiate payment by Bacs transfer to suppliers on the first working day after the end of the month following the date of invoice. These terms may vary in accordance with individual agreements with suppliers.Credits to Brother UK are offset against the next available payments

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

No

Maximum contractual payment period agreed

67 days

Terms are payment on the first working day after the end of the month following the date of invoice.

Any other information about payment terms

N/A

Dispute resolution process

Payment queries and all invoices should be directed to the Accounts department who can be contacted on the following emial 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 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