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BOSKALIS WESTMINSTER LIMITED

Company number: 00745328

Reporting period:
1 July 2023 to 31 December 2023

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

This report was filed on 2 February 2024

and approved by Shane Ramsey

Payment statistics

Average time taken to pay invoices: 22 days

Invoices paid:

• within 30 days: 87%
• in 31 to 60 days: 11%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 22 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

45 days

Standard payment terms

General purchasing terms and conditions apply to all suppliers with the exception of specific contracts where the contract dictates payment terms. Payment terms are stated as 45 days from the receipt of the relevant invoice.

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

No

Maximum contractual payment period agreed

45 days

Any other information about payment terms

N/A

Dispute resolution process

When an invoice is disputed either the point of contact for the purchase or the purchase ledger department will contact the supplier. To resolve the dispute, the supplier is required to provide any missing information, a credit note and/or a corrected invoice. The invoice will only be sent for payment once this information is received and approved by the relevant personnel.

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