BT FACILITIES SERVICES LIMITED
Company number: 04054291
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
30 October 2018
Approved by:
Graeme Paton
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 16%
- in 31 to 60 days: 69%
- in 61 days or more: 15%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 25%
Payment terms
Shortest standard payment periods
42 days
Longest standard payment period
60 days
Standard payment terms
BT Group standard payment terms for contracted suppliers are 60 days from receipt of a valid invoice, for off-contract this is 42 days. Some suppliers have mutually agreed shorter non standard terms.
https://groupextranet.bt.com/selling2bt/accounts_payable.html (Link to BT Payment Practices)
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
60 days
BT operates weekly, fortnightly, monthly payment run frequencies.
Any other information about payment terms
Intercompany payments are excluded from the reported results.
Financial Services suppliers are included in the DTR calculation, and there is minimal impact on the results from their inclusion
Unpaid invoices outstanding are not included in the figures as they will not materially alter the results
The agreed payment terms includes the period between the original system due date, and the next available payment run, dictated by the pay group
Dispute resolution process
https://groupextranet.bt.com/selling2bt/accounts_payable.html (Link to BT Payment Practices)
BT Group have standard dispute resolution process across all suppliers payments. First point of contact is Accounts Payable, through contact points on website see link.
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.
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