BLACKBERRY UK LIMITED
Company number: 04022422
Reporting period:
1 September 2023 to 29 February 2024
Report filed on:
18 April 2024
Approved by:
Jay Chai
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 1%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
75 days
Standard payment terms
The business’ standard payment terms for all new suppliers is 75days from the date that an invoice is received. In special circumstances or due to legacy agreements, the contractual length of time may vary from this.
The majority of vendors are set up with either Net 30 or Net60 days(the amount of days paid after the invoice date). The various payment terms are as below: Net 7 DaysNet10 Days Net14Days Net 15 Days Net 20Days Net 25Days Net 30 Days Net45 Days Net 60 Days Net 75Days
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
120 days
N/a
Any other information about payment terms
Whilst BlackBerry UK Limited standard terms for normal commercial relationships are 75 days, there are a number of business units that have payment terms considerably lower than this. Some of these lower terms are based on critically of service, industry standards and other key criteria monitored by executive leadership.
Dispute resolution process
BlackBerry UK Limited actively seeks to resolve disputes through open and honest communication between the supplier, and the BlackBerry Accounts Payable, Procurement or Business teams responsible for the relationship with the supplier. This involves proactive email and/or phone communication with the supplier. Should this fail, disputes are escalated to the relevant Business Leader(s) and VP, Controller at BlackBerry.
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.
Yes
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