Company number: 01800000
and approved by Simon Lowth
Average time taken to pay invoices: 47 days
Invoices paid:
Invoices due but not paid within agreed terms: 3%
30 days
60 days
British Telecommunications plc standard payment terms for contracted suppliers are 30 days for smaller suppliers and 60 days for larger suppliers. Some suppliers have mutually agreed non-standard longer terms (maximum 120 days) and others have agreed shorter non-standard terms (e.g. Government contracts on 30 days).
Answer not provided
N/A
120 days
No further comment provided
A small number of suppliers in specialist industry categories, have mutually agreed to longer non-standard payment terms than our standard payment terms (30 and 60 days). BT PLC operates daily and weekly payment runs aligned to due dates
BT Group have a standard dispute resolution process across all suppliers payments. First point of contact is Accounts Payable, through contact points on website see link.https://groupextranet.bt.com/selling2bt/accounts_payable.html
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Prompt payment code
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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.
Yes
No
No