BSH HOME APPLIANCES LIMITED
Company number: 01844007
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
31 January 2025
Approved by:
Nigel Eccles
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 47%
- in 31 to 60 days: 48%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 51%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
60 days
Standard payment terms
Majority of our vendors payment terms are 30 days with some more than this period between 31-60 days plus Direct Debits taken on specific dates
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
As a company, we deeply value our suppliers, irrespective of their scale, and are dedicated to ensuring they receive prompt and fair payments without any prejudice. Our strong support for small businesses and local enterprises underscores our commitment to their success. We negotiate payment terms in relation to the size and financial stability of the supplier; we have a single weekly payment run & determine payment to ensure on average suppliera re paid within the agreed terms
Any other information about payment terms
No further comment provided
Dispute resolution process
Current disputes process with any vendors are dealt with via communication between our outsourced accounts payable department and the vendor and coming to an agreement of what issue is and how to resolve.
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