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BRUNTWOOD MANAGEMENT SERVICES LIMITED

Company number: 06020655

Reporting period:
1 October 2019 to 31 March 2020


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

This report was filed on 30 April 2020

and approved by Kevin Crotty

Payment statistics

Average time taken to pay invoices: 42 days

Invoices paid:

  • within 30 days: 58%
  • in 31 to 60 days: 28%
  • in 61 days or more: 14%

Invoices due but not paid within agreed terms: 42%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Our standard payment terms are 30 days from invoice date. For Construction Suppliers some agree reduced payment terms based on 14 or 28 days from valuation date but these are usually to assist with their short term cashflow and revert back to standard terms.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

30 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Complaints or disputes relating to payment should firstly be directed to the Accounts Payable team via email to accounts@bruntwood.co.uk or in writing to Trafford House, Chester Road, Manchester M32 ORS. The relevant approver will be contacted within 3 days to resolve directly with the supplier. If no response is forthcoming the dispute can be escalated to the Accounts Payable Manager and then Head of Financial Accounting.

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, 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