BABCOCK INTEGRATED TECHNOLOGY LIMITED
Company number: 06717269
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
30 October 2018
Approved by:
Derek Jones
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 28%
- in 61 days or more: 16%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 40%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
60 days from receipt of invoice, unless different terms have been agreed with individual suppliers
Were there any changes to the standard payment terms in the reporting period?
Transfer by agreement to 60 Days Net
Were suppliers notified or consulted about these changes before they were made?
Changes to payment terms have been made by agreement via a contract amendment.
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Relationships with our suppliers are important to us. We rely on our suppliers to deliver high quality goods and services in order to meet the needs of our own customers. Suppliers will usually be notified in the event of any disputes, and our purchase contracts specify dispute escalation processes. We commit to treating suppliers fairly, and intend to resolve any identified disputes as quickly as possible. Point of Contact details are provided on purchase orders.
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.
Yes, this business has signed up to: Prompt Payment Code
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