BROWN SHIPLEY & CO. LIMITED
Company number: 00398426
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
19 July 2024
Approved by:
Andrew Kyle
Payment statistics
Average time taken to pay invoices: 20 days
Invoices paid:
- within 30 days: 81%
- in 31 to 60 days: 10%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 19%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Brown Shipley accepts the payment terms of the Supplier when a contract is first entered into. Where no payment terms are specified by the Supplier, Brown Shipley will apply standard payment terms of 30 days from the date of invoice. Brown Shipley does not make any distinction between different suppliers and all suppliers are treated equally.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
With effect from 1 October 2023, Brown Shipley has implemented a new invoicing system and decentralised the purchase ledger function therefore each function is now responsible for processing their own invoices. If a dispute were to arise between the Supplier and Brown Shipley all communication would be made directly to the function and relationship owner with the Supplier. in the unlikely event that the dispute cannot be resolved in this manner it would be escalated to a senior member of the Finance team. At Brown Shipley we aim to resolve issues on the day they arise if possible.
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