Company number: 04090249
and approved by Mark Cotter
Average time taken to pay invoices: 61 days
Invoices paid:
Invoices due but not paid within agreed terms: 76%
7 days
90 days
Standard contractual terms for goods and services is 30 days. For the Bulk Stock suppliers the standard contractual terms is 90 days.
Yes – BMB have successfully made the last of the CVA dividend payments in the year. BMB are continuing to work with Bulk Stock suppliers to renegotiate payment terms to better match the product life-cycle.
Yes – suppliers were consulted throughout the negotiation processes to achieve an agreed outcome.
120 days
NA
NA
The main point of contact for disputes in the Accounts Payable Team based at the Leeds Head Office. When an invoice is disputed, the supplier is required to provide any missing information or a corrected invoice to supplier.queries@bmb-clothing.com. The PO number is communicated by BMB employee at the time of placing the order.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No