| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 30 | 78% | 19% | 3% | 34% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 25 | 84% | 13% | 3% | 26% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 27 | 82% | 16% | 2% | 22% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 33 | 58% | 38% | 4% | 45% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 34 | 61% | 33% | 6% | 43% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 30 | 84% | 10% | 6% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 14 Jul 2022 | 34 | 69% | 23% | 8% | 40% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 34 | 69% | 23% | 8% | 40% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 40 | 66% | 21% | 13% | 43% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 35 | 59% | 31% | 10% | 48% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 37 | 55% | 32% | 13% | 52% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 30 | 72% | 22% | 6% | 37% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 17 | 86% | 14% | 0% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
There are no standard payment terms as each contractual payment period is derived through agreement between BHSF and the supplier. Generally BHSF complies with the preferred terms of its supplier. There is no distinction in terms between different qualifying contracts. Terms depend on the supplier not the product or service that is being supplied. Whilst there are no standard terms the most common contractual period is 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
There have been no disputes relating to payments during this reporting period and disputes are rare. If there are any queries then these are initially addressed informally by members of the finance department and the supplier. Should that not resolve the query then the matter will be escalated to the Chief Finance Officer or other relevant director.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
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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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
BHSF Limited is a UK insurance entity based in Birmingham, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. It forms part of the BHSF Group, which trades as BHSF and provides health cash plans, personal accident, cancer, income protection and life insurance, alongside employee assistance programmes and wellbeing services for businesses, SMEs, intermediaries and individuals. Originating from a Birmingham friendly society founded in 1873, the wider group describes itself as a profit-for-good provider supporting over 5,000 companies. BHSF Limited's specific role within the group is that of the regulated insurance underwriter, distinct from associated group companies such as BHSF Employee Benefits Limited.
Generated from the company's website and Companies House records. Sources: bhsf.co.uk · bhsf.co.uk · bhsf.co.uk