BAT CHINA LIMITED
Company Information
- Company Number
- 00134409
- Registered Address
- Globe House, 1 Water Street, London, WC2R 3LA
- Status
- Active
- Employee Count
- 4
- Turnover
- £30,795,000
- EBITDA
- £3,492,000
Additional Details
- Website
- https://bat.com
- Company Type
- Private limited Company
- Incorporated On
- 6 March 1914
- Nature of Business
- 12000 - Manufacture of tobacco products
- Industries
- Food And Drink
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data for B.A.T. CHINA LIMITED shows that the average time taken to pay invoices has decreased over the past three periods. In the most recent period (Jul 2018 - Dec 2018), the average time to pay was 21 days, which is a significant decrease from the previous period (Jan 2018 - Jun 2018) where it was 32 days. The trend suggests that the company is making efforts to pay their invoices in a timely manner.
Volatility Analysis
The volatility in the data for B.A.T. CHINA LIMITED is relatively low. The percentage of invoices paid within 30 days has remained at 0% for all three periods, indicating that the company consistently pays all their invoices on time. The biggest change in the data can be seen in the percentage of invoices paid between 31 and 60 days, which decreased from 86% in the first period to 69% in the third period.
Summary Analysis
In the past three periods, B.A.T. CHINA LIMITED has shown a positive trend in reducing the average time taken to pay invoices. The percentage of invoices paid within 30 days has remained at 0% for all three periods, indicating that the company consistently pays all their invoices on time. However, the percentage of invoices paid between 31 and 60 days has decreased, which suggests that the company may be facing some challenges in paying invoices within the agreed terms. The worst period for B.A.T. CHINA LIMITED was the first period (Jan 2018 - Jun 2018), where 31% of invoices were paid later than 60 days.
Performance Reports History
| 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 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 21 | 0% | 69% | 31% | 21% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
P030 - 30 days after month end (due at the end of next month) Some contracts contain a fortnightly payment run clause that states Suppliers accept that BAT’s payment processing centres operate a fortnightly payment run system and that, if the due date for payment of the Valid Invoice falls after the fortnightly payment run day in the relevant week, the Valid Invoice will be paid on the following fortnightly payment run day. This clause is agreed with Suppliers as part of the contract negotiation process before it is implemented.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
If suppliers have any queries related to invoices and payments they can contact fsd_uk@bat.com, which acts as an information center. FSD UK will provide details such as status of invoices, date of payments and statement of account reconciliations. For any dispute related to the terms and conditions agreed, FSD UK will direct the suppliers to the relevant BAT personnel to obtain information about their query.
Other Payment Information
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.
✅
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.
✅
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
Company Summary
B.A.T. CHINA LIMITED is a leading tobacco company in China, with a focus on sustainability and responsibility. The company is committed to providing high-quality products and services while minimizing their impact on the environment.
Their sustainability program, called "Sustainability in Action", is based on three pillars: responsible sourcing, reducing environmental impact, and investing in communities. They work closely with their suppliers to ensure sustainable practices and reduce their carbon footprint through efficient use of resources and waste management. B.A.T. CHINA also invests in community development projects, particularly in rural areas, to improve the lives of local communities.
The company's main products include traditional cigarettes, as well as new and innovative tobacco products such as vaping devices. They also offer a range of smoke-free alternatives, such as nicotine pouches and tobacco heating products, to cater to changing consumer preferences.
The key people at B.A.T. CHINA LIMITED include CEO Jack Bowles and Chairman Richard Burrows, who lead the company's sustainable growth and development. The company's registered office address is located at 8th Floor, Building 1, No. 399 Keyuan Road, Zhangjiang Hi-Tech Park, Pudong New Area, Shanghai 201203, China.
For more information about B.A.T. CHINA LIMITED and their sustainability initiatives, products, and services, please visit their website at www.bat.com/china.
