Score of 90.5/100 qualifies for PaymentCheck Certification
| 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 | 20 | 90% | 7% | 3% | 16% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 22 | 86% | 10% | 4% | 21% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 32 | 84% | 11% | 5% | 24% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 25 | 80% | 15% | 5% | 30% |
| 01 Jan 2023 - 30 Jun 2023 | 18 Jul 2023 | 23 | 86% | 9% | 5% | 23% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 29 | 73% | 20% | 7% | 39% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 23 | 93% | 7% | 0% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 20 | 97% | 3% | 0% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 06 Jul 2021 | 23 | 91% | 9% | 0% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 28 | 77% | 20% | 3% | 34% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Jul 2020 | 17 | 94% | 5% | 1% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 14 | 96% | 3% | 1% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 16 | 95% | 4% | 1% | 19% |
| 01 Jul 2018 - 31 Dec 2018 | 10 Jan 2019 | 14 | 94% | 5% | 1% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 14 | 97% | 2% | 1% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
BACB's preferred payment term is 30 days. We strive to ensure all payments are made with in a timely manner and within terms. However, some vendors terms range between 0, 14 and 15 days, making it difficult to pay within those terms.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Invoices in dispute will be entered onto the system but not approved until i) queries are resolved, ii) costs are agreed, iii) a credit note is received. The vendors' Credit Control team/ dedicated account manager are contacted by BACB's Finance team or spend owner to query or request clarification of costs before payment is made.
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.
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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
British Arab Commercial Bank Public Limited Company, trading as BACB, is a UK-registered international wholesale bank based in the City of London. Established in 1972, it is authorised by the Prudential Regulation Authority and regulated by the FCA and PRA, and is owned by three sovereign shareholders. It provides trade finance, treasury and real estate finance products, focusing on trade flows to and from Africa, the Middle East and Asia, alongside UK real estate finance. The bank maintains representative offices in Abidjan, Algiers and Tripoli, supporting businesses that trade in developing markets with tailored, relationship-based banking services and international finance expertise built up over more than fifty years.
Generated from the company's website and Companies House records. Sources: bacb.co.uk · bacb.co.uk