Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 99.4/100 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 Jun 2025 - 31 Dec 2025 | 28 Jan 2026 | 2 | 99% | 1% | 0% | 1% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 3 | 99% | 1% | 0% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 2 | 99% | 1% | 0% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 2 | 99% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 3 | 99% | 1% | 0% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 2 | 99% | 0% | 0% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 2 | 99% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 2 | 99% | 0% | 0% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 2 | 99% | 0% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 2 | 99% | 0% | 0% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 3 | 99% | 1% | 1% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 2 | 99% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 2 | 99% | 0% | 0% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 3 | 99% | 1% | 1% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 3 | 99% | 1% | 1% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Under BMW Financial Services (GB) Limited’s standard contractual terms we commit to the payment of all undisputed sums due within 30 days of receipt of a valid invoice into our Accounts Payable department.
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
In the event of a dispute, in accordance with our dispute resolution procedure, both parties should attempt to resolve any dispute arising promptly by negotiation. The dispute should be referred for discussion between the relevant Contract Managers. If the parties are unable to resolve the dispute within 30 days of the commencement of the discussions, the dispute shall be referred for a further period of 30 days to appropriate nominated executives or officers of each Party who are suitably senior, experienced and authorised to discuss and settle the dispute. If the Parties fail to agree on a resolution to a dispute either Party may refer any dispute for mediation under the Model Mediation Procedure (MMP) of the Centre of Dispute Resolution (CEDR) in London for the time being in force in accordance with CEDR's Model Mediation Agreement for the time being in force
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
BMW Financial Services (GB) Limited is a UK finance house incorporated in 1976, registered under the SIC code for credit granting by non-deposit taking finance houses and specialist consumer credit grantors. It forms part of the BMW Group's operations in the UK, providing motor finance and credit facilities connected with BMW and MINI vehicles. The evidence links the company to the MINI brand's UK presence, which offers vehicle purchase, financing arrangements and related motoring services to customers. As a financial services entity within a larger vehicle manufacturing group, its core role is arranging and granting credit for vehicle purchases rather than manufacturing or selling cars itself.
Generated from the company's website and Companies House records. Sources: mini.co.uk