Score of 84.83/100 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 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 24 | 78% | 21% | 1% | 4% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 29 | 76% | 23% | 1% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 03 Feb 2025 | 26 | 79% | 20% | 1% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 32 | 74% | 25% | 1% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 31 | 70% | 29% | 1% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 30 | 51% | 48% | 1% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 31 | 52% | 47% | 1% | 2% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 29 | 53% | 45% | 2% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 28 | 58% | 41% | 1% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 27 | 54% | 45% | 1% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 23 | 77% | 18% | 5% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 22 | 80% | 15% | 5% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 21 | 81% | 14% | 5% | 12% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 17 | 84% | 12% | 4% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 27 | 76% | 15% | 9% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our 2025 Standard Conditions of Purchase provide for payment at the end of the month following the month in which an invoice is received, subject to (i) a valid invoice being properly provided by the supplier and (ii) the relevant Supplies being delivered and accepted by us, in accordance with the contract. The full text of the standard payment term can be located in Clause 9 of the 2025 Standard Conditions of Purchase at: https://www.baesystems.com/en-uk/what-we-do/suppliers/united-kingdom. Whilst the company does contract certain of its material business on the basis of programme-specific bespoke terms and conditions, the relevant payment terms are largely consistent with those contained within the Standard Conditions of Purchase.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
It is not precisely known when payments actually credit into a supplier’s bank account (we do not have systems that accurately record this event). Therefore for the production of the disclosed statistics, we have made a reasoned estimation of when payments have cleared into a supplier's bank account. Where an invoice has been settled through the matching of a credit note, this invoice is not included in the payment statistics. If there is a partial match of a credit note against an invoice, the payment of the remainder of the invoice is included in the payment statistics.
Maximum contractual payment period agreed
61
As per our standard conditions of purchase, if a payment dispute arises, then the parties are required to follow a disputed invoicing process and use reasonable endeavours to resolve the dispute amicably. Any disputes that cannot be resolved are subject to arbitration. Our full dispute resolution process can be found in Clauses 9 and 35 of the 2025 Standard Conditions of Purchase at: https://www.baesystems.com/en-uk/what-we-do/suppliers/united-kingdom
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
BAE SYSTEMS PLC is a British multinational company that specializes in the development and manufacture of advanced technology products for defense, aerospace, and security applications. The company was formed in 1999 through the merger of British Aerospace and Marconi Electronic Systems.
The company's sustainability program, called "Our Approach to Sustainability", focuses on reducing its environmental impact, promoting ethical conduct, and supporting the communities in which it operates. BAE SYSTEMS has set ambitious targets to reduce its carbon emissions, water usage, and waste generation by 2025. The company also has a strong focus on diversity and inclusion, aiming to create an inclusive workplace for all employees.
BAE SYSTEMS offers a wide range of products and services, including military aircraft, submarines, naval ships, and advanced electronics and communication systems. The company also provides cybersecurity solutions and services to governments and commercial organizations.
The key people at BAE SYSTEMS include the Chairman, Sir Roger Carr, and the Chief Executive Officer, Charles Woodburn. They are supported by a diverse and experienced board of directors and a global workforce of over 85,000 employees.
The company's registered office address is 6 Carlton Gardens, London SW1Y 5AD, United Kingdom. Their website address is www.baesystems.com, where customers can find information about their products and services, sustainability efforts, and investor relations. BAE SYSTEMS is committed to maintaining strong relationships with its customers, shareholders, and the communities it serves.
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