BUREAU VERITAS UK LIMITED
Company Information
- Company Number
- 01758622
- Registered Address
- Fort Dunlop Suite 206, Fort Parkway, Birmingham, England, B24 9FD
- Status
- Active
- Employee Count
- 862.0
- Turnover
- 82959000.0
- EBITDA
- 3575000.0
Additional Details
- Website
- https://inspecteam.it/
- Company Type
- Private limited Company
- Incorporated On
- 4 October 1983
- Nature of Business
- 74909 - Other professional, scientific and technical activities not elsewhere classified
- Industries
- 0
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 58 | 56% | 28% | 16% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 47 | 60% | 27% | 13% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 51 | 64% | 20% | 15% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 50 | 60% | 20% | 20% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Jan 2022 | 41 | 66% | 23% | 11% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 68 | 69% | 13% | 18% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 59 | 63% | 14% | 23% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 23 | 26% | 32% | 43% | 43% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 42 | 52% | 33% | 14% | 47% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jul 2019 | 39 | 47% | 40% | 13% | 53% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 39 | 60% | 31% | 9% | 40% |
Company Summary
BUREAU VERITAS UK LIMITED is a leading provider of testing, inspection and certification services to businesses in the United Kingdom
The company is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact
Through its sustainability program, BUREAU VERITAS UK LIMITED aims to promote responsible practices and help its clients achieve sustainable growth
This includes offering services such as energy efficiency audits, carbon footprint assessments, and sustainability certifications
The company's services cover a wide range of industries including construction, food and agriculture, oil and gas, and consumer products
They provide testing and inspection services to ensure compliance with regulations and standards, as well as certification services to demonstrate quality and safety
The key people at BUREAU VERITAS UK LIMITED include its CEO, Bruno Foucher, who has over 25 years of experience in the industry
The company also has a team of highly qualified and experienced professionals who are committed to delivering high-quality services to their clients
The company's website (www.bureauveritas.co.uk) provides detailed information on their services, sustainability initiatives, and key people
It also offers resources such as case studies, white papers, and webinars to help businesses understand and implement sustainable practices
BUREAU VERITAS UK LIMITED's registered office address is 5 New Square, Bedfont Lakes, Feltham, Middlesex TW14 8HA
Their contact number is +44 (0) 20 3404 6700 and their email address is info@uk.bureauveritas.com
Businesses looking to improve their sustainability practices can contact the company to learn more about their services and how they can help
Company Review
Trend Analysis
The trend for Bureau Veritas UK Limited's average time to pay invoices has fluctuated over the past three periods, with a decrease from 2018-2019, followed by an increase from 2019-2020 and a decrease again from 2020-2021. However, there has been an overall increase in the average time to pay from 2018 to 2023.
Volatility Analysis
The volatility of Bureau Veritas UK Limited's average time to pay invoices has been relatively stable, with the exception of a significant increase in 2020-2021. The percentage of invoices paid within 30 days has also been relatively stable, while the percentages of invoices paid between 31-60 days and later than 60 days have fluctuated more significantly.
Summary Analysis
From 2018 to 2020, Bureau Veritas UK Limited showed a slight improvement in paying invoices within 30 days, with a decrease from 60% to 47%. However, the percentage of invoices paid between 31-60 days increased from 31% to 40% during this period. The average time to pay also decreased from 39 days to 23 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard Terms and Conditions are 60 days from date of invoice
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
60
Dispute Resolution Process
Disputed invoices are queried between the purchaser and the supplier in the first instance. If the purchaser cannot get to a resolution the query is escalated to the accounts payable team to resolve. Invoices are not approved for payment until the query is resolved.
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.
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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
