Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 93.9/100 qualifies for PaymentCheck Certification
Based on the data provided, there has been a consistent trend for BT LIMITED to pay invoices within an average of 24-30 days, with a slight increase in the average time to pay from 2018-2020 and a decrease from 2020-2022. The percentage of invoices paid within 30 days has also consistently been around 70-80%, with a high of 92% in 2022. However, there has been some fluctuation in the percentage of invoices paid between 31-60 days, with a low of 11% in 2021 and a high of 31% in 2020. The percentage of invoices paid later than 60 days has remained relatively low, with a high of 9% in 2020 and a low of 0% in 2021.
Besides the fluctuation in the percentage of invoices paid between 31-60 days, there has also been some volatility in the percentage of invoices not paid within agreed terms. This percentage has ranged from 6-29%, with a decrease in volatility from 2020-2022. There has also been some volatility in the shortest (or only) standard payment period, which has ranged from 42-39 days.
| 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 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 19 | 92% | 7% | 1% | 6% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 19 | 89% | 11% | 0% | 6% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 30 | 77% | 14% | 9% | 22% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 29 | 64% | 31% | 5% | 15% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 24 | 83% | 16% | 1% | 12% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 27 | 76% | 20% | 4% | 17% |
| 01 Oct 2018 - 31 Mar 2019 | 26 Apr 2019 | 24 | 80% | 18% | 2% | 26% |
| 01 Apr 2018 - 30 Sept 2018 | 12 Sept 2019 | 27 | 73% | 22% | 5% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
BT Limited operates on standard payment terms of 60 days.
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
60
BT Group have standard dispute resolution process across all suppliers payments. First point of contact is Accounts Payable, through contact points on website see link.https://groupextranet.bt.com/selling2bt/accounts_payable.html (Link to BT Payment Practices)
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
BT Limited is registered at 1 Braham Street, London, and forms part of the BT Group, which trades under the BT brand across the UK. The group provides broadband, including full fibre services, home phone and landline products, television packages featuring TNT Sports and other channels, and mobile plans exclusive to BT Broadband customers. It also serves business customers with connectivity, security and support solutions. Additional offerings include cyber security protection, Wi-Fi hardware such as the Smart Hub, and a My BT app for managing accounts. Customer support is delivered through UK and Ireland based call centres. The company's SIC classification covers other telecommunications activities.
Generated from the company's website and Companies House records. Sources: home.bt.com