BUREAU VERITAS CERTIFICATION UK LIMITED
Company Information
- Company Number
- 02244967
- Registered Address
- Suite 206 Fort Dunlop, Fort Parkway, Birmingham, West Midlands, England, B24 9FD
- Status
- Active
- Employee Count
- 58.0
- Turnover
- 8135000.0
- EBITDA
- 445000.0
Additional Details
- Website
- https://bureauveritas.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 18 April 1988
- Nature of Business
- 94990 - Activities of other membership organisations 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 | 45 | 59% | 21% | 20% | 20% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 39 | 60% | 24% | 16% | 16% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 28 | 71% | 25% | 4% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Aug 2022 | 59 | 49% | 24% | 28% | 72% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Jan 2022 | 29 | 63% | 35% | 3% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 38 | 65% | 24% | 11% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 60 | 46% | 25% | 29% | 29% |
| 01 Jan 2020 - 01 Jun 2020 | 30 Jul 2020 | 60 | 5% | 25% | 70% | 70% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 51 | 34% | 43% | 23% | 66% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jul 2019 | 47 | 44% | 36% | 20% | 56% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 37 | 56% | 36% | 8% | 44% |
Company Summary
Bureau Veritas Certification UK Limited is a leading global company that provides testing, inspection, and certification services to various industries
The company is committed to promoting sustainability and offers a wide range of products and services to help businesses improve their environmental, social, and economic performance
Their sustainability program includes initiatives such as energy efficiency, waste reduction, and sustainable sourcing, which help companies reduce their carbon footprint and operate in an environmentally responsible manner
The company also offers training and consulting services to help businesses develop and implement sustainable practices
Bureau Veritas Certification UK Limited is led by a team of experienced and knowledgeable professionals, including its CEO, Richard Moss, who has over 30 years of experience in the field
The company has a global network of experts and auditors who ensure that their clients comply with international standards and regulations
The company's services include certification of management systems, product and service certification, and training and auditing services
They also offer customized solutions to meet the specific needs of their clients
Bureau Veritas Certification UK Limited's registered office address is 5 New Square, Bedfont Lakes, Feltham, Middlesex, TW14 8HA
Their website, www.bureauveritas.co.uk, provides detailed information about their services, sustainability program, and key people
They also have a dedicated customer service team that can be contacted through their website or by phone for any inquiries
Company Review
Trend Analysis
The average time for BUREAU VERITAS CERTIFICATION UK LIMITED to pay invoices has been increasing since the start of 2020, with a significant jump from 47 days in 2018 to 60 days in 2020. However, in the most recent period (2023-07-01 to 2023-12-31), there has been a slight decrease in the average time to pay to 45 days.
Volatility Analysis
The volatility of BUREAU VERITAS CERTIFICATION UK LIMITED's invoice payment time has been relatively stable, with only a few fluctuations over the past three years. However, there was a significant increase in the percentage of invoices paid later than 60 days in 2020, jumping to 70%, before decreasing to 20% in 2021 and then increasing again to 20% in 2023.
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
