BUREAU VERITAS BUILDING CONTROL UK LIMITED
Company Details
Registration Number
03460854
Registered Address
Suite 206 Fort Dunlop Fort Parkway Birmingham England B24 9FD
Company Status
Active
Employee Count
39
Turnover
£3,607,000
EBITDA
£-835,000
Additional Information
Website
bureauveritas.co.ukCompany Type
Private limited Company
Incorporated on
5 November 1997
Nature of Business (SIC)
74909 - Other professional, scientific and technical activities not elsewhere classified
Industries
0
Region
West MidlandsCompany Location
Financial Overview
£25,000
£-848,000
Last Reporting Period
Filed
31 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
83 days
Payment Periods
Shortest
60 days
Longest
0 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
10%
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 | 83 | 80% | 10% | 10% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 25 | 88% | 8% | 4% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 34 | 68% | 30% | 3% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Aug 2022 | 27 | 69% | 29% | 1% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Jan 2022 | 80 | 52% | 36% | 12% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 98 | 42% | 45% | 13% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 99 | 37% | 30% | 33% | 33% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 25 | 3% | 73% | 24% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 54 | 29% | 47% | 25% | 71% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jul 2019 | 48 | 45% | 33% | 23% | 56% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 29 | 65% | 30% | 5% | 35% |
Company Summary
BUREAU VERITAS BUILDING CONTROL UK LIMITED is a leading provider of building control, certification, and inspection services in the UK
The company is committed to ensuring the safety, efficiency, and sustainability of buildings through its comprehensive range of services
Their sustainability program focuses on promoting energy efficiency, reducing carbon emissions, and ensuring compliance with environmental regulations
They work closely with clients to develop sustainable building solutions that meet their specific needs while also reducing their environmental impact
BUREAU VERITAS offers a wide range of products and services, including building control, fire safety, environmental sustainability, and energy efficiency assessments
They also provide certification services for sustainable buildings, such as BREEAM, LEED, and Passivhaus
Key people in the company include Managing Director, David Barrett, and Technical Director, Mark Wilson
They are supported by a team of experienced and qualified professionals who are dedicated to providing high-quality and reliable services
The company's website (https://www.bureauveritas.co.uk/) provides detailed information about their services, case studies, and news updates
The registered office address is Bureau Veritas Building Control UK Limited, 9th Floor, 63 St Mary Axe, London, EC3A 8AA
In summary, BUREAU VERITAS BUILDING CONTROL UK LIMITED is a reputable and reliable provider of building control and certification services with a strong focus on sustainability
Their commitment to promoting energy efficiency and reducing environmental impact makes them a trusted partner for clients in the UK
Company Review
Trend Analysis
The average time to pay for BUREAU VERITAS BUILDING CONTROL UK LIMITED has shown a fluctuating trend over the last three periods. It decreased from 48 days in the period of Jul 2018 - Dec 2018 to 25 days in the period of Jan 2020 - Jun 2020, but then increased to 83 days in the period of Jul 2023 - Dec 2023.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, ranging from 29% to 88% over the last three periods. However, there has been a higher volatility in the percentage of invoices paid between 31 and 60 days, with a range of 8% to 47%.
Summary Analysis
From Jan 2020 - Jun 2020, BUREAU VERITAS BUILDING CONTROL UK LIMITED showed the best performance in terms of average time to pay, with a decrease of 23 days compared to the previous period. This was also the period with the highest percentage of invoices paid within 30 days (73%) and the lowest percentage of invoices paid later than 60 days (1%). However, in Jul 2023 - Dec 2023, the company showed the worst performance with an increase of 58 days in average time to pay compared to the previous period, and the highest percentage of invoices paid later than 60 days (10%).
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?
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