BRITISH AMERICAN TOBACCO BRANDS LIMITED
Company Information
- Company Number
- 03550341
- Registered Address
- Globe House, 4 Temple Place, London, WC2R 2PG
- Status
- Active
- Employee Count
- 0
- Turnover
- £12,184,000
- EBITDA
- -£4,677,000
Additional Details
- Website
- https://bat.com
- Company Type
- Private limited Company
- Incorporated On
- 16 April 1998
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for BRITISH AMERICAN TOBACCO (BRANDS) LIMITED to pay invoices to suppliers has remained consistent at 25 days for the past three periods.
Volatility Analysis
There has been no significant changes in the percentage of invoices paid within 30 days, between 31 and 60 days, or later than 60 days for BRITISH AMERICAN TOBACCO (BRANDS) LIMITED over the past three periods.
Summary Analysis
From Jan 2018 to June 2019, BRITISH AMERICAN TOBACCO (BRANDS) LIMITED has maintained an average time to pay of 25 days and has consistently paid 100% of invoices within 30 days. There have been no instances of invoices being paid later than 60 days or not paid within agreed terms during this time period.
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 2018 - 31 Dec 2018 | 30 Jan 2019 | 25 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
P030 - 30 days after month end (due at the end of next month). Some contracts contain a fortnightly payment run clause that states Suppliers accept that BAT’s payment processing centres operate a fortnightly payment run system and that, if the due date for payment of the Valid Invoice falls after the fortnightly payment run day in the relevant week, the Valid Invoice will be paid on the following fortnightly payment run day. This clause is agreed with Suppliers as part of the contract negotiation process before it is implemented.
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
120
Dispute Resolution Process
If suppliers have any queries related to invoices and payments they can contact fsd_uk@bat.com, which acts as an information center. FSD UK will provide details such as status of invoices, date of payments and statement of account reconciliations. For any dispute related to the terms and conditions agreed, FSD UK will direct the suppliers to the relevant BAT personnel to obtain information about their query.
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.
❌
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
Company Summary
British American Tobacco (Brands) Limited is a leading global tobacco company with a strong commitment to sustainability. They are dedicated to providing high-quality products while also taking steps to reduce their environmental impact.
Their sustainability program focuses on four key areas: reducing harm, responsible marketing, sustainable agriculture, and environmental stewardship. They have set ambitious targets to reduce the harm of their products, including their goal to have at least 50% of their New Category revenue come from non-combustible products by 2025.
In terms of responsible marketing, British American Tobacco (Brands) Limited has strict policies in place to ensure that their products are not marketed to minors or in a way that glamorizes tobacco use. They also work closely with farmers to promote sustainable practices and improve the livelihoods of those who grow their tobacco.
Some of their well-known product brands include Dunhill, Kent, and Lucky Strike. They also offer a range of reduced-risk products, such as Vype e-cigarettes and glo tobacco heating products.
The key people at British American Tobacco (Brands) Limited include the CEO, Jack Bowles, and the Chairman, Richard Burrows. Their registered office address is Globe House, 4 Temple Place, London WC2R 2PG. Their website address is www.bat.com, where more information about their sustainability program and products can be found.
