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.
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.
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.
| 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 |
This information is as reported by the business, and responses are in their own words.
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
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.
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
British American Tobacco Brands Limited is a UK-registered company with a registered office in London, classified under head office activities. It forms part of the wider British American Tobacco group, a multi-category consumer goods business that develops and sells tobacco and nicotine products, including cigarettes, vapour, heated tobacco and modern oral products, to consumers worldwide. The group's activities include brand management, product innovation and harm-reduction research, with well-known brands such as Vuse, glo and Velo. This entity's own role sits within that corporate structure, rather than carrying out consumer-facing trading itself, consistent with its classification as a head office function within the BAT group.
Generated from the company's website and Companies House records. Sources: bat.com