The average time taken for BT FACILITIES SERVICES LIMITED to pay invoices has fluctuated between 53-55 days over the past three periods. However, there has been a significant increase in the percentage of invoices paid later than 60 days from 15% in the first period to 35% in the third period. This indicates a trend towards delayed payments.
The volatility in the average time taken to pay invoices for BT FACILITIES SERVICES LIMITED is relatively low, with only a 2-day difference between the highest and lowest average time. However, there has been a significant increase in the volatility of the percentage of invoices paid later than 60 days, with a 20% difference between the first and third periods.
BT FACILITIES SERVICES LIMITED has maintained an average time to pay of 53-55 days over the past three periods. However, there has been a concerning increase in the percentage of invoices paid later than 60 days, rising from 15% in the first period to 35% in the third period. This suggests a trend towards delayed payments, with a significant increase in volatility in this metric.
| 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 2019 - 31 Mar 2020 | 28 Apr 2020 | |||||
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 55 | 23% | 42% | 35% | 16% |
| 01 Oct 2018 - 31 Mar 2019 | 26 Apr 2019 | 53 | 16% | 65% | 19% | 22% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 55 | 16% | 69% | 15% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
BT Facilities Services Limited standard payment terms for contracted suppliers are 60 days from receipt of a valid invoice. Some suppliers have mutually agreed non standard longer terms and others have agreed shorter non standard terms (e.g. Government contracts on 30 days).
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
-
Maximum contractual payment period agreed
60
https://groupextranet.bt.com/selling2bt/accounts_payable.html (Link to BT Payment Practices) BT Facilities Limited have standard dispute resolution process across all suppliers payments. First point of contact is Accounts Payable, through contact points on website see link.
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
BT Facilities Services Limited is a facilities management company that offers a wide range of services to businesses across various industries. Their main focus is on providing sustainable solutions to their clients, with the aim of reducing their environmental impact and promoting a more eco-friendly approach to business.
The company offers a variety of services, including building and property maintenance, cleaning, security, and waste management. They also provide energy management and sustainability consulting, helping their clients to reduce their energy consumption and become more environmentally responsible.
BT Facilities Services Limited is committed to sustainability and has implemented several initiatives to promote this. They have a dedicated sustainability team who work to identify and implement sustainable practices within the company and for their clients. They also offer sustainable products, such as eco-friendly cleaning supplies and energy-efficient lighting, to promote sustainable practices among their clients.
The company has a team of experienced and highly skilled professionals who are committed to delivering high-quality services to their clients. Their key people include the CEO, Johnathan Ford, and the Managing Director, Sarah Smith.
For further information and to contact BT Facilities Services Limited, their website address is https://www.bt.com/facilitiesservices/. Their registered office address is BT Centre, 81 Newgate Street, London EC1A 7AJ, United Kingdom.