Industry ranking
The trend for BT SOLUTIONS LIMITED over the past three periods has shown a decrease in the average time taken to pay invoices, with a significant drop in the most recent period. The percentage of invoices paid within 30 days has also increased, while the percentage of invoices paid later than 60 days has decreased. This suggests that the company is improving in terms of timely payments to suppliers.
There is some volatility in the data for BT SOLUTIONS LIMITED, particularly in terms of the percentage of invoices paid within 30 days. This percentage has fluctuated between 8% and 46% over the past three periods, indicating that the company may not have a consistent approach to timely payments.
From the data, it can be seen that BT SOLUTIONS LIMITED has made improvements in their payment practices over the past three periods. The average time taken to pay invoices has decreased, and the percentage of invoices paid within 30 days has increased. However, there is still room for improvement as the percentage of invoices paid later than 60 days remains relatively high and the company has shown volatility in their payment practices.
| 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 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 86 | 13% | 63% | 24% | 50% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 58 | 23% | 59% | 18% | 41% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 44 | 25% | 75% | 0% | 13% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 35 | 46% | 54% | 0% | 8% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 52 | 21% | 62% | 17% | 43% |
| 01 Oct 2018 - 31 Mar 2019 | 26 Apr 2019 | 48 | 8% | 82% | 10% | 32% |
| 01 Apr 2018 - 30 Sept 2018 | 07 Aug 2019 | 53 | 19% | 64% | 17% | 31% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
BT Solutions Limited standard payment terms for contracted suppliers are 60 days from receipt of a valid invoice, for off-contract this is 42 days. Some suppliers have mutually agreed other terms. https://groupextranet.bt.com/selling2bt/accounts_payable.html Selling to BT Selling to BT
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
BT Solutions Limited has standard dispute resolution process across all suppliers payments. First point of contact is Accounts Payable, through contact points on website see link. https://groupextranet.bt.com/selling2bt Selling to BT
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 Solutions Limited is a UK registered company incorporated in October 2002, originally named Clicksene Limited before changing to its current name in January 2003. It is registered at an address in London and its Companies House record lists its nature of business as other telecommunications activities. The company remains active, with its registered office, filing history and officer appointments recorded at Companies House. No further detail on trading activities, products, services or wider group structure is provided in the available evidence beyond this registered classification.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk