| 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 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 66 | 15% | 22% | 63% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
One of Blackburns Metals' core values is a strict adherence to agreed supplier payment terms. The company negotiates payment terms with suppliers on an individual basis, standard terms range from 32 to 121 days following end of month.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Invoices due but not paid within agreed terms: Accurate information is not readily available in the system but is estimated to be no more than 5%
Maximum contractual payment period agreed
93
Supplier queries are resolved in a timely and professional manner by a dedicated Accounts Payable Team.
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
BLACKBURNS METALS LIMITED is an active private limited company, incorporated on 9 January 2003, based in the West Midlands region. Registered business activity: Wholesale of metals and metal ores.
From Companies House records.