BUREAU VERITAS COMMODITIES UK LIMITED
Company Information
- Company Number
- 04966988
- Registered Address
- Suite 206 Fort Dunlop, Fort Parkway, Birmingham, B24 9FD
- Status
- Active
- Employee Count
- 229.0
- Turnover
- 23161000.0
- EBITDA
- 7690000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 November 2003
- Nature of Business
- 74909 - Other professional, scientific and technical activities not elsewhere classified
- Industries
- 0
- Region
- West Midlands
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 30 | 80% | 9% | 11% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 15 | 86% | 11% | 2% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 22 | 83% | 8% | 9% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Aug 2022 | 33 | 81% | 15% | 4% | 4% |
Company Summary
Bureau Veritas Commodities UK Limited is a leading provider of inspection, testing, and certification services in the UK
The company was founded in 1828 and is headquartered in London
The company's sustainability program aims to promote sustainable practices and reduce the environmental impact of its operations
This includes implementing energy-efficient practices, reducing waste, and promoting recycling
Bureau Veritas also conducts regular audits to ensure compliance with environmental regulations
Bureau Veritas offers a wide range of services to various industries, including agriculture, energy, and minerals
These services include testing and analysis of commodities such as grains, oil, and gas, as well as inspection and certification of products to ensure they meet quality and safety standards
The key people at Bureau Veritas Commodities UK Limited include the CEO, Mr
Didier Michaud-Daniel, and the Managing Director, Mr
Andrew Fisher
They both have extensive experience in the industry and are committed to driving the company's growth and sustainability initiatives
The company's website address is www.bureauveritas.co.uk and their registered office address is 5 New Street Square, London, EC4A 3TW
Customers can contact the company through their website or by phone at +44 (0) 20 7025 7575
Bureau Veritas also has multiple offices and laboratories across the UK, providing convenient access to their services
Company Review
Trend Analysis
Between Jan 2022 and Dec 2023, the average time taken by BUREAU VERITAS COMMODITIES UK LIMITED to pay invoices has decreased from 33 days to 30 days, with a significant decrease in the percentage of invoices paid later than 60 days from 11% to 2%. This shows a positive trend towards faster payment to suppliers.
Volatility Analysis
The volatility in BUREAU VERITAS COMMODITIES UK LIMITED's payment patterns can be seen in the fluctuation of the percentage of invoices paid within 30 days, which has ranged from 80% to 86% over the past three periods.
Summary Analysis
From Jan 2022 to Dec 2023, BUREAU VERITAS COMMODITIES UK LIMITED has shown a consistent trend of paying invoices earlier, with the average time to pay decreasing from 33 days to 30 days. The percentage of invoices paid within 30 days has also consistently been above 80%, with the highest being 86% in Jan-Jun 2023. However, there has been some volatility in the percentage of invoices paid within 30 days, but overall, the company has shown a positive trend towards faster payment to suppliers.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard Terms and Conditions are 60 days from date of invoice
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
60
Dispute Resolution Process
Disputed invoices are queried between the purchaser and the supplier in the first instance. If the purchaser cannot get to a resolution the query is escalated to the accounts payable team to resolve. Invoices are not approved for payment until the query is resolved.
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.
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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