BUREAU VERITAS COMMODITIES UK LIMITED

PaymentCheck Score 2025
68Fair
15.7vs last year
#2558 in UK
#125 in West Midlands

Company Information

Company Number
04966988
Registered Address
Suite 206 Fort Dunlop, Fort Parkway, Birmingham, B24 9FD
Status
Active
Employee Count
229
Turnover
£23,161,000
EBITDA
£7,690,000

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
Coming Soon
Region
West Midlands

Time to Pay

Average Time to Pay
32 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
71%
31-60 Days
22%
After 60 Days
7%
Not Paid Within Terms7%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202529 Jul 20254560%26%14%13%
01 Jul 2024 - 31 Dec 202431 Jan 20253179%16%5%5%
01 Jul 2023 - 31 Dec 202331 Jan 20243080%9%11%11%
01 Jul 2022 - 31 Dec 202206 Feb 20232283%8%9%9%
01 Jan 2022 - 30 Jun 202205 Aug 20223381%15%4%4%

Payment Time Trends

Payment Distribution Trends

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 information available

Any other information about payment terms

No additional information

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.

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

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.

Financial Metrics

Cash
£46,000
Net Worth
£11,889,000
Total Current Assets
£7,134,000
Total Current Liabilities
£2,599,000

Company Location