| 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 2025 - 31 Dec 2025 | 26 Jan 2026 | 40 | 80% | 14% | 6% | 6% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 45 | 60% | 26% | 14% | 13% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 31 | 79% | 16% | 5% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 32 | 71% | 22% | 7% | 7% |
| 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Purchaser shall pay Vendor's invoices within a maximum period of sixty (60) days following the date of issuance of the invoices by bank transfer to Vendor's designated bank account in the Vendor's Information Form. Payments by Purchaser shall be made only to a bank account opened in the name of Vendor in the jurisdiction or country where Vendor is duly incorporated or registered.
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
Invoices with No PO are returned to the supplier to correct. 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 assist in resolution. Invoices are not approved for payment until the query is resolved.
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
Bureau Veritas Commodities UK Limited is part of the Bureau Veritas group, operating under the Bureau Veritas Commodities brand. It provides independent inspection, sampling and testing services across sectors including oil and gas, metals and minerals, and agriculture and food. Services span cargo inspection, marine fuel testing, exploration and mining support, quality and quantity determination, and laboratory analysis, aimed at helping clients manage commercial and supply chain risk. The wider group operates a global network of laboratories and customer portals covering commodity trade, crop monitoring and marine fuel testing. The company is registered in Birmingham and its stated business activity is other professional, scientific and technical activities.
Generated from the company's website and Companies House records. Sources: commodities.bureauveritas.com · commodities.bureauveritas.com