BRITISH AMERICAN TOBACCO EXPORTS LIMITED
Company Information
- Company Number
- 05203113
- Registered Address
- Globe House, 1 Water Street, London, WC2R 3LA
- Status
- Active
- Employee Count
- 2.0
- Turnover
- 3286532000.0
- EBITDA
- 1366670000.0
Additional Details
- Website
- https://bat.com
- Company Type
- Private limited Company
- Incorporated On
- 11 August 2004
- Nature of Business
- 12000 - Manufacture of tobacco products
- Industries
- 0
- Region
- London
Company Location
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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 | 45 | 25% | 51% | 24% | 29% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 51 | 24% | 55% | 21% | 26% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 48 | 22% | 57% | 21% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 41 | 26% | 56% | 18% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 40 | 28% | 59% | 13% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 37 | 33% | 60% | 7% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 39 | 35% | 54% | 11% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 38 | 33% | 55% | 12% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 36 | 39% | 57% | 4% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 36 | 36% | 59% | 5% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 35 | 36% | 59% | 4% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 46 | 41% | 53% | 6% | 9% |
Company Summary
British American Tobacco Exports Limited (BAT) is a global tobacco company that operates in over 180 countries
The company is committed to operating sustainably and has a strong focus on corporate social responsibility
One of the key activities of BAT is the production and export of tobacco products, including cigarettes, cigars, and smokeless tobacco
The company also offers a range of alternative nicotine products, such as e-cigarettes and heated tobacco products
In order to promote sustainability, BAT has implemented various initiatives, including reducing its environmental impact, promoting responsible farming practices, and investing in renewable energy sources
The company also works to improve the livelihoods of farmers and their communities through programs such as the Sustainable Tobacco Programme
The key people at BAT include the CEO, Jack Bowles, and the Chairman, Richard Burrows
The company has a diverse and experienced leadership team, with a focus on innovation and sustainability
To learn more about BAT and its products and services, interested parties can visit their website at www.bat.com
The registered office address for BAT is Globe House, 4 Temple Place, London WC2R 2PG, United Kingdom
With a strong commitment to sustainability and responsible business practices, BAT continues to be a leader in the global tobacco industry
Company Review
Trend Analysis
The data for British American Tobacco Exports Limited shows a consistent trend of paying invoices later than 60 days over the past 6 periods, with a slight increase in the most recent period. There has also been a slight decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days.
Volatility Analysis
The data for British American Tobacco Exports Limited shows a relatively stable trend in terms of the average time to pay, with only minor fluctuations over the past 6 periods. However, there has been more volatility in the percentage of invoices paid within 30 days, with a decrease in the most recent period after a period of steady increase. There has also been volatility in the percentage of invoices paid between 31 and 60 days, with a slight increase in the most recent period after a period of steady decrease.
Summary Analysis
In the past three periods, there has been a slight increase in the average time to pay for British American Tobacco Exports Limited, from 36 days to 37 days. There has also been a slight decrease in the percentage of invoices paid within 30 days, from 39% to 28%. However, there has been a consistent trend of paying invoices between 31 and 60 days, with a slight increase in the most recent period. The company has also consistently paid all invoices within the agreed terms of 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
"Most frequently used payment terms are due at the end of the next month. Some contracts contain a fortnightly payment run clause that states Suppliers accept that BAT’s payment processing centres operate a fortnightly payment run system and that, if the due date for payment of the Valid Invoice falls after the fortnightly payment run day in the relevant week, the Valid Invoice will be paid on the following fortnightly payment run day. This clause is agreed with Suppliers as part of the contract negotiation process before it is implemented.
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
150
Dispute Resolution Process
"If suppliers have any queries related to invoices and payments they can contact fsd_uk@bat.com, which acts as an information center. FSD UK will provide details such as status of invoices, date of payments and statement of account reconciliations. For any dispute related to the terms and conditions agreed, FSD UK will direct the suppliers to the relevant BAT personnel to obtain information about their query.
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
