Ranked in 8 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 98.2/100 qualifies for PaymentCheck Certification
| 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 | 30 Jan 2026 | 13 | 98% | 1% | 1% | 2% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 13 | 96% | 3% | 1% | 3% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 12 | 98% | 1% | 1% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 12 | 98% | 2% | 0% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 14 | 97% | 2% | 1% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 15 | 96% | 3% | 1% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 16 | 95% | 4% | 1% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 16 | 94% | 4% | 2% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 16 | 95% | 4% | 1% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 16 | 93% | 5% | 2% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 22 | 85% | 9% | 6% | 23% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 20 | 84% | 10% | 6% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 25 | 82% | 9% | 9% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 23 | 80% | 13% | 7% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 22 | 78% | 17% | 5% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The full text of our 2025 Standard Conditions of Purchase can be found at: https://www.baesystems.com/en-uk/what-we-do/suppliers/united-kingdom. BAE Systems Surface Ships Limited's standard sub-contract payment terms reflect these terms. However, in accordance with our major prime contract obligations, a large proportion of our sub-contracts provide for payment within thirty (30) calendar days calculated from receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
It is not precisely known when payments actually credit into a supplier’s bank account (we do not have systems that accurately record this event). Therefore for the production of the disclosed statistics, we have made a reasoned estimation of when payments have cleared into a supplier's bank account. Where an invoice has been settled through the matching of a credit note, this invoice is not included in the payment statistics. If there is a partial match of a credit note against an invoice, the payment of the remainder of the invoice is included in the payment statistics.
Maximum contractual payment period agreed
61
As per our standard conditions of purchase, if a payment dispute arises, then the parties are required to follow a disputed invoicing process and use reasonable endeavours to resolve the dispute amicably. Any disputes that cannot be resolved are subject to arbitration. Our full dispute resolution process can be found in Clauses 9 and 35 of the 2025 Standard Conditions of Purchase at: https://www.baesystems.com/en-uk/what-we-do/suppliers/united-kingdom
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
BAE Systems Surface Ships Limited is registered under SIC code 30110, building of ships and floating structures. Company records show its nature of business as shipbuilding, and it has previously traded as BVT Surface Fleet Limited and BAE Systems Surface Fleet Solutions Limited. It is registered at Victory Point, Frimley, Surrey, and forms part of the wider BAE Systems group, a defence and engineering group. As a subsidiary entity, it operates within the group's naval shipbuilding activities rather than as an independent trading business. No further detail on specific vessel programmes or contracts is available from the evidence provided.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk