Industry ranking
Score of 100/100 qualifies for PaymentCheck Certification
The time taken for BNK (UK) LIMITED to pay invoices has remained consistent at 5 days for the past three periods. Additionally, the percentage of invoices paid within 30 days has also remained at 100% for the same time frame.
There is no volatility in the time taken for BNK (UK) LIMITED to pay invoices, as it has remained at 5 days for the past three periods. Similarly, there is no volatility in the percentage of invoices paid within 30 days, as it has consistently been at 100%.
From January 2018 to June 2021, BNK (UK) LIMITED has consistently maintained an average time of 5 days to pay invoices. The company has also consistently paid 100% of their invoices within 30 days, indicating a strong track record of timely payments to suppliers.
| 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 Jan 2021 - 30 Jun 2021 | 06 Jul 2021 | 5 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 5 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 5 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 03 Feb 2020 | 5 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 02 Aug 2019 | 5 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 5 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 14 Dec 2018 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
100% of the value of each batch to be dispatched shall be prepaid 3 working days before the start of dispatch according to Seller's invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
All disputes and disagreements, which may arise out of or in connection with this Contract, shall, where possible, be settled by amicable negotiations. In the event that amicable negotiations do not lead to a settlement, any dispute and disagreement shall be referred to the arbitration of three arbitrators (LCIA), one to be appointed by each of the parties, and the third by two arbitrators so appointed. The arbitrator shall have its seat in London in English
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
BNK (UK) Limited was a private limited company registered in England and Wales, incorporated in March 2008 and dissolved on 27 August 2024. Companies House records classified its business under the SIC code for wholesale of other fuels and related products, indicating it operated in the wholesale fuel supply trade. The company's registered office was in Sutton, Surrey, with its LEI record listing a separate headquarters address in London. No further detail on its trading operations, customers or products is available from the evidence supplied. The company's last accounts were made up to 30 June 2022, and it has since ceased to exist as a legal entity.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · lei.bloomberg.com