| 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 2018 - 30 Jun 2018 | 26 Jul 2018 | 60 | 0% | 100% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
BHP’s standard terms provide that it will pay all invoices in the payment run that occurs immediately following the expiry of 60 days after the relevant Invoice is received or, in the case of a recipient created tax invoice, generated, and except where BHP is required by law to pay within a shorter time frame.
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
BHP seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Once resolved, payment will be made in accordance with the terms of the contract. A dispute may be raised at any time by either party to the other party’s nominated dispute resolution representative and the parties will then seek to resolve the dispute within 20 business days (or as otherwise agreed).
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
BHP Billiton Marketing UK Limited is a UK registered entity within the BHP Group, officially classified as a holding company. The wider BHP Group is a global mining and resources business, describing itself as "the world's largest mining company by market capitalisation, a leading producer of iron ore, copper and metallurgical coal" and moving into potash. Its purpose, as stated on the group site, is "to bring people and resources together to build a better world." The group extracts and supplies commodities such as copper, iron ore, steelmaking coal and potash used in construction, electronics and agriculture, operating across more than 90 locations worldwide. This UK company itself functions as part of the group's corporate and marketing structure rather than an operating mine site.
Generated from the company's website and Companies House records. Sources: bhp.com · bhp.com