AB INBEV UK LIMITED
Company number: 03982132
Reporting period:
1 January 2018 to
30 June 2018
This report was filed on 27 July 2018
and approved by Nicolas Bartholomeeusen
Payment statistics
Average time taken to pay invoices: 133 days
Invoices paid:
- within 30 days: 1%
- in 31 to 60 days: 4%
- in 61 days or more: 95%
Invoices due but not paid within agreed terms: 17%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
200 days
Standard payment terms
We do not have standard payment terms. Instead these are agreed during negotiation with the supplier in question, based on a number of factors, including size of the supplier and type of service provided.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
200 days
This payment period relates to a small number of large European suppliers, with whom we have long relationships, negotiated at a global level, who provide us with specialist services.
Any other information about payment terms
For more information about our payment practices please see our summary on our UK website, under our Policies & Disclosures: https://ab-inbev.co.uk/assets/Uploads/INB4335-1f-UK-Payment-Practices-A4.pdf
Dispute resolution process
Suppliers can raise questions or disputes through our online portal, GLASS. Under our dispute resolution procedure, all queries or disputes will be responded to within 5 working days. We also offer an escalation procedure, with a 48-hour service level agreement.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No