HERON FOODS LIMITED
Company number: 01392197
Reporting period:
24 September 2023 to 30 March 2024
Report filed on:
30 April 2024
Approved by:
Mike Schmidt
Payment statistics
Average time taken to pay invoices: 49 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 51%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 23%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Heron Foods does not set standard payment terms. Payment terms are generally agreed with each supplier.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
Payment terms are negotiated on an individual basis with each type of supplier for the goods supplied. All payments are made via BACS either weekly or monthly in line with payment terms.
Any other information about payment terms
No further comment provided
Dispute resolution process
Any disputes are referred to the relevant accounts payable team. Common disputes are relating to price/quantities or non receipt of invoice.
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 Fair 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.
No
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