PILGRIM'S FOOD MASTERS UK LIMITED
Company number: 13352340
Reporting period:
1 July 2024 to
29 December 2024
This report was filed on 30 January 2025
and approved by Morten Knudsen
Payment statistics
Average time taken to pay invoices: 52 days
Invoices paid:
- within 30 days: 33%
- in 31 to 60 days: 33%
- in 61 days or more: 34%
Invoices due but not paid within agreed terms: 82%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
120 days
Standard payment terms
PFM UK has over 20 payment terms in use. The most common being equivalent to 90 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
Changes were made on the outcome of supplier negotiations. During this reporting period there were no unilateral changes to payment terms.
Were suppliers notified or consulted about these changes before they were made?
Each PO issued to and accepted by a supplier will state the applicable payment term. Where a new term may be desired suppliers are sent written communication regarding agreement to a new term.
Maximum contractual payment period agreed
120 days
No further comment provided
Any other information about payment terms
Payment terms are negotiated with each supplier and a wide range are available for use. The terms used have been agreed to by suppliers and there is a strong commitment to meet these terms.
Dispute resolution process
Where possible PFM UK match all invoices automatically through a three way match process. Any issues arising from a failure to match is assigned back to the ordering site electronically for correction and controlled through electronic workflows. If issues are not resolved through this internal process then the buyer will contact the supplier and agree resolution.
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.
Yes
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