Published reports

NUTRICIA LIMITED

Company number: 00275552

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 July 2018 to 31 December 2018

Report filed on:

23 January 2019

Approved by:

SUDIP DASGUPTA


Payment statistics

Average time taken to pay invoices: 25 days

Invoices paid:

  • within 30 days: 72%
  • in 31 to 60 days: 20%
  • in 61 days or more: 8%

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

90 days

Longest standard payment period

95 days

Standard payment terms

Standard Payment Terms are 90 +2 days from the end of the month in which the expenditure is incurred. Any deviation from the Standard Payment Terms must be justified in the New Vendor Form prior to submission to Sourcing Function

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

95 days

Payable 95 days from the date of the invoice

Any other information about payment terms

No further comment provided

Dispute resolution process

If a supplier has a complaint or dispute they will contact the UKIRL Accounts Payable department based in Wiltshire in the first instance, usually via email. The AP team will look into the status of the invoice and try and resolve the complaint with the supplier. If AP cannot resolve the complaint the AP team member will put the supplier in contact with the Buyer who requested the good/service. Danone follow a no PO no pay policy. The PO number is communicated by the Buyer to the Supplier at the point of placing an order. Danone reserve the right to reject invoices without PO's back to the Supplier

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