MOLSON COORS BREWING COMPANY (UK) LIMITED
Company number: 00026018
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
29 July 2025
Approved by:
Rebecca Wheeler
Payment statistics
Average time taken to pay invoices: 85 days
Total value paid:
- within 30 days: £54,881,368 (10%)
- in 31 to 60 days: £140,368,474 (26%)
- in 61 days or more: £344,678,006 (64%)
Invoices paid:
- within 30 days: 10%
- in 31 to 60 days: 20%
- in 61 days or more: 70%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £22,948,256
- payments due in the reporting period which have not been paid within the agreed period: 5%
- not made in the reporting period due to a dispute: 8%
Payment terms
Shortest standard payment periods
90 days
Longest standard payment period
Answer not provided
Standard payment terms
MCBC UK Standard payment terms are 90 days. Payment terms start from date of receipt of a valid invoice and are paid in the subsequent payment run when the invoice is due and free for payment and the vendor account is in credit balance. Payment runs are weekly on Monday for in bank Wednesday.
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
120 days
Longer payment terms are appropriately negotiated and mutually agreed.
Any other information about payment terms
No further comment provided
Dispute resolution process
Molson Coors is committed to resolving invoice or payment disputes and queries promptly. Our suppliers can contact our accounts payable service desk for support with expected invoice payment dates or queries at BPO-CBL.accountspayableprocessing@molsoncoors.com. We aim to provide a first response within 3 working days of receiving a query. Our accounts payable service desk will proactively contact our suppliers to inform them of credit note requests, invalid invoice rejections and actions required using the contact details on their vendor master data account. If a supplier is unable to reach a resolution to an issue or has any concerns, this should be escalated to their Molson Coors relationship owner.
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.
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