HAIN FROZEN FOODS UK LIMITED
Company number: 05830980
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 24 January 2019
and approved by James Skidmore
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 60%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 12 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
75 days
Standard payment terms
Standard payment terms are 45 days from the end of the month in which the invoice is dated
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
Any other information about payment terms
N/A
Dispute resolution process
We strive to resolve any invoice/payment queries and disputes on a timely basis and, where possible, before payment is due. The Accounts Payable department, in conjunction with procurement and supply chain, are responsible for dispute resolution. The Accounts Payable department can be contacted by e-mail on accounts@haindaniels.com.
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
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