CREDITON DAIRY LIMITED
Company number: 08490730
Reporting period:
6 July 2025 to 3 January 2026
Report filed on:
7 January 2026
Approved by:
Tim Smiddy
Payment statistics
Average time taken to pay invoices: 28 days
Total value paid:
- within 30 days: £8,149,353 (6%)
- in 31 to 60 days: £129,895,995 (93%)
- in 61 days or more: £1,767,383 (1%)
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 47%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £28,910,445
- payments due in the reporting period which have not been paid within the agreed period: 51%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms are month end plus 30 days.
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
There are very few payments made on these terms.
Any other information about payment terms
Whilst it looks like a lot of our payments are late this is due to the fact we make one bacs run per week. As a result 74% of those piad after the due date are paid within 5 days or less. 92% of those paid late are paid within 10 days or less of the due date.
Dispute resolution process
If an invoice is disputed for either price or quantity, it is place in dispute and communicated to the supplier. Our policy states it must be communicated to the supplier. The issue is then resolved with the supplier and paid.
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