FANE VALLEY FEEDS LIMITED
Company number: NI025752
Reporting period:
1 October 2025 to 31 March 2026
Report filed on:
28 April 2026
Approved by:
Garth Boyd
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 29 days
Total value paid:
- within 30 days: £28,741,224 (52%)
- in 31 to 60 days: £25,123,091 (46%)
- in 61 days or more: £985,219 (2%)
Invoices paid:
- within 30 days: 52%
- in 31 to 60 days: 46%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £1,622,234
- payments due in the reporting period which have not been paid within the agreed period: 3%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
17 days
Longest standard payment period
120 days
Standard payment terms
Grain Suppliers: Payment 11 days from Monday following date of Invoice 11-17 days
Grain Storage Payment 1st Friday after 30 days credit 37 days
Pullet Suppliers Crop Credit i.e. Payment after crop finish approx 120 days 120 days
All others EOM following Month of Invoice 61 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
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any disputes relating to payment should be addressed to the purchase clerk initially who will consult with the departmental manager to get approval that the contract has been fulfilled and that the invoice is at the agreed price before payment is processed. If approval is not given the departmental manager will contact the supplier in relation to the query.
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