TILLERY VALLEY FOODS LIMITED
Company number: 02065462
Reporting period:
1 September 2017 to
28 February 2018
This report was filed on 29 March 2018
and approved by Laurent Arnaudo
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 51%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 16%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
Sodexo Limited does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period are 60 days from month end.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
90 days from month end
Any other information about payment terms
Invoices are paid in line with contractual terms and where suppliers participate in Supplier Financing; this facility enables payment to suppliers earlier than standard or contracted payment terms
Dispute resolution process
Supplier payment issues that arise in the first instance are addressed by a dedicated Accounts Payable queries team within the Financial Shared Services centre. Depending on the issue, the Procurement team may be involved to resolve any disputes or issues.
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, 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