2 AGRICULTURE LIMITED
Company number: SC156515
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
31 July 2026
Approved by:
Gavin Berry
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: 56 days
Total value paid:
- within 30 days: £54,664,111 (21%)
- in 31 to 60 days: £51,893,831 (19%)
- in 61 days or more: £159,839,648 (60%)
Invoices paid:
- within 30 days: 14%
- in 31 to 60 days: 29%
- in 61 days or more: 57%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £186,886,392
- payments due in the reporting period which have not been paid within the agreed period: 84%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
28 days
Longest standard payment period
70 days
Standard payment terms
2 Agriculture operates a weekly payment run on a Wednesday each week and captures all invoices due for payment to the Friday of that week.
Payment is made by BACS and supplier receives payment on the Friday. It is not practical to process daily payment runs, therefore invoices could be normally up to 6 days overdue.
In this period the company implemented a new system which has affected the average number of days to pay and we expect the average number of days to fall back in line with previous periods in future periods.
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
0 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices are matched on receipt if the supplier has stated the correct purchase order or reference number and the quantities and price match the details on our system. Should the invoice and order not match, the Purchase Ledger Manager will liaise with the relevant site management to confirm the correct information and work with the supplier to enable the correct payment to be made. In the event the Purchase Ledger Manager is not able to agree with the supplier, the dispute is passed to the Finance Director. Upon resolution the invoice is placed on the next available payment run. Through the process of statement reconciliations, disputes relating to missing invoices are identified before they become overdue. Remittance advices are sent via email or post when payment is made. This is in order for the supplier to match the payment received against the same invoices as 2Agriculture has matched to and avoids disputes about
mis-matching of payments.
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