GOV.UK
REFRESCO BEVERAGES UK LIMITED
Company number: 00161079
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 30 January 2019
and approved by David Saint
Payment statistics
Average time taken to pay invoices: 64 days
Invoices paid:
- within 30 days: 8%
- in 31 to 60 days: 39%
- in 61 days or more: 53%
Invoices due but not paid within agreed terms: 37 %
Payment terms
Standard payment period for qualifying contracts
90 days
Standard payment terms
Our standard payment terms are as follows:-
· after 31/03/18
90 days from invoice date paid at the end of the month
Some suppliers are on different payment terms to those above. There is no set
criteria on what determines the payment terms. Payment terms are agreed
between the supplier and our buyer, this is confirmed in writing on our Purchase
Order.
If a supplier has an amount due to us they may deduct their invoice once due
from their payment to us.
The maximum contract payment period is 120 days from date of invoice.
Changes/New payment terms are stated in writing on our purchase order.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Any other information about payment terms
N/A
Dispute resolution process
Invoice discrepancies/disputes are notified to the supplier as soon as possible
by either our Purchase Ledger Department or our Buyers.
Invoices are not paid until the discrepancy/dispute is resolved.
We aim to resolve any invoice discrepancies/disputes before the invoice is due
for payment however this can be dependent upon action from the supplier.
Suppliers can contact either our Purchase Ledger Department or our Buyers
with any invoice or payment queries.
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