FERRERO UK LIMITED
Company number: 00876127
Reporting period:
1 March 2026 to 31 August 2026
Report filed on:
4 November 2026
Approved by:
Kundan Patel
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: 54 days
Total value paid:
- within 30 days: £21,057,359 (39%)
- in 31 to 60 days: £27,414,798 (51%)
- in 61 days or more: £5,603,843 (10%)
Invoices paid:
- within 30 days: 25%
- in 31 to 60 days: 52%
- in 61 days or more: 23%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £7,435,345
- payments due in the reporting period which have not been paid within the agreed period: 16%
- not made in the reporting period due to a dispute: 16%
Payment terms
Shortest standard payment periods
15 days
Longest standard payment period
90 days
Standard payment terms
The majority of our vendors are on standard terms of 60 days end of month.
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
90 days
We have the following terms available to us:-
Immediate
15 days date of invoice
30 days date of invoice
45 days date of invoice
60 days date of invoice
90 days date of invoice
Each vendor negotiates terms with Procurement and agrees before proceeding to trade with us.
Any other information about payment terms
We operate a strict No PO No Pay policy so a vendor receives and official purchase order from us clearly stating our terms, price and quantity prior to commencing trading with us.
Any disputes with terms are dealt with by our procurement team .
Dispute resolution process
Any dispute is handled between the vendor and the owner of the purchase order.
Once they have reached a resolution, the invoice is released to us to make payment.
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