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Company number: 00079590

Reporting period:
17 September 2017 to 16 March 2018

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 13 April 2018

and approved by Mark Ward

Payment statistics

Average time taken to pay invoices: 51 days

Invoices paid:

Invoices due but not paid within agreed terms: 39 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

ABF Grain Products is the legal entity of a group of divisions who have there own payment practices and processes. Standard terms are mainly 60 days across the divisions however are 30 days for one of the divisions.

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

90 days

Maximum terms on our largest division is 60 days from the end of the invoiced month. This can mean payments are made on average between 75-90 days from the invoice date.

Any other information about payment terms


Dispute resolution process

ABF Grain Products largest division dispute process can be found via the following link:
Another example of a divisions dispute process can be found within the terms and conditions of purchase under section 17.11, see link below:
Other divisions have various processes, including contacting the accounts payable team who will direct the query internally to be resolved as soon as possible.

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.

Yes – Prompt payment code

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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?