MOY PARK LIMITED

Company number: NI004842

Reporting period:
1 July 2018 to 31 December 2018

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This report was filed on 31 January 2019

and approved by Flavio Malnarcic

Payment statistics

Average time taken to pay invoices: 43 days

Invoices paid:

• within 30 days: 39%
• in 31 to 60 days: 35%
• in 61 days or more: 26%

Invoices due but not paid within agreed terms: 50%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

107 days

Standard payment terms

M32

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

Standard payment terms for our company Moy Park Ltd moved from D45 to M32. This change was applied to new vendors being used for the first time prior to commencing supply to Moy Park Ltd.

Were suppliers notified or consulted about these changes before they were made?

The new payment terms are applied to new suppliers only and are communicated as part of the negociation process prior to contract and supply.

Maximum contractual payment period agreed

107 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Where possible Moy Park Ltd match all invoices automatically through a three way match process, any issue arising for a failure to match is assigned back to the ordering site electronically for correction and controlled through electronic workflows.

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.

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