Company number: 03358553
and approved by Tim Robinson
Average time taken to pay invoices: 38 days
Invoices paid:
Invoices due but not paid within agreed terms: 55%
60 days
Answer not provided
The Lantmännen Group operates payment terms of net 60 days for new vendors.
Answer not provided
N/A
75 days
No further comment provided
N/A
Lantmännen Unibake UK Limited is committed to communicating with suppliers in a professional and courteous manner. Raw material suppliers are required to quote a valid purchase order number on all invoices. The Accounts Payable team match the invoice to the purchase order and goods receipted by the Stores team in the ERP system. If there is a price or quantity discrepancy, the invoice will be forwarded to the relevant department for investigation. The invoice will not be approved for payment until the query is suitably resolved. Overhead suppliers are required to quote the LANT ID of the person who placed the order on all invoices. The LANT ID indicates to the Accounts Payable team which department the invoice needs to be sent to in the electronic invoice approval system. No invoices will be paid unless it has been fully matched to a corresponding purchase order or has completed the electronic invoice approval flow. Lantmännen Unibake UK Ltd seeks to resolve all queries as promptly as possible. All payment enquiries should be directed to the Accounts Payable team who can advise on the status of an invoice.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No