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CRANSWICK COUNTRY FOODS PLC

Company number: 01803402

Reporting period:
1 October 2018 to 31 March 2019

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

This report was filed on 29 April 2019

and approved by Mark Bottomley

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

• within 30 days: 21%
• in 31 to 60 days: 62%
• in 61 days or more: 17%

Invoices due but not paid within agreed terms: 90 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Unless otherwise agreed in writing with the supplier, Cranswick Country Foods plc shall pay the invoiced amounts within 30 days of the date of a correctly rendered invoice.

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

No

Maximum contractual payment period agreed

90 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Any disputes in the first instance will be referred to the representative who has normal day-to-day contact in relation to the goods or services supplied. If a dispute is not able to be resolved at this level, then the dispute may be escalated to Director level.

Redress from the Courts for disputes that cannot be resolved is viewed as a last resort and the company would therefore seek to resolve any ongoing dispute through mediation wherever 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.

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