HERON FOODS LIMITED
Company number: 01392197
Reporting period:
30 September 2018 to 30 March 2019
Report filed on:
30 April 2019
Approved by:
Paul McDonald
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 56%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 13%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
There are a range of payment terms used for Suppliers and Heron will pay each correct invoice on its next weekly or monthly payment run following the due date.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Our policy is to pay supplier on time and in accordance with the agreed supplier terms. Late payments generally arise as a result of invoice and purchase order discrepancies. Suppliers will raise payment queries with the finance team and they will work with the supplier and their Heron contact to resolve the query.
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