BRITVIC SOFT DRINKS LIMITED

Company number: 00517211

Reporting period:
1 October 2018 to 31 March 2019

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This report was filed on 7 May 2019

and approved by Simon Litherland

Payment statistics

Average time taken to pay invoices: 78 days

Invoices paid:

• within 30 days: 10%
• in 31 to 60 days: 15%
• in 61 days or more: 75%

Invoices due but not paid within agreed terms: 35%

Payment terms

Shortest standard payment periods

75 days

Longest standard payment period

105 days

Standard payment terms

The Company's standard payment terms are 75 days. Where the due date falls on a weekend, payment is made on the next working day.

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

Answer not provided

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

N/A

Maximum contractual payment period agreed

105 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Payment disputes are initially handled by the Accounts Payable team, with support from the relevant procurement contact, where appropriate. If a satisfactory outcome cannot be reached, the issue will be escalated within the organisation, and the PLC Legal team involved if necessary.

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.

Yes

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.

Yes

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