FERROVIAL AGROMAN LIMITED
Company number: 08235538
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
22 July 2019
Approved by:
Andres Blanco Diez
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 14%
- in 61 days or more: 45%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 68%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Ferrovial Agroman Limited’s most frequently used payment terms are for intercompany contracts whose payment terms of 30 days are in line with the intercompany service agreements between Ferrovial Agroman Limited and the Ferrovial Group companies from whom it receives services.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Ferrovial Agroman Limited actively seeks to resolve disputes through discussion with the relevant supplier, initially with the finance team and where necessary involving senior management. Where it is not possible to reach an agreement, standard dispute resolution methods such as mediation and arbitration may be used.
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.
Yes, this business has signed up to: The Construction Act
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