LINDEN FOODS LIMITED
Company number: NI014930
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
23 July 2019
Approved by:
Kevin Reid
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 22%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
2 days
Longest standard payment period
75 days
Standard payment terms
80% of purchases are for livestock purchases of beef and lamb and the remaining are for other purchases with the biggest categories outside of this being logistics costs and purchases of meat from third party suppliers.
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
75 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
When we have a dispute with a supplier we put the invoice on hold and then contact the supplier to obtain either a credit memos or further explanations as to why payment has not been made. We always endeavour to deal with any queries in a professional manner and to resolve the matter in a timely manner.
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.
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.
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