UNITED BISCUITS (UK) LIMITED
Company number: 02506007
Reporting period:
1 January 2019 to
30 June 2019
This report was filed on 29 July 2019
and approved by Mustafa Tercan
Payment statistics
Average time taken to pay invoices: 90 days
Invoices paid:
- within 30 days: 7%
- in 31 to 60 days: 16%
- in 61 days or more: 77%
Invoices due but not paid within agreed terms: 39%
Payment terms
Shortest standard payment periods
75 days
Longest standard payment period
120 days
Standard payment terms
Standard payment terms are 75 days and by agreement with individual suppliers may be shorter or longer ranging from 28 to 120 days. Payment runs are weekly.
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
120 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Supplier payment issues that arise are, in the first instance, addressed by the shared financial services team. Depending on the issue, procurement or site teams may be involved to resolve any disputes.
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.
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.
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