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Company number: 03358553

Reporting period:
1 January 2019 to 30 June 2019

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 30 July 2019

and approved by Tim Robinson

Payment statistics

Average time taken to pay invoices: 40 days

Invoices paid:

Invoices due but not paid within agreed terms: 72 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

The Lantmännen Group operates payment terms of net 60 days for new vendors.

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


Maximum contractual payment period agreed

75 days

Any other information about payment terms


Dispute resolution process

Lantmännen Unibake UK Limited is committed to communicating with suppliers in a professional and courteous manner.
Raw material suppliers are required to quote a valid purchase order number on all invoices. The Accounts Payable team match the invoice to the purchase order and goods receipted by the Stores team in the ERP system. If there is a price or quantity discrepancy, the invoice will be forwarded to the relevant department for investigation. The invoice will not be approved for payment until the query is suitably resolved.
Overhead suppliers are required to quote the LANT ID of the person who placed the order on all invoices. The LANT ID indicates to the Accounts Payable team which department the invoice needs to be sent to in the electronic invoice approval system.
No invoices will be paid unless it has been fully matched to a corresponding purchase order or has completed the electronic invoice approval flow. Lantmännen Unibake UK Ltd seeks to resolve all queries as promptly as possible. All payment enquiries should be directed to the Accounts Payable team who can advise on the status of an invoice.

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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?