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UPFIELD FOODS UK LIMITED

Company number: 09521994

Reporting period:
1 January 2019 to 30 June 2019

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

This report was filed on 31 July 2019

and approved by Daniel Balmer

Payment statistics

Average time taken to pay invoices: 57 days

Invoices paid:

• within 30 days: 36%
• in 31 to 60 days: 24%
• in 61 days or more: 40%

Invoices due but not paid within agreed terms: 26 %

Payment terms

Standard payment period for qualifying contracts

120 days

Standard payment terms

Upfield Foods UK payment terms are 120 days from receipt of a valid invoice. Exceptions do exist and would cover organisations such as charities, business associations and SME suppliers who attract payment terms of 30 days from receipt of invoice.

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

No

Maximum contractual payment period agreed

120 days

Any other information about payment terms

N/A

Dispute resolution process

Under TSA with Unilever (following sale of business), suppliers can get in touch with Unilever's Accounts Payable Helpdesk for any invoice or payment queries by logging a request on our website or using the self- service Vendor Query Portal : https://www.unilever.com/about/suppliers-centre/how-to-invoice-us/north-america-europe/. The website also provides information on what to include on invoices, how to read a purchase order or escalate an existing query.

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

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