AGRIAL FRESH PRODUCE LTD
Company number: 03687920
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
3 September 2019
Approved by:
Simon Davies
Payment statistics
Average time taken to pay invoices: 54 days
Invoices paid:
- within 30 days: 6%
- in 31 to 60 days: 74%
- in 61 days or more: 20%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 85%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 days end of month.
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
90 days
90 days end of month.
Any other information about payment terms
Payment of an invoice shall normally be submitted 30 calendar days from the end of the month in which the invoice is dated, with funds clearing on the first working day of the following period.
A mid-month payment is normally submitted on the 15th calendar day of each month for suppliers with agreed terms that result in payments falling due on or after the first calendar day of the month.
When a new supplier is set up 30 days end of month payment terms would be used unless otherwise agreed with the supplier during the set-up process.
Dispute resolution process
Payment disputes related to invoices received are referred to the Accounts Payable team who will investigate the dispute and liaise with the necessary internal and external stakeholders in order to provide a resolution.
Accounts Payable can be contacted at accountuk@florette.com
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.
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