FRANK ROBERTS & SONS LIMITED

Company number: 00170133

Reporting period:
3 March 2019 to 31 August 2019

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This report was filed on 9 September 2019

and approved by Byron Cooper

Payment statistics

Average time taken to pay invoices: 54 days

Invoices paid:

• within 30 days: 8%
• in 31 to 60 days: 86%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 11%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

Section 9 of our terms and conditions (https://www.robertsbakery.co.uk/terms-and-conditions/) states that invoices will be paid within 60 days of receipt of a valid invoice - we do however endeavour to pay invoices within 60 days of the invoice date.

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

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Any payment disputes should be directed to accountspayable@frank-roberts.co.uk, through the switchboard on 01606 41122 or to Accounts Payable, Frank Roberts & Sons Ltd, Lichfield House, Gadbrook Park, Northwich, CW9 7RQ. We aim to respond to any payment disputes within 48 hours of receipt.

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.

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