BROADLAND WINERIES LIMITED
Company number: 00859081
Reporting period:
1 April 2019 to 30 September 2019
Report filed on:
9 October 2019
Approved by:
Robert Bell
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 50%
- in 31 to 60 days: 44%
- in 61 days or more: 6%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 64%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
120 days
Standard payment terms
Wine Supply - Rest of World= 60-120 days
Wine Supply - Europe = 30-60 days
Dry Goods 30-60 days
Other Services as agreed with supplier
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
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes are alerted to Accounts Payable or Buyer.
Accounts speak to buyer to determine any delivery or quality issues.
Any issues are relayed to supplier to help find a solution to 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 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.
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.
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