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COMPASS GROUP HOLDINGS PUBLIC LIMITED COMPANY

Company number: 02090126

Reporting period:
1 April 2019 to 30 September 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 30 October 2019

and approved by Karen Witts

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

• within 30 days: 73%
• in 31 to 60 days: 20%
• in 61 days or more: 7%

Invoices due but not paid within agreed terms: 23 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Compass Group Holdings PLC's standard payment terms are 30 days from date of receipt of a valid invoice, unless a different contractual payment period has been agreed.

The maximum agreed contractual payment period is 60 days from date of invoice.

There have been no changes to our standard payment terms during this reporting period.

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

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

In the first instance, suppliers who have a query regarding an invoice should speak with their Compass contract who can liaise with the Accounts Payable team.

Alternatively suppliers can contact the Accounts Payable team directly at AccountsPayable@compass-group.co.uk

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.

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