ADELIE FOODS LIMITED
Company number: 04272608
Reporting period:
1 April 2019 to 28 September 2019
Report filed on:
17 January 2020
Approved by:
Mark Stott
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 43%
- in 61 days or more: 27%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 35%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
The company’s standard payment terms are that an invoice is paid a month after the invoice is dated. Significant contracts including food and packaging are subject to specific payment terms as set out within agreed contracts. The maximum contractual payment period is end of month plus 60 days.
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
n/a
Any other information about payment terms
n/a
Dispute resolution process
Any dispute about invoice payment that cannot be resolved with the company’s accounts payable team can be escalated to either the relevant sites or the procurement director. If further escalation is required, the Head of Finance and the Group CFO will resolve.
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