UNILEVER UK LIMITED
Company number: 00334527
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
28 January 2020
Approved by:
Paul Fenwick
Payment statistics
Average time taken to pay invoices: 60 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 25%
- in 61 days or more: 44%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 3%
Payment terms
Shortest standard payment periods
90 days
Longest standard payment period
180 days
Standard payment terms
Unilever UK Limited standard payment terms are 90 days from receipt of a valid invoice. Exceptions exist for organizations such as charities, business associations and SME suppliers, where we offer payment terms of 30 days from receipt of invoice.
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
180 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Suppliers can get in touch with Unilever's Accounts Payable Helpdesk for any invoice or payment queries via phone or by logging a request on our website or using the self- service Vendor Query Portal: https://www.unilever.com/about/suppliers-centre/how-to-invoice-us/north-america-europe/. The website also provides information on what to include on invoices, how to read a purchase order or escalate an existing query.
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.
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.
Yes
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