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Company number: SC156515

Reporting period:
1 July 2019 to 31 December 2019

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 28 January 2020

and approved by Gavin Berry

Payment statistics

Average time taken to pay invoices: 52 days

Invoices paid:

Invoices due but not paid within agreed terms: 65 %

Payment terms

Shortest standard payment period

28 days

Longest standard payment period

70 days

Standard payment terms

2 Agriculture operates a weekly payment run on a Wednesday each week and captures all invoices due for payment to the Friday of that week. Payment is made by BACS and supplier receives payment on the Friday. It is not practical to process daily payment runs, therefore invoices could be up to 6 days overdue

Our average agreed payment terms verses actual clearly demonstrates 2 Agriculture is a prompt payer

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


Maximum contractual payment period agreed

70 days

Any other information about payment terms


Dispute resolution process

Invoices are matched on receipt if the supplier has stated the correct purchase order or reference number and the quantities and price match the details on our system. Should the invoice and order not match, the Purchase Ledger Manager will liase with the relevant site management to confirm the correct information and work with the supplier to enable the correct payment to be made. In the event the Purchase Ledger Manager is not able to agree with the supplier, the dispute is passed to the Finance Director. Upon resolution the invoice is placed on the next available payment run. Through the process of statement reconciliations, disputes relating to missing invoices are identified before they become overdue. Remittance advices are sent via e-mail or post when payment is made. This is in order for the supplier to match the payment received against the same invoices as 2 Agriculture has matched to and avoids disputes about mis-matching of payments.

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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?