GOV.UK
CONCHA Y TORO UK LIMITED
Company number: 04131411
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 29 January 2020
and approved by Osvaldo Solar
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 64%
- in 31 to 60 days: 19%
- in 61 days or more: 17%
Invoices due but not paid within agreed terms: 34 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms are 30 days from invoice date; exceptions to this are shown below.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Exceptions to the 30 days standard payment term are:
- co-packer invoices payable at 60 days
- small suppliers and exceptional cases between 0 to 15 days
- invoices from suppliers who are at the same time customers are mainly settled by way of deduction by the supplier when a payment is due to Concha y Toro UK; payment terms are not strictly followed and such deductions take place usually before the agreed
payment terms
Any other information about payment terms
N/A
Dispute resolution process
Concha y Toro UK endeavours to resolve suppliers' queries swiftly. On a first instance queries should be addressed via email to
Accounts Payable (accounts@cyt-uk.com) and will be responded within 3 to 5 working days. In the event that no agreement is
reached, the query could be escalated to the Head of Finance.
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