GOV.UK
FRESH DIRECT (UK) LIMITED
Company number: 03053702
Reporting period:
30 June 2019
to 28 December 2019
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 29 January 2020
and approved by Raj Tugnait
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 0%
- in 31 to 60 days: 79%
- in 61 days or more: 21%
Invoices due but not paid within agreed terms: 5 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
45 days
Standard payment terms
45 days EOM
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
We have recently moved our 60 days EOM account onto 42 days EOM
Any other information about payment terms
N/A
Dispute resolution process
If invoice matches their receipted PO then will be paid within terms.
If invoice does not match PO, then entered on to query log. Depending on type of query it is either sorted internally or if a short then require a signed POD. Once query has been resolved, if overdue we would pay on next payment run or if in terms paid when due.
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