GOV.UK
AIMIA FOODS LIMITED
Company number: 01542173
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 30 January 2020
and approved by Richard York
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 24%
- in 31 to 60 days: 28%
- in 61 days or more: 48%
Invoices due but not paid within agreed terms: 87 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Aimia have a number of standard terms the main two are 30 and 60 days EOM. Terms and Conditions of Purchase: Invoices shall be submitted by the Supplier for the supply of Goods in accordance with the Order. The Company shall be entitled to dispute the validity of any invoice and upon notification to the Supplier the invoice shall not become due, and the Company shall be entitled to withhold payment in whole or in part of any such invoice which the Company believes has been incorrectly submitted. Unless otherwise agreed in the Special terms or separately in writing, payment shall be due within the Supplier's respective agreed terms for example 60 days of the end of the month in which a valid invoice is received. The Company may set off, or deduct against the price for the Goods (including any VAT) any amounts due from the Supplier whether under these terms or otherwise.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
Payment runs are done weekly and monthly. Weekly runs mean that some invoices are paid a few days early whilst some will be paid a few days late. Aimia's reporting periods are not based on calendar months which means that although a monthly run is done a number of payments which are due at the calendar month end will fall just outside the reporting calendar.
Dispute resolution process
In case of dispute the invoice would be rejected by the authorising manager and placed on hold by the Purchase Ledger Clerk. The invoice would be queried with the supplier until a resolution has been agreed and a credit note / and replacement invoice (if applicable) is received. Purchase Ledger contact telephone: 01942 272 900. In accordance with the Terms and Conditions of Purchase; 7 b) If the Goods don not correspond with the Order, they may be rejected and the Order cancelled, whereupon the Company shall be under no further liability. If the Company elects not to cancel the Order, the Supplier at his own expense and without delay shall rectify or replacement as required any defects that arise.
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