NUTRICIA LIMITED

Company number: 00275552

Reporting period:
1 January 2018 to 30 June 2018

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This report was filed on 22 July 2018

and approved by SUDIP DASGUPTA

Payment statistics

Average time taken to pay invoices: 34 days

Invoices paid:

• within 30 days: 59%
• in 31 to 60 days: 29%
• in 61 days or more: 12%

Invoices due but not paid within agreed terms: 34%

Payment terms

Shortest standard payment periods

90 days

Longest standard payment period

95 days

Standard payment terms

Standard Payment Terms are 90 +2 days from the end of the month in which the expenditure is incurred. Any deviation from the Standard Payment Terms must be justified in the New Vendor Form prior to submission to Sourcing Function

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

95 days

Payable 95 days from the date of the invoice

Any other information about payment terms

N/A

Dispute resolution process

If a supplier has a complaint or dispute they will contact the UKIRL Accounts Payable department based in Wiltshire in the first instance, usually via email. The AP team will look into the status of the invoice and try and resolve the complaint with the supplier. If AP cannot resolve the complaint the AP team member will put the supplier in contact with the Buyer who requested the good/service. Danone follow a no PO no pay policy. The PO number is communicated by the Buyer to the Supplier at the point of placing an order. Danone reserve the right to reject invoices without PO's back to the Supplier

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.

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