Published reports

DSM NUTRITIONAL PRODUCTS (UK) LIMITED

Company number: 04031360

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

Reporting period:

1 January 2020 to 30 June 2020

Report filed on:

20 July 2020

Approved by:

Graeme Weir


Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

  • within 30 days: 40%
  • in 31 to 60 days: 52%
  • in 61 days or more: 8%

Late and disputed:

  • total value of payments due in the reporting period which have not been paid within the agreed period: £0
  • payments due in the reporting period which have not been paid within the agreed period: 27%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Standard payment terms are 60 days from date of invoice. However, we have some suppliers where immediate payment terms have been agreed and some where the payment term has been agreed at longer than 60 days with 90 days the longest agreed term.

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

No

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

N/A

Any other information about payment terms

No further comment provided

Dispute resolution process

A complaint or concern will be raised with the Business Support department. If this cannot be resolved quickly, it will be referred to the Head of the department who will then investigate the concern and communicate any actions to the relevant stakeholders.

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 Fair 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.

Yes

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