GOV.UK
MCCAIN FOODS (G.B.) LIMITED
Company number: 00733218
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 22 July 2020
and approved by Bobby Puri
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 18%
- in 31 to 60 days: 52%
- in 61 days or more: 30%
Invoices due but not paid within agreed terms: 48 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
120 days
Standard payment terms
We have various payment terms ranging from immediate upto 120 days. However our standard payment terms are 60 days net from date of invoice, and the majority of suppliers are on 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
This is only applied to one supplier on purchases related to a specific one off capital project.
Any other information about payment terms
N/A
Dispute resolution process
The first point of contact for disputes is the McCain payment centre, contactable by phone during weekday working hours or email.
The McCain payment centre directs queries to either the identified buyer or the GB finance team if the buyer details are not clear.
Escalation channels are available through both the Procurement and Finance organisation.
McCain provides a vendor portal to allow suppliers to check on the status of any submitted but unpaid invoices.
This is real time and shares approval status and expected payment date once approved.
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.
Yes
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