ARLA FOODS LIMITED
Company number: 02143253
Reporting period:
1 January 2020 to
30 June 2020
This report was filed on 27 July 2020
and approved by Simon Kin Man Ho
Payment statistics
Average time taken to pay invoices: 53 days
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 46%
- in 61 days or more: 28%
Invoices due but not paid within agreed terms: 55%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Arla Foods Ltd standard payment terms are 60 days. Due date is calculated by applying agreed terms to the latter of valid invoice presented or goods receipt date. All invoices are paid on our calculated due date. If an invoice falls due during a weekend or holiday, the payment transaction is executed on the following business day. Please find our payment policy on https://www.arla.com/legal-information/payment-policy/
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
135 days
We offer 135 days payment terms to our supply chain suppliers.
Any other information about payment terms
If we ignore the money transfer time (as GBP transfer takes 2 working days), the value of the payments on time increases to 71%, and additionally, if we ignore the weekends, it is almost 86%.
Dispute resolution process
In case of any disputes related to payment terms, supplier can contact P2P Department at: AP.UK@arlafoods.com or write to Arla Foods Ltd, 4 Savannah Way Leeds Valley Park, Leeds, LS10 1AB or call: 0 113 3827 202
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.
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