BEAM SUNTORY UK LIMITED
Company number: 05591988
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
29 July 2020
Approved by:
Mr Mick Ord
Payment statistics
Average time taken to pay invoices: 53 days
Invoices paid:
- within 30 days: 40%
- in 31 to 60 days: 38%
- in 61 days or more: 22%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 35%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Our system defaults to 60 days
payment terms on set up, this is
our most frequent used payment
term. We only change this if
procurement agrees other terms
very specifically.
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
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Invoices that do not clear the
system for payment are logged
and passed back to the account
handler to investigate and advise a resolution.
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.
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