FRONTIER AGRICULTURE LIMITED
Company number: 05288567
Reporting period:
1 January 2020 to
30 June 2020
This report was filed on 31 July 2020
and approved by Diana MacDuff
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 25%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 11%
Payment terms
Shortest standard payment periods
28 days
Longest standard payment period
Answer not provided
Standard payment terms
This is by cheque or bacs raised 28 days from the date of delivery by self bill posted 1st class unless otherwise agreed.
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
292 days
Agreed contractual payment period for one supplier is between 21 and 292 days as the relationship relates to year round supply
Any other information about payment terms
N/A
Dispute resolution process
There is an Accounts Payable department who are first point of contact to the supplier in case of invoice status query. The department can be reached via generic email addresses and phone numbers, suppliers are advised via supplier remittances to use those when they have questions in this regard. The accounts payable team investigates the issue, sometimes in cooperation with sites and administration departments; they then provide an answer 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