MONDELEZ UK LIMITED
Company number: 00203663
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 3 August 2020
and approved by Louise Stigant
Payment statistics
Average time taken to pay invoices: 82 days
Invoices paid:
- within 30 days: 9%
- in 31 to 60 days: 41%
- in 61 days or more: 50%
Invoices due but not paid within agreed terms: 10 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
60 days from the date of receiving the invoice. Specific payment terms outside the standard terms are agreed with some suppliers on a case-by-case basis.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
150 days
Under Mondelez International’s Supply Chain Finance programme, a supplier can elect for early payment of invoices, at a cost that is typically lower than traditional sources of financing.
The maximum contractual payment period of 150 days reported above is as a result of Supply Chain Finance arrangements.
For the purposes of this reporting, where a supplier has opted for Supply Chain Finance, the payment date reported is the date on which we pay the finance provider, rather than the earlier date on which the finance provider pays the supplier. The supplier is paid within 10 days of the Invoice Date under the Supply Chain Finance programme.
Any other information about payment terms
N/A
Dispute resolution process
Disputes are resolved in line with our standard terms and conditions, or specific contractual terms, and governed by the law which governs that of the contract.
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.
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