GOV.UK
ABF GRAIN PRODUCTS LIMITED
Company number: 00079590
Reporting period:
15 March 2020
to 29 August 2020
This report was filed on 25 September 2020
and approved by Mark Fowle
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 59%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 20 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
The most frequently used payment terms are 30 days or 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
We have a maximum 90 days contractual term, with one of our divisions having terms of 60 days from end of month, whereby payment can be made between 75-90 days, however this is only agreed with less than 10 suppliers.
Any other information about payment terms
Payment terms are adhered to where possible, with queries being resolved as soon as possible. Of our late payments 52% were paid late by up to 10 days of which 49% of those were only late by up to 3 days.
Dispute resolution process
Across our divisions there are various dispute resolution processes, below listed are the processes for the three largest divisions:
Allied Bakeries - All disputes can be emailed to p2p@alliedbakeries.co.uk and will be responded to within 48 hours. The information can be found on the Allied Bakeries website & the Prompt Payment Code website.
JDR - 1. Supplier will contact the AP team directly via phone or email
2. AP will review and determine who this relates to: Late payment (AP), Contractual issues (Procurement)
3. Relevant department will discuss the issue with the supplier and look to resolve ASAP.
Westmill - In the event of any disputes arising out of or in relation to this Contract, without prejudice to any rights either party may have (including but not limited to the right to obtain injunctive relief and any right of the Buyer if it reasonably believes that the Seller has repudiated the Contract or is in material breach), either party may request that the parties attempt to settle it first by negotiation. If the parties have not settled such dispute within 21 days of the commencement of negotiations the parties will attempt to settle it by referring the matter to their respective general manager (or other relevant senior manager as may be agreed by the parties) who will attempt to resolve such dispute.
All invoices should be addressed to: Westmill Foods, 26 Crown Road, Enfield, EN1 1DZ
All invoices should be emailed (where possible): purchaseledger@westmill.co.uk
For any queries or disputes: email: purchaseledger@westmill.co.uk, telephone: 02083458103
Escalation of queries or disputes: David Kinnon (Financial Controller), email: david.kinnon@westmill.co.uk, telephone: 02083458100.
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.Yes – Prompt Payment Code
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