GOV.UK
TESCO FOOD SOURCING LIMITED
Company number: 07502096
Reporting period:
1 March 2020
to 29 August 2020
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 28 September 2020
and approved by Stephanie Wood
Payment statistics
Average time taken to pay invoices: 11 days
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
58 days
Standard payment terms
No Standard Terms agreed
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
58 days
NA
Any other information about payment terms
NA
Dispute resolution process
Team has a generic Email ID where the queries are
sent and these are managed within agreed service level of 4 days
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