CHIVAS BROTHERS LIMITED
Company number: SC268758
Reporting period:
1 July 2017
to 31 December 2017
This report was filed on 25 January 2018
and approved by Vincent Turpin
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 16%
- in 31 to 60 days: 52%
- in 61 days or more: 32%
Invoices due but not paid within agreed terms: 8 %
Payment terms
Shortest standard payment period
60 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms are "End of Month + 60days from the date we receive the invoice in Accounts Payable".
Therefore payment period will be between 60 days and 90 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Intercompany only
Any other information about payment terms
N/A
Dispute resolution process
In the first instances, all queries should be directed to Accounts Payable via their dedicated email address
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