PERNOD RICARD UK LIMITED
Company number: 01870414
Reporting period:
1 July 2017 to 31 December 2017
Report filed on:
26 January 2018
Approved by:
Edward Mayle (FD)
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 32%
- in 31 to 60 days: 33%
- in 61 days or more: 35%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 35%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
89 days
Standard payment terms
Our standard T&Cs are 60 days with suppliers - main exceptions detailed below
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
89 days
Intercompany - per note below
Any other information about payment terms
Exceptions to the 60 day terms are agreed: * Payment of invoices for customer retros would typically match their own payment terms to us, e.g. 30 days. * We may agree shorter payment terms where the supplier will not agree to our 60 day terms, e.g. where they have the bargaining power as they provide a differentiated service, where there is a significant upfront cash outlay for an Event, etc. * Intercompany payments set between 18-31 of invoice date + 2 months (between 80 and 89 days) * Pernod Ricard Argentina - paid within 1-5 days of issuing stock invoices.
Dispute resolution process
All queries regarding payment of invoices should be emailed to the accounts payable department at accounts.payable@pernod-ricard-uk.com and should be responded to within 2/3 working days. Queries regarding volumes or work done is disputed by the account manager 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 Fair 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