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Company number: 03358553

Reporting period:
1 July 2020 to 31 December 2020

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 25 January 2021

and approved by Tim Robinson

Payment statistics

Average time taken to pay invoices: 24 days

Invoices paid:

Invoices due but not paid within agreed terms: 2 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

The Lantmannen Croup operates payment terms of net 60 days for new vendors.

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

75 days

Any other information about payment terms


Dispute resolution process

Lantmannen Unibake UK Ltd is committed to communicating with suppliers in a professional and
courteous manner.
Raw material suppliers are required to quote a valid purchase order number on all invoices. The
Accounts Payable team match the invoice to the purchase order and goods receipted by the Stores
team in the ERP system. If there is a price or quantity discrepancy, the invoice will be forwarded to
the relevant department for investigation. The invoice will not be approved for payment until the
query is resolved.
Overhead suppliers are required to quote the LANTID of the person who placed the order on all
invoices. The LANTID indicates to the Accounts Payable team which department the invoice needs
to be sent to in the electronic invoice approval system.
No invoice will be paid unless it has been fully matched to a corresponding purchase order or has
completed the electronic invoice approval flow. Lantmannen Unibake UK Ltd seeks to resolve all
queries as promptly as possible. All payment enquires should be directed to the Accounts Payable
team who can advise on the status of an invoice.

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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?