MOWI CONSUMER PRODUCTS UK LIMITED
Company number: SC349437
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 26 January 2021
and approved by James Mark
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 29%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 35 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Suppliers are typically paid 30 days after invoice date assuming that the invoice is approved through the procurement approval process and it is matched with the PO.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
Payment disputes are usually resolved directly between the first point of contacts. If not the line manager or procuring parties are asked to assist. In exceptional circumstances the issue is raised to senior managers to resolve. Issues would be recorded and used for training purposes if fault lies within the organisation.
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.
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