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Company number: 06344120

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 27 January 2021

and approved by Alberto Tiburcio

Payment statistics

Average time taken to pay invoices: 14 days

Invoices paid:

Invoices due but not paid within agreed terms: 0 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Fresnillo plc’s (“Fresnillo”) standard terms provide that it will pay all invoices within 30 days from the date of receipt.

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


Maximum contractual payment period agreed

30 days

Any other information about payment terms


Dispute resolution process

Fresnillo endeavours to advise suppliers of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms and is committed to dealing with its suppliers in a fair, honest and professional manner whilst seeking best value for the business. Disputes and complaints relating to payments are handled by e-mail or phone by the Fresnillo department who has requested the service or supply, with the support of our Accounts Payable department. Fresnillo will pay the invoice(s) in the payment run that occurs immediately after the dispute is resolved (within the next 7 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.


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?