KELLOGG COMPANY OF GREAT BRITAIN,LIMITED
Company number: 00199171
Reporting period:
28 June 2020 to
2 January 2021
This report was filed on 29 January 2021
and approved by Phillip Jones
Payment statistics
Average time taken to pay invoices: 90 days
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 12%
- in 61 days or more: 71%
Invoices due but not paid within agreed terms: 2%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
150 days
Standard payment terms
Payment terms differ depending on the nature of the supplier and the underlying contract, and are assessed on a case by case basis. The standard payment terms are set at 60 days. Discounting programs are available to these suppliers should they wish to receive earlier payment. For larger contracted suppliers maximum payment terms would be 150 days. Such suppliers have the option to access a supply chain finance programme, allowing them to request payment within 10 days. Standard payment terms for intercompany invoices are 30 days.
Were there any changes to the standard payment terms in the reporting period?
Some suppliers with access to the supply chain finance programme moved to 150 day standard payment terms.
Were suppliers notified or consulted about these changes before they were made?
By email
Maximum contractual payment period agreed
150 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Dispute invoices include, late issue, incorrect or non-compliant invoices. A dedicated Finance Support Helpdesk is available to all suppliers which can be reached by Phone: + 44 (0) 161 869 5000 or e-mail: APHelpdesk.EU@support.kellogg.com . Suppliers can contact the Helpdesk to resolve or escalate issues which will be actioned internally by our Accounts Payable team. This team will investigate and resolve internally to ensure approval is granted to all invoice payments.
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, 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.
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