FRESH & WILD LIMITED
Company number: 03576009
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
29 January 2021
Approved by:
Patricia Diana Yost
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 4%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 6%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
45 days
Standard payment terms
The most frequently used payment term for products is Net30 and the most frequently used payment term for services is Net45.
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
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Fresh & Wild seeks to resolve disputes through open and honest communication between the supplier, and our Accounts Payable, Procurement or Business teams responsible for the relationship with the supplier. Should this fail, disputes are escalated to the relevant Business Leader and Finance Director.
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.
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