SAINSBURY'S SUPERMARKETS LTD
Company number: 03261722
Reporting period:
8 March 2020
to 7 March 2021
This report was filed on 14 April 2021
and approved by Kevin O'Byrne
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 8%
- in 31 to 60 days: 70%
- in 61 days or more: 22%
Invoices due but not paid within agreed terms: 3 %
Payment terms
Standard payment period for qualifying contracts
7 days
Standard payment terms
End of month following (from latter of invoice and receipt dates)
Were there any changes to the standard payment terms in the reporting period?
Yes –
Standard payment terms for all suppliers with less than £100k spend per annum moved to 14 days
Were suppliers notified or consulted about these changes before they were made?
Yes – Eligible suppliers were notified in writing
Maximum contractual payment period agreed
75 days
Any other information about payment terms
N/A
Dispute resolution process
Disputes are resolved by negotiation involving the relevant parties
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.
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