CRANSWICK COUNTRY FOODS (BALLYMENA)
Company number: NI071259
Reporting period:
27 September 2020
to 27 March 2021
This report was filed on 27 April 2021
and approved by Mark Bottomley
Payment statistics
Average time taken to pay invoices: 67 days
Invoices paid:
- within 30 days: 14%
- in 31 to 60 days: 57%
- in 61 days or more: 29%
Invoices due but not paid within agreed terms: 92 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Unless otherwise agreed in writing with the supplier, Cranswick Country Foods (Ballymena) shall pay the invoiced amounts within 30 days of the date of a correctly rendered invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
Any disputes in the first instance will be referred to the representative who has normal day-to-day contact in relation to the goods or services supplied. If a dispute is not able to be resolved at this level, then the dispute may be escalated to Director level.
Redress from the Courts for disputes that cannot be resolved is viewed as a last resort and the company would therefore seek to resolve any ongoing dispute through mediation wherever possible.
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.
No
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