MULLER UK & IRELAND GROUP LLP
Company number: OC384928
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
23 July 2021
Approved by:
Colum Dunphy
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 35%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 18%
Payment terms
Shortest standard payment periods
18 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms for payment of invoices for Muller UK & Ireland LLP are 45 days from the receipt of a fully supported and accurate invoice for goods and services that have been delivered in full. Muller UK & Ireland LLP have separate terms for the settlement of milk purchases to supplying farmer producers operating under an Agreement for the Purchase of Raw Milk. These payments are made to the producers bank to arrive on the 18th day of the month following the month when the milk is collected. For significant contracts for the supply and installation of machinery and equipment, the Muller standard payments terms are 30 days from receipt of invoice based on a contractually agreed set of certified milestones with documented criteria dictating the completion of each milestone and invoicing opportunity. Muller UK & Ireland LLP pay a number of service and intercompany related invoices on receipt
Were there any changes to the standard payment terms in the reporting period?
Standard payment terms changed from 60 days to 45 days
Were suppliers notified or consulted about these changes before they were made?
No
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All disputed payment queries are initially handled by the Accounts Payable team. Volume queries are escalated to the receiving location to evidence of delivery differences and price queries supported by the procurement team. If a satisfactory outcome cannot be reached, the issues are escalated through the procurement team to our internal legal team for support and resolution. For raw milk procurement, the LLP provides the option of CEDR (Centre for Effective Dispute Resolution) dispute resolution for farmer producers operating under an Agreement for the Purchase of Raw Milk.
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