CREDITON DAIRY LIMITED
Company number: 08490730
Reporting period:
3 January 2021
to 3 July 2021
This report was filed on 19 October 2021
and approved by Tim Smiddy
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 43%
- in 31 to 60 days: 51%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 59 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
60 days
Standard payment terms
Month End 45 which on average is 60 days. Its only 1 supplier and we only spend £22 with them in the period.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
This is Month End +45 days which on average is 60 days and it is only 1 supplier who has minimal spend.
Any other information about payment terms
N/A
Dispute resolution process
If an invoice is disputed for either price or quantity, it is place in dispute and communicated to the supplier. Our policy states it must be communicated to the supplier. The issue is then resolved with the supplier and paid.
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