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COOPLAND & SON (SCARBOROUGH) LIMITED

Company number: 00465947

Reporting period:
1 April 2021 to 30 September 2021

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This information is as reported by the business, and responses are in their own words.

This report was filed on 1 November 2021

and approved by Ciara Allan

Payment statistics

Average time taken to pay invoices: 40 days

Invoices paid:

• within 30 days: 47%
• in 31 to 60 days: 48%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 5 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

Our standard payment terms are 60 days. This is also our maximum and shortest standard payment period. There has been no variation to this during the reporting period.
Cooplands request that all invoices are either posted to our head office at Caxton Way, Pindar Business Park, Eastfield, Scarborough, North Yorkshire, YO11 3YT, or emailed to invoices@cooplands-bakery.co.uk. We ask that suppliers only send invoices to one of these, as sending by email and post can cause duplication on our purchase ledger, which can result in delayed payments.
Payments are made by bacs, and we ask all new suppliers to submit bank details to facilitate these payments.
We are currently changing our payment system to allow payments to be made quicker, which should reduce our average time taken to pay invoices going forward.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Any disputes over payments are first raised with our accounts team at the head office in Scarborough. This can be by post to Cooplands Bakery, Caxton Way, Pindar Business Park, Eastfield, Scarborough, North Yorkshire, YO11 3YT, by phone 01723 585222 or by email to h.barnes@cooplands-bakery.co.uk.
This is then investigated by the accounts team, who will contact the buyer in Cooplands if there is a query on the invoice. Any queries relating to the goods or services will then be dealt with by the buyer, before either authorising the invoice for payment, or contacting the supplier to resolve the reasons why the invoice has not been authorised for payment.

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