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MCCAIN FOODS (G.B.) LIMITED

Company number: 00733218

Reporting period:
1 July 2021 to 31 December 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 24 January 2022

and approved by Bobby Puri

Payment statistics

Average time taken to pay invoices: 53 days

Invoices paid:

• within 30 days: 20%
• in 31 to 60 days: 54%
• in 61 days or more: 26%

Invoices due but not paid within agreed terms: 42 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

120 days

Standard payment terms

We have various payment terms ranging from immediate upto 120 days. However our standard payment terms are 60 days net from date of invoice, and the majority of our suppliers are on 60 day terms.

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

Yes – A number of options were introduced to reflect different interpretations of the 60 day position.

Were suppliers notified or consulted about these changes before they were made?

Yes – Through negotiation and with full agreement of any affected suppliers.

Maximum contractual payment period agreed

120 days

Any other information about payment terms

N/A

Dispute resolution process

The first contact for disputes is the McCain payment centre, contactable by phone during weekday working hours or by email.
The McCain payment centre directs queries to either the identified buyer or the GB finance team if buyer details are not clear.
Escalation channels are available through both the Procurement and Finance organisation.

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.

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