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BECKETT'S FOODS LIMITED

Company number: 02257171

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 31 January 2022

and approved by Timothy Cornes

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

• within 30 days: 34%
• in 31 to 60 days: 60%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 99 %

Payment terms

Shortest standard payment period

21 days

Longest standard payment period

90 days

Standard payment terms

Standard Terms EOM 21 days 1% Rebate
EOM 60 days 0% Rebate
Invoice 35 days for Raw Material
We have various other terms outside the standard depending on type of suppy.

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

No

Maximum contractual payment period agreed

90 days

n/a

Any other information about payment terms

n/a

Dispute resolution process

All invoices excluding utility bills are required to state our purchase order number. Invoices not matching our PO detail are processed through our supplier dispute process by our Accounting Technicians. They will liaise both internally and externally with all stakeholders with the aim to resolve any dispute within 14 days.

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