MOWI CONSUMER PRODUCTS UK LIMITED
Company number: SC349437
Reporting period:
1 July 2021 to 31 December 2021
Report filed on:
31 January 2022
Approved by:
Joanne Whittem
Payment statistics
Average time taken to pay invoices: 25 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: 35%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Our general payment terms are 30 days, We have an exception of proforma/Capital expenditure which require same day payment before items will be delivered. We have a few suppliers that provide longer terms but due to a long working relationship
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
We have a shared service centre that process all our invoices, queries and payments. They have a generate email address as well as numerous contacts to call. If a dispute can not be resolved by them then it is highlighted to our finance team who then take over and sort out the issue.
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.
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