CF FERTILISERS UK LIMITED

Company number: 03455690

Reporting period:
1 July 2021 to 31 December 2021

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This report was filed on 1 February 2022

and approved by Brett Nightingale

Payment statistics

Average time taken to pay invoices: 62 days

Invoices paid:

• within 30 days: 15%
• in 31 to 60 days: 50%
• in 61 days or more: 35%

Invoices due but not paid within agreed terms: 77%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

90 days

Standard payment terms

Standard payments terms are 30 days from date of invoice

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

Answer not provided

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

N/A

Maximum contractual payment period agreed

90 days

We pay on 90 days from date of invoice for one specific supplier, who supplies one specific raw material

Any other information about payment terms

We pay on end of month following date of invoice for haulage costs from third party hauliers

Dispute resolution process

A dispute would be handled by the Procurement department (or Legal department as necessary) and would be notified in writing. The dispute would involve a discussion and investigation of the issue(s) and negotiation in good faith to resolve the dispute in a timely manner.

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, 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