LACTALIS NESTLE CHILLED DAIRY COMPANY LIMITED
Company number: 05849220
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
28 February 2022
Approved by:
T Sharpe
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 44%
- in 61 days or more: 11%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 40%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
Answer not provided
Standard payment terms
Unless otherwise stated in the Order, the Seller may only invoice Lactalis Nestle Chilled Dairy COmpany Ltd (the Buyer) on or after delivery of the Goods or supply of the Services with a separate invoice for each individual delivery or supply. Invoices will not be accepted unless they quote the number of the relevant Order. Invoices shall be sent to address specified by the Order. Unless otherwise agreed, the Buyer shall pay the Price of the Goods and the Services 45 days after the receipt by the Buyer of a proper invoice / monthly statement of account or, if later, after acceptance of the Goods or Service in question by the Buyer. Any credit note issued by the Seller shall quote the relevant Order Number and Invoice Number. The Buyer shall be entitled to deduct from the Price:- a) the unit price for such proportions of the Goods as may be defective and rejected by the Buyer together with the costs of returning such Goods to the Seller; b) any cost or expense incurred by the Buyer as a consequence of the Seller failing to deliver the Goods on time or to the correct destination or supplying goods which do not comply with Specification; c) the fees or other charges or other costs incurred by the Buyer arising out of any Services not provided or provided inadequately by the Seller to the Buyer; d) any sums owing by the Seller to the Buyer or any other company within the Sellers Group on any contract.
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
Dispute resolution is handled by the relevant purchasing team in communication with the supplier, supported by the purchase ledger and purchasing teams and with reference to agreed terms and conditions.
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