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Company number: 00298325

Reporting period:
25 September 2021 to 25 March 2022

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 22 April 2022

and approved by Guy Dullage

Payment statistics

Average time taken to pay invoices: 87 days

Invoices paid:

Invoices due but not paid within agreed terms: 8 %

Payment terms

Standard payment period for qualifying contracts

90 days

Standard payment terms

Standard payment terms are the next electronic transfer payment run following the 90th day of the date of receipt of a valid invoice.

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


Maximum contractual payment period agreed

150 days

Any other information about payment terms


Dispute resolution process

If Greencore Prepared Meals Limited disputes any invoice or part of any invoice issued by the supplier to Greencore Prepared Meals Limited or receives an invoice in respect of any goods which Greencore Prepared Meals Limited believes (acting reasonably) have not been properly provided then:
- The Greencore Prepared Meals Limited will pay that part of the invoice which is not the Disputed Sum in accordance with the payment terms;
- The Greencore Prepared Meals Limited will be entitled to withhold payment of the disputed sum;
- The parties will negotiate in good faith to resolve the dispute, but if a resolution cannot be reached within ninety (90) days of the start of such negotiations, the matter will be referred to the Courts;
- The supplier will provide all such information and evidence as may be reasonably necessary to verify the disputed sum; and
- following resolution of the dispute, Greencore Prepared Meals Limited will pay to the Supplier that part of the Disputed Sum (if any) as it is resolved is payable by Greencore Prepared Meals Limited.

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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?