DHAMECHA FOODS LIMITED
Company number: 01163739
Reporting period:
1 October 2021 to 31 March 2022
Report filed on:
26 April 2022
Approved by:
Fayaaz Shariff
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 61%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 5%
Payment terms
Shortest standard payment periods
12 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms agreed with Suppliers varies between 12 days and 60 days. The payment terms are determined by the
type of products supplied and size of the supplier. Most of our suppliers are paid at the end of the month, however, some suppliers are paid at
specific dates during the month. We also make weekly payments to our discount suppliers.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices that are disputed are put on hold pending discussion between the Supplier and our Accounts Team together with the Buying
Team.
We aim to resolve any disputes at the earliest. Once a resolution is reached, we would pay at the next payment run.
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