ARAMARK LIMITED

Company number: 00983951

Reporting period:
2 October 2021 to 1 April 2022

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This report was filed on 23 May 2022

and approved by Helen Milligan-Smith

Payment statistics

Average time taken to pay invoices: 51 days

Invoices paid:

• within 30 days: 35%
• in 31 to 60 days: 49%
• in 61 days or more: 16%

Invoices due but not paid within agreed terms: 28%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

120 days

Standard payment terms

Aramark Limited payment terms vary by supplier and are agreed as part of contract negotiations.

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

120 days

No further comment provided

Any other information about payment terms

Delays in paying invoices are driven by slower invoice processing due to temporary unit closures throughout the pandemic Invoices are paid in line with contractual terms on the next available payment run. Suppliers can be paid ahead of terms if they participate in the Supply Chain financing scheme. Payment terms can be accelerated or exceeded at specific times during the year in mutual agreement with suppliers.

Dispute resolution process

Supplier payment queries are initially raised with the Accounts Payable team or the specific trading site. Where issues require further escalation it will then involve the Purchasing team or Senior Finance representation to reach a resolution.

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.

Yes

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.

Yes

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