BEAM SUNTORY UK LIMITED
Company number: 05591988
Reporting period:
1 January 2022
to 30 June 2022
This report was filed on 13 July 2022
and approved by Jose Padilla
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 43%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 42 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
60 days is the standard one butwe also have some vendorswith7 days payments even it isnotthe standard one.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
We have two payment runs the5th and the 20th of each month and for some critical vendors weekly payments.
Dispute resolution process
Invoices that do not clear, the system for payment areloggedand passed back totheaccount handler toinvestigateand advise aresolution
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
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