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MCCAIN FOODS (G.B.) LIMITED

Company number: 00733218

Reporting period:
1 July 2017 to 31 December 2017

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

This report was filed on 31 January 2018

and approved by Saeeda Amin

Payment statistics

Average time taken to pay invoices: 54 days

Invoices paid:

• within 30 days: 16%
• in 31 to 60 days: 51%
• in 61 days or more: 33%

Invoices due but not paid within agreed terms: 52 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

60 days

Standard payment terms

We have various payment terms ranging from 7 days upto 60 days.

However our standard payment terms are 60 days net from date of invoice, and the majority of our suppliers are on these 60 day terms.

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

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

The first contact for disputes is the McCain payment centre, contactable by phone during weekday working hours or email.
The McCain payment centre directs queries to either the identified buyer or the GB finance team if buyer details are not clear.
Escalation channels are available through both the Procurement and Finance organisation

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.

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.

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