NUTRICIA LIMITED
Company number: 00275552
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
28 July 2022
Approved by:
Catherine Lewko
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 45%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 22%
Payment terms
Shortest standard payment periods
62 days
Longest standard payment period
92 days
Standard payment terms
Standard Payment Terms are 90 +2 days from the end of the month in which the expenditure is incurred. Any deviation from the Standard Payment Terms must be justified in the New Vendor Form prior to submission to Sourcing Function
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
92 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If a supplier has a complaint or dispute they will contact the UKIE IBS Procure to Pay department in the first instance, usually via email. The P2P team will look into the status of the invoice and try and resolve the complaint with the supplier. If P2P cannot resolve the complaint the P2P team member will put the supplier in contact with the Buyer who requested the good/service. Danone follow a no PO no pay policy. The PO number is communicated by the Buyer to the Supplier at the point of placing an order. Danone reserve the right to reject invoices without PO's back to the Supplier
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