LACTALIS MCLELLAND LIMITED
Company number: SC014583
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
21 September 2022
Approved by:
N Gopal
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 40%
- in 31 to 60 days: 47%
- in 61 days or more: 13%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 34%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment term is 60 days from the date of receipt of an appropriate invoice. Invoices must quote the purchase order reference and will be paid in full if all goods and services received are accurate. Terms can vary in accordance with individual contract terms with specific 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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Dispute resolution is handled by the relevant purchasing team in communication with the supplier, supported by the purchase ledger and purchasing teams and with reference to agreed terms and conditions.
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