DUNNHUMBY LIMITED
Company number: 02388853
Reporting period:
1 March 2022 to 28 August 2022
Report filed on:
27 September 2022
Approved by:
Dan Olley
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 29%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 4%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
14 Days 30 Days 45 Days 60 Days
Were there any changes to the standard payment terms in the reporting period?
The Maximum standard payment term is 60 Days
Were suppliers notified or consulted about these changes before they were made?
As per the legal contract we contacted the suppliers
Maximum contractual payment period agreed
60 days
69% of the suppliers are on standard payment term
Any other information about payment terms
NA
Dispute resolution process
We manage all queries through a generic mailbox with a dedicated team. If there is a dispute, we would email the relevant vendors / requestors to resolve the query. All queries are usually resolved within 3 days. We have an escalation matrix which is shared with vendors. We conduct periodic governance on the performance of the query team to ensure that queries are resolved timely and satisfactorily, thereby ensuring a build-up of invoices on hold is avoided and vendors are paid accurately.
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.
Yes, this business has signed up to: GSCOP
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