GREENCORE GROCERY LIMITED
Company number: 01754279
26 March 2022
to 30 September 2022
This report was filed on 26 October 2022
and approved by Guy Dullage
Average time taken to pay invoices: 90 days
- within 30 days: 4%
- in 31 to 60 days: 13%
- in 61 days or more: 83%
Invoices due but not paid within agreed terms: 14 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Standard payment terms are the next electronic transfer payment run following the 90th day of the date of receipt of a valid invoice. https://www.greencore.com/sustainability/our-responsibilities/
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
If Greencore Grocery Limited disputes any invoice or part of any invoice issued by the supplier to Greencore Grocery Limited or receives an invoice in respect of any goods which Greencore Grocery Limited believes (acting reasonably) have not been properly provided then:
-The Greencore Grocery Limited will pay that part of the invoice which is not the Disputed Sum in accordance with the payment terms;
-The Greencore Grocery Limited will be entitled to withhold payment of the disputed sum;
-The parties will negotiate in good faith to resolve the dispute, but if a resolution cannot be reached within ninety (90) days of the start of such negotiations, the matter will be referred to the Courts;
-The supplier will provide all such information and evidence as may be reasonably necessary to verify the disputed sum; and
-following resolution of the dispute, Greencore Grocery Limited will pay to the Supplier that part of the Disputed Sum (if any) as it is resolved is payable by Greencore Grocery Limited
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?