GLANBIA CHEESE LIMITED
Company number: 02594981
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 24 August 2018
and approved by John Kiely
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 39%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 14 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
67 days
Standard payment terms
Our standard payment terms vary from 7 days to 67 days and our simple average per supplier is 29 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
67 days
Any other information about payment terms
N/A
Dispute resolution process
Terms with suppliers are agreed during contract negotiations and are implemented once a supply agreement is in place. Payment terms only change when contracts change. Suppliers contact our purchasing department if they have any queries or concerns.
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