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Company number: 03780764

Reporting period:
1 July 2022 to 31 December 2022

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 24 January 2023

and approved by Malgorzata Moussa

Payment statistics

Average time taken to pay invoices: 67 days

Invoices paid:

Invoices due but not paid within agreed terms: 70 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

124 days

Standard payment terms

The globally defined payment terms for the reporting period are 90 days end of month from date of invoice with payment by the 4th working day of the following month. These terms are applied to new suppliers, and to new contracts. The procurement teams based in the local business units can deviate from these standard terms based upon spend and size of supplier company.

For intercompany trading the standard terms are 90 days from date of invoice plus 1-30 days, therefore equivalent to 91-119 days.

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

124 days

Any other information about payment terms


Dispute resolution process

The business process for resolving disputes is managed by the local business Procurement teams, together with a central AP team. There is a ‘No PO No Pay’ policy in place throughout the organisation

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?