ORNUA FOODS UK LIMITED
Company number: 00362221
Reporting period:
26 December 2021
to 25 June 2022
This report was filed on 27 January 2023
and approved by Stuart Stanley
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 43%
- in 31 to 60 days: 43%
- in 61 days or more: 14%
Invoices due but not paid within agreed terms: 15 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
90 days
Standard payment terms
Payment terms are agreed with each individual supplier on commencement of provision of goods and services to Ornua Foods UK, and vary according to the nature of the product or service.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Invoices are matched to purchase orders on receipt and disputed invoices notified to the supplier by accounts payable. Pricing discrepancies are handled by the Procurement department who liaise directly with their counterparts to identify and resolve the cause of the differences.
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.
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