BETA This is a new service – your feedback will help us to improve it.


Company number: 00329695

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 30 January 2023

and approved by Claire Salmon

Payment statistics

Average time taken to pay invoices: 91 days

Invoices paid:

Invoices due but not paid within agreed terms: 38 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

120 days

Standard payment terms

Kerry has over 20 terms in use with suppliers, the most common being 90 days from date of invoice. Shorter terms may be granted to small businesses, charities, business organisations and government entities. Negotiations with suppliers happen on a continuous basis and payment terms may change as a result of agreements reached.

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

Yes – Changes were made based on the outcome of supplier negotiations. During this reporting period there were no unilateral changes to payment terms.

Were suppliers notified or consulted about these changes before they were made?

Yes – Each PO issued to and accepted by the Supplier will state the applicable payment term. Where a new term may be desired, suppliers are sent written communication requesting agreement to a new term.

Maximum contractual payment period agreed

120 days

Any other information about payment terms

Payment Terms are negotiated with each supplier and a wide range of terms are available for use. The terms used have been agreed to by suppliers and there is strong commitment to meet these terms.

Dispute resolution process

Invoices are processed in a structured, rule based process. Invoices which do not contain key information will be returned to the vendor with an accompanying note. Invoices which are accepted and are submitted for processing may encounter a discrepancy. In the first instance, a designated receiver of goods or a designated buyer of the goods will receive an automated request to confirm the quantity received and/or the price on the Purchase Order. If it is determined that the invoice does not match the quantity received or the price agreed, Accounts Payable will hold the invoice while a Credit Note is requested. When the correct Credit Note is received, it is processed with the original invoice to enable payment. A supplier invoicing guide is made available to suppliers. In addition to invoicing instructions, this guide also provides addresses, telephone numbers and e-mail addresses which can be used to resolve a dispute.

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?