Company number: 00031114
1 July 2022
to 31 December 2022
This report was filed on 31 January 2023
and approved by Jenny Hanlon
Average time taken to pay invoices: 43 days
- within 30 days: 34%
- in 31 to 60 days: 56%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 19 %
Standard payment period for qualifying contracts
Standard payment terms
Standard payment terms are 30 days following the end of the month of the invoice date.
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
"Adnams plc takes its commercial responsibilities seriously and endeavours to build long term partnerships with suppliers. We aim to treat our suppliers in the same way as we in turn like to be treated by our customers. We therefore strive to resolve invoice queries and disputes within the Standard Payment Period, but where this is not possible will seek to resolve the dispute and make the payment as soon as a resolution has been achieved.
Disputes will be handled by the relevant employee within Adnams plc responsible for the purchase/order in accordance with any specific agreements that maybe in place.
If a dispute cannot be resolved it will be escalated to our Commercial Director for consideration.
Supplier enquiries regarding payments can be directed to the dedicated accounts payable email address or telephone line which is monitored daily.
In addition, Adnams plc will provide suppliers with reasonable notice of commercial delists giving sufficient time to have the decision reviewed. "
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?