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Company number: 02431656

Reporting period:
1 March 2018 to 31 August 2018

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

This report was filed on 20 September 2018

and approved by Jon Lucas

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

Invoices due but not paid within agreed terms: 44 %

Payment terms

Standard payment period for qualifying contracts

45 days

Standard payment terms

Our standard payment terms are 45 days.

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


Maximum contractual payment period agreed

60 days

Any other information about payment terms

Payment runs are processed once a week. Invoices are paid once due. The bank then take 2 days to process into a suppliers bank account.

Dispute resolution process

Stateside Foods are committed to working with its suppliers in a timely manner to resolve all disputes quickly. In the event of a dispute between Stateside Foods Ltd and the supplier, the initial dispute is raised by Stateside Foods’ accounts payable department with the supplier’s accounts receivable department. If the information returned by the supplier does not resolve the dispute, the dispute is escalated to the relevant invoice approver for follow up with the supplier and resolution.

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?