NANDO'S CHICKENLAND LIMITED
Company number: 02580031
Reporting period:
27 February 2018 to 26 August 2018
Report filed on:
21 September 2018
Approved by:
James D Fowler
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 27%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 23%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Nandos Chickenland Limited, as standard pays all its suppliers and distributors undisputed invoices 30 days from date of invoice. Variations to these standard terms are by exceptions and are applied when agreed by both parties.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
65 days
This payment term is 35 days from the end of the month of which the invoice is dated.
Any other information about payment terms
No further comment provided
Dispute resolution process
If at any time queries arise between Nandos Chickenland and contracted suppliers and distributors the matter is escalated to the procurements team who use their best endeavours to resolve the dispute to both parties satisfaction within the agreed payment terms.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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