BURTON'S FOODS LIMITED

Company number: 02086754

Reporting period:
28 August 2022 to 27 February 2023

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This report was filed on 20 March 2023

and approved by Sarah Spittle

Payment statistics

Average time taken to pay invoices: 65 days

Invoices paid:

• within 30 days: 15%
• in 31 to 60 days: 27%
• in 61 days or more: 58%

Invoices due but not paid within agreed terms: 77%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

90 days

Standard payment terms

No standard payment terms exist, with terms negotiated on an individual supplier basis

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

Answer not provided

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

N/A

Maximum contractual payment period agreed

90 days

The company pays the majority of suppliers with a weekly BACS payment run. All invoices due and cleared for payment at this time are processed in the payment run. Operating a once a week BACS payment run can result in invoices being paid up to one week late which materially impacts the company's statistics. 88% of invoices were paid within 7 days of the due dates within the period.

Any other information about payment terms

N/A

Dispute resolution process

Complaints or concerns should be passed to the accounts payable team, quoting the purchase order number and invoice details. The accounts payable team will then escalate to the relevant department to resolve any outstanding issues around price, quantity or delivery.

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, 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.

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