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AVARA FOODS LIMITED

Company number: 10973868

Reporting period:
1 September 2022 to 28 February 2023

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

This report was filed on 4 April 2023

and approved by Deborah Foster

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

• within 30 days: 50%
• in 31 to 60 days: 44%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 12 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

70 days

Standard payment terms

45 days

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

No

Maximum contractual payment period agreed

70 days

Any other information about payment terms

N/A

Dispute resolution process

Invoices are received by the Accounts Payable team and are either automatically or manually matched to the respective receipted POs on the Business Management System (Oracle). Any invoices that do not match go on hold status and are sent to the requisitioner to investigate. If an error has been made on the Purchase Order an amended Purchase Order is prepared and sent for approval. This approved amended PO is then receipted and matched to the invoice which is then released for payment within the supplier’s contracted terms. If an invoice is disputed by the requisitioner and no evidence of delivery can be provided a credit note is requested and then when this is received it is allocated against the invoice thus allowing payment to be made.

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

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